Top 10 Health Insurance Companies in the U.S

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As per the definition, Health Insurance is insurance that covers the risk of a person wholly or partly, incurring medical expenses. This insurance covers losses from accidents, medical expenses, disability, and accidental death.

In this article, we will be listing down the top 10 health insurance companies in the US along with a brief description of the company.

health insurance
Health Insurance

1. Kaiser Family Foundation (KFF)

Kaiser Family Foundation was started in the year 1991 and its initial foundation started in the year 1948 with major modifications later, with the mission to provide a trusted source for the healthcare system based on vested interest located in San Francisco, California.

According to the report from 2018 to 2020, the financial performance of Kaiser Family Foundation was relatively high and their health care policy includes COVID-19 response, women’s health, long-term care, private insurance, mental health, and LGBTO health.

A system on women’s health care policy, access to care, and health coverage over the span of lifetime and access barriers were also covered. Employer-sponsored insurance mode is one of the famous models of health insurance among the 58.6 million 19-64 (60%) ages in the U.S.

Also Read: 7 Tips to keep kids healthy during the school

2. Health Care Service Corporation (HCSC)

It has been dated back to 1929 as the first hospital and later in 1937, the company became the first health insurer.

Health Care Service Corporation is headquartered at 300 E. Randolph St. in Chicago, Illinois.

It covers more than 15 million members at present with various groups and individual benefit plans, and life insurance products. it has a network of 272700 physicians, 8600 network facilities, 96.1 percent claims rate.

HCSC is considered the United States’ largest customer-owned health insurer with approximately 16 million members across Illinois, Montana, New Mexico, Oklahoma, and Texas.

Also Read: 10 Healthy foods to lose weight

3. Centene Corp

Founded in 1984 as a non-profit Medicaid plan with a mission to provide accessible and high-quality health care services to more than 23 million members in all 50 states in the U.S.

The products and services of Centene corporation include Medicaid, military and veterans, Medicare, correctional healthcare, and health insurance marketplace. Whole health solutions under Centene Corporation consists of specialty pharmacy, pharmacy benefit management, dental, and nurse advice line.

More importantly, Centene Corporation serves as a central focal point for COVID-19 responses and resources. It partners with medical professionals, CDC, WHO, and other government agencies to serve and protect peoples during this pandemic situation.

4. Molina Healthcare Inc.

Molina Healthcare is a Fortune 500 healthcare organization with a motive to provide quality health services to people with government assistance.

The health insurance plans for Molina Healthcare includes Medicaid, Molina Medicare, integrated Medicaid/Medicare, and Molina marketplace.

As of 30th June 2020, Molina Healthcare served approximately 3.6 million members in the U.S.

Besides being a provider of health care services, their responsibility for the community including corporate social responsibility, recognizing community partners, empowering employees to give back, investing in causes and organizations making a difference locally, and practicing sustainability.

Also Read: 13 water-rich foods that can keep you hydrated

5. California Physicians Service

A healthcare service provider in the name of Blue Shield of California, California Physicians Service was incorporated in the year 1939 in Oakland and it is considered as one of the four largest insurers in the state with approximately 4 million members.

With healthcare and Medicare in focus, Blue Shield of California’s coverage includes dental, vision, and life coverage as health insurance plans.

The healthcare insurance in their plan comes with individual and family plans, payments based on premium like platinum, gold, silver, and bronze plan.

6. United Healthcare Services Inc.

United Healthcare was incorporated with the mission to help people live healthier lives and make the health system work better for every one of us.

The insurance plans under united healthcare services include Medicare and Medicaid plans, individual and family plans, and employer plans. Under individual and family plans, short term insurance, dental, vision, ACA marketplace plans, and supplemental insurance are covered. Employer plan covers small businesses, large businesses, national accounts, and group insurance.

United Healthcare Services is headquartered in Minnetonka, MN, United States, incorporated in the year 1996 and this industry includes health insurance carriers, finance, and insurance sector, and health maintenance organization.

7. HealthPartners and Park Nicollet

HealthPartners and Park Nicollet are everyday care providers established in the year 1957, the tagline of getting better made easy with board-certified doctors, affordable 24/7 healthcare, and more than 300 locations spread over the US.

The main activities or services of HealthPartners are everyday care, specialty care, and 24/7 online care. Doctors in the sector include primary care, pediatricians, dentists, eye, OB/GYN, and orthopedics with board certification.

HealthPartners and Park Nicollet are headquartered in Bloomington, Minnesota with more than 300 locations in the US.

8. Humana

Humana is a healthcare provider established in the year 1961, headquartered in Louisville, Kentucky with a mission to lead healthcare innovations, community wellness, and help people achieve lifelong wellbeing.

The health insurance plans of Humana include Medicare, employer plans, dental, vision, Medicaid, and pharmacy.

Also Read: 10 foods for a healthy life

9. Cigna Health

Cigna Health was founded in the year 1977 with a dedication to providing improved health, well-being, and peace of mind for its members.

Headquartered in Wilmington, Delaware, in the US with more than 180 million happy customers, spread over 30 countries and more than 70000 employees.

Healthcare insurance coverage from Cigna Health includes health insurance for individuals and families, dental insurance plans, Medicare Advantage, and Part D plans, Medicare supplement plans, other supplemental insurance, and international health insurance.

10. Healthnet

Healthnet was established in 1977 by Blue Cross as a non-profit Health Net of California and in 1992, this company was converted to for-profit.

Healthnet is headquartered in Woodland Hills, Los Angeles, California, in the US with a dedication to transforming the life of a community. At present Healthnet consists of more than 3000 employees and 85000 network providers.

The healthcare insurance plans within the Healthnet include Medi-Cal, Medicare, individual and family plans, small business, and large businesses.

References:

  1. Kaiser Family Foundation, Filling the need for trusted information on national health issues. https://www.kff.org/
  2. Health Care Service Corporation (HCSC), https://www.hcsc.com/
  3. Centene Corporation, https://www.centene.com/
  4. Molina Healthcare, https://www.molinahealthcare.com/
  5. California Physicians Service (Blue Shield of California), https://www.blueshieldca.com
  6. United Healthcare Services Inc, Minnetonka, MN, United States. https://www.uhc.com/
  7. HealthPartners & Park Nicollet, Bloomington, Minnesota, US. https://www.healthpartners.com/care/
  8. Humana, Louisville, Kentucky, US. https://www.humana.com/
  9. Cigna Health, Wilmington, Delaware, US. https://www.cigna.com/
  10. Healthnet, Woodland Hills, Los Angeles, California, US. https://www.healthnet.com/

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