Top 10 Health Insurance Companies in US (Best Health Insurance 2023)

In the US, there are a host of private healthcare insurance specialists. However, life/annuity and property/casualty insurers also write this coverage, often referred to as accident and health insurance, as outlined by the Insurance Information Institute.

In 2023, the accident and health insurance industry’s direct written premiums reached $1.25 trillion, up by almost 84% from $680 billion in 2011. The largest 10 insurers collectively wrote 55.3% of the total US market, according to the National Association of Insurance Commissioners (NAIC). That is a huge number, although it is not surprising when you consider that health insurance is one of the most common types of insurance.

1. UnitedHealth:

Direct Written Premiums: $176.7 billion
Market Share: 14.1%

A diversified health and well-being company, UnitedHealth Group’s core capabilities are clinical expertise, advanced technology, and data and health information.

UnitedHealth Group serves clients and consumers in the US and more than 130 other countries through two distinct platforms: UnitedHealthcare provides healthcare coverage and benefits services, while Optum provides information and technology-enabled health services. The group invests more than $4 billion in technology and innovation and processes approximately 1.1 trillion transactions annually.

2.Kaiser Permanente:

Direct Written Premiums: $104.2 billion
Market Share: 8.3%

Kaiser Permanente is one of the largest integrated healthcare organizations in the United States. They offer individual and family plans as well as Medicare Advantage Plans. In addition tohealth care services they also offer dental coverage.

Kaiser Permanente is one of the leading health insurance companies in the USA. It was founded in 1945, and today it has revenues of over $60 billion. The company offers a wide range of services, including medical, dental and vision care. It also has a number of different health insurance packages, which can be customized to meet the needs of individual customers. In addition, Kaiser Permanente offers a number of discounts and offers, which can make it an attractive option for many people.

3. Anthem, Inc.:

Direct Written Premiums: $76.9 billion
Market Share: 6.2%


Anthem is the second-largest medical insurance provider by total membership, with more than 45 million members. The company's Commercial and Business health care segment offers network-based care to large and small businesses, individuals and Medicaid and Medicare markets.

The company currently only sells plans in 14 states — California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia and Wisconsin.

Anthem is part of the Blue Cross Blue Shield Association, which, in total, covers all 50 states. This affiliation can give some policyholders benefits such as nationwide access to medical care through the Blue Card program. The Blue Cross Blue Shield provider network is the largest in the country and includes about 90% of doctors and hospitals.

4. Centene Corp:

Direct Written Premiums: $75 billion
Market Share: 6%

Centene Corporation, a Fortune 500 company, is a diversified, multinational healthcare company providing a portfolio of services to government-sponsored healthcare programs, focusing on uninsured and underinsured individuals. It operates in 50 states and three international markets and has more than 25 million managed care members.

Centene operates local health plans and provides a range of health insurance solutions. Also, it contracts with other healthcare and commercial organizations to offer specialty services, ranging from behavioral health, dental benefits, life and health, and pharmacy benefits management to care management software, correctional healthcare services, in-home health services, managed vision, specialty pharmacy, and telehealth services

5. Humana:

Direct Written Premiums: $73.9 billion
Market Share: 5.9%

Health insurance is very important in the United States of America. Health care costs have been rising rapidly over the past few years, making it difficult for many people to afford the care they need. There are a number of health insurance companies operating in the USA, and each offers a different set of services and packages. Humana is one of the largest health insurance companies in the USA, with over $37 billion in annual revenue.

The company offers a wide range of services, including health insurance plans, prescription drug coverage, dental and vision plans, and more. Humana also offers a number of discounts and special offers to its customers. For example, the company offers a discount on health insurance premiums for customers who are members of certain organizations or groups.

6. CVS:

Direct Written Premiums: $69 billion
Market Share: 5.5%

CVS Health is a healthcare innovation company with a purpose to help people on their path to better health. Through its health services, plans, and community pharmacists, it pioneers a new approach to total health.

CVS has more than 9,900 retail locations, nearly 1,100 walk-in medical clinics, a pharmacy benefits manager with about 100 million plan members, a diversified healthcare benefits company serving about 23.4 million medical members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a standalone Medicare Part D prescription drug plan.

7. HCSC:

Direct Written Premiums: $42 billion
Market Share: 3.4%

Health Care Service Corporation (HCSC) is one of the largest nonprofit healthcare organizationsin the United States . They are a part of the Blue Cross Blue Shield Association andoffer a wide range of plans including individual , family , small business , large business ,andMedicare Advantage Plans.

Health Care Service Corporation is one of the largest health insurance companies in the United States. It was founded in 1936 and is headquartered in Chicago, Illinois. Health Care Service Corporation offers a variety of health insurance plans and packages to individuals, families, and businesses. Its services include primary care, hospitalization, prescription drug coverage, mental health services, and more.

Health Care Service Corporation also offers a variety of discounts and incentives to encourage its customers to stay healthy and make healthy choices. For example, it offers discounts on gym memberships, healthy food choices, and preventive care services. In addition, Health Care Service Corporation provides grants to community organizations that promote health and wellness. As a result of its commitment to helping its customers stay healthy, Health Care Service Corporation has become one of the leading health insurance companies in the United States.

8. Cigna Health:

Direct Written Premiums: $31.8 billion
Market Share: 2.5%

Cigna is the fourth-largest major medical insurance company in the United States. Headquartered in Bloomfield, Conn., Cigna offers health insurance and health services to companies throughout the world. In addition to corporate health insurance policies and management of those plans, Cigna also offers dental, behavioral health, vision, supplemental health and Medicare/Medicaid benefits.

Cigna currently offers individual health insurance in 16 states: Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Mississippi, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Virginia. And after recent expansions, Cigna now offers Medicare Advantage plans in more than half of the country.

9. Molina Healthcare, Inc.:

Direct Written Premiums: $21.4 billion
Market Share: 1.7%

Health insurance companies in the United States offer a wide variety of services and packages. Some of the most popular health insurance companies in the United States are Aetna, Blue Cross Blue Shield, Cigna, Health Care Service Corporation, and UnitedHealthcare. In addition to these large companies, there are many smaller regional and local health insurers. Health care in the United States is a complex and rapidly changing industry, and molina Healthcare is one of the leading health insurers in the country.

Molina Healthcare was founded in 1980 and is headquartered in Long Beach, California. The company provides health insurance plans for individuals, families, Medicare beneficiaries, and Medicaid enrollees. Molina Healthcare currently serves more than five million members in eleven states. In 2017, the company had revenue of $15.6 billion. Molina Healthcare offers a variety of health insurance plans, including individual and family plans, Medicare Advantage plans, Medicaid managed care plans, and prescription drug plans.

The company also offers a range of other services, such as behavioral health services, telehealth services, and health information technology solutions. Molina Healthcare is dedicated to providing high-quality and affordable health care to its members. The company has a long history of helping people access essential healthcare services, and it continues to innovate and expand its offerings to meet the changing needs of its members. molina Healthcare is one of the largest Health Insurance Companies in USA by number of members served which makes it an important Health Insurance Companies in USA .

10. Independence Health Group:

Direct Written Premiums: $20.1 billion
Market Share: 1.6%

Philadelphia-headquartered Independence Health Group, along with its subsidiaries, serves about 10 million clients in 27 states and the District of Columbia. A quarter of its customer network is based in southeastern Pennsylvania. The company serves various employer groups, from small and midsize enterprises to national corporations.

Among the services the insurer offers are commercial, Medicare and Medicaid coverage, pharmacy benefits management, workers’ compensation, and third-party benefits administration. The company is an independent licensee of the Blue Cross and Blue Shield Association.

Conclusion:

However , by doing your research & knowing what kindof coverage you need , you can make an informed decision about which company iss best for you . We hope this list of top 10 health insurers has been helpfulin your search forcoverage . Good luck!

FAQ;

1. How do I choose the right health insurer for me?

The best way to choose the right health insurer for you is to research your options and compare different companies. You should also make sure to understand what kind of coverage you need before making a decision.

2. What are some things I should look for in a health insurer?

When looking for a health insurer, you should consider factors such as the company’s financial stability, customer satisfaction ratings, and the types of coverage they offer. You should also make sure to read the fine print so that you understand what is covered under each policy.

3. What are some of the most popular health insurers in the US?

Some of the most popular health insurers in the US include Blue Cross Blue Shield, Aetna, UnitedHealthcare, and Cigna. However, there are many other companies that offer health insurance coverage, so you should compare different options before making a decision.

4. How much does health insurance cost?

The cost of health insurance varies depending on factors such as your age, location, and the type of coverage you need. You can use our health insurance quote tool to get an estimate of how much different policies might cost you.

5. What is the best way to compare different health insurers?

One of the best ways to compare different health insurers is to use our health insurance quote tool. This tool allows you to compare different policies side-by-side so that you can see which one offers the coverage you need at the best price.

6. How do I know if a health insurer is reputable?

You can research a health insurer’s reputation by reading customer reviews and ratings. You can also check whether the company is accredited by the Better Business Bureau.

7. What are some of the most common complaints about health insurers?

Some of the most common complaints about health insurers include high premiums, denied claims, and poor customer service. However, it’s important to keep in mind that every company will have some negative reviews – even the best ones.

8. I’m still not sure which health insurer is right for me. What should I do?

If you’re still not sure which health insurer is right for you, we recommend that you speak to a licensed insurance agent. An agent can help you understand your options and find the best policy for your needs.

9. How do I contact a health insurer if I have questions or need assistance?

You can usually contact a health insurer by phone or email. Some companies also have live chat features on their websites.

10. Do you have any other tips for choosing a health insurer?

Here are some other things to keep in mind when choosing a health insurer:

– Make sure to read the fine print so that you understand what is and isn’t covered under each policy.

– Compare different policies side-by-side to find the one that offers the best coverage at the best price.

– Check customer reviews and ratings to get an idea of a company’s reputation.

– Speak to a licensed insurance agent if you’re still not sure which insurer is right for you.