Top 10 Health Insurance Companies in the USA

Given the rising costs associated with healthcare, health insurance is an invaluable protection plan. There are numerous top health insurers that provide cost-effective plans.

Below is a list of the ten largest US health insurers by 12-month trailing revenue, as determined by Google Finance.

1. Blue Cross Blue Shield

BCBS of America provides healthcare coverage to over 115 million Americans through affiliates Elevance Health, Highmark and CareFirst.

History dates back to 1929 when this company started out offering hospital plans to Dallas public school teachers that included 21 days of coverage at just 50 cents per month.

Since its formation, the company has continued to innovate and adapt. As an industry leader, they pioneer new benefits like telemedicine and community health initiatives for members while working closely with innovative healthcare startups to find optimal solutions.

2. Centene Corp

Centene Corp provides government-sponsored health programs such as Medicaid and Medicare with healthcare services that span specialty services, home healthcare, community based care and insurance products.

The company offers competitive salary options and retirement benefits, including paid time off. Employee feedback is encouraged in order to ensure fair payment practices. With over 24 million members across the US and an emphasis on healthcare outcomes and social determinants of health, this business operates to achieve optimal employee health.

3. Cigna

Cigna offers comprehensive healthcare coverage including medical, dental and Medicare plans as well as supplemental insurance policies and wellness programs. Their customer service has earned them rave reviews; members can utilize a robust member portal/mobile app where they can search plan network doctors, estimate costs and get insurance ID cards quickly and easily.

Cigna maintains over 1.5 million relationships with healthcare providers, clinics and facilities worldwide, making them the industry leader for global healthcare benefits and dedicated to increasing affordable access and sustainability for healthcare. Cigna participates in various lobbying efforts both state- and federal-wide to support this objective.

4. Humana

Humana offers Medicare Advantage plans with various features and benefits. Humana HMO plans allow members to select doctors from within their network and some provide lower out-of-pocket maximums than traditional Medicare.

Humana provides PPO plans that allow access to any provider within its network, Chronic Condition Special Needs Plans, Dual Eligible SNPs – these plans may only be available in certain states – as well as Preferred Provider Organization (PPO) plans that offer more coverage options.

These plans help cover costs that traditional Medicare Parts A and B alone don’t, according to Freitag. Additionally, they come equipped with prescription drug benefits.

5. Kaiser Permanente

Kaiser Health Insurance has built its name by offering top-quality health coverage to individuals. As one of the major players in the individual market, they offer plans both on and off exchange as well as offering HMO plans as well as high deductible plans with benefits that meet any need.

Kaiser offers Medicare Advantage plans as well as Part D prescription drug coverage that tend to offer lower premiums than traditional Medicare plans and boast a strong record for customer service.

6. Anthem

Anthem provides comprehensive health benefits through individual, group and Medicare Advantage policies.

Customer satisfaction ratings at this company are above average and complaints have been minimal relative to other businesses of its size. Furthermore, it offers an inclusive rewards program.

Medicare Advantage offerings from Kaiser Permanente tend to be lower-priced on average than Blue Cross Blue Shield in states where both offer coverage; however, individual plans from them often outshone those offered by competitors such as Blue Cross Blue Shield.

7. Health Care Service Corp

HCSC offers a selection of Blue Cross and Blue Shield health insurance plans as well as access to exclusive online resources, such as virtual assistants and tools designed to manage chronic conditions for their members.

HCSC is the nation’s largest customer-owned health insurer and serves over 18.6 million members in five core states. They strive to expand access to affordable yet high-quality care services.

Employees at HCSC rank their Perks and Benefits below average, which allows Comparably’s free business intelligence tool to show how they compare to competitors.

8. UnitedHealth Group

UnitedHealth Group provides an impressive variety of benefits, such as health insurance, wellness services and retirement savings programs. In addition, UnitedHealth Group is recognized as an employer who values military veterans.

UnitedHealthcare and Optum are two diversified businesses operated by this multinational healthcare services provider, each providing health coverage and services, respectively, while also providing information- and technology-enabled healthcare services. They have strong presences both domestically and abroad with headquarters located in Minnetonka, Minnesota with revenues rising exponentially over time – they even made the Fortune 100 list this year due to rapid acquisition growth.

9. Wellcare

Employers looking to attract and retain employees can benefit from offering comprehensive health benefits programs as a means to attract talent, boost morale and productivity among their workforce and reduce costs for employers.

Wellcare provides Medicare Advantage plans tailored specifically to each state and region, including PPOs, HMOs and PFFSs. In addition, Wellcare also offers Part D prescription drug plans with relatively low out-of-pocket maximums that offer Giveback benefits that reimburse Part B premium payments.

10. Aetna

Aetna, part of CVS Health Corp, offers various insurance plans including Health Savings Account options that enable customers to save pre-tax for insurance deductible payments. Furthermore, Aetna boasts an expansive provider network as well as mobile app functionality.

HealthSource Insurance Services’ insurance products cover traditional and consumer directed healthcare, pharmacy, dental, behavioral health, long term care and medical stop loss coverage for employers, groups, individuals and governmental units alike. With its headquarters located in Hartford CT and S&P rating of A+ (Excellent), this firm boasts financial strength as well as solid operational performance.