Looking for the best private health insurance coverage in the USA? You’re in the right place! In this blog post, we’ll explore the top 10 private health insurance companies in USA, helping you find the perfect fit for your needs. Stick with us to the end to discover the best options.
In the meantime, private health insurance companies are organizations that provide health insurance plans to individuals and families. These plans help cover the cost of medical care, like doctor visits, hospital stays, and prescription medicines.
Unlike government programs like Medicare, private health insurance is offered by companies, and you usually pay a monthly fee, called a premium, along with other costs like co-pays when you use healthcare services.
However, you should know that different companies offer different plans, so you can choose one that fits your needs and budget. We are also here to help with a list of the best private insurance companies to assist you in making the right choice.
Top 10 Private Health Insurance Companies In USA
Finding the best private health insurance can make a big difference in your care and costs. With so many options out there, it can be hard to choose the right one. To help you, we’ve listed the top 10 private health insurance companies in the USA. These companies are known for their great coverage, broad networks, and strong customer service. They include:
UnitedHealth Group
UnitedHealth Group is a renowned insurance company with a vast network of over a million medical and healthcare specialists and approximately 6,200 hospitals. They provide medical and dental benefits to over 49 million members across the United States. Their services are delivered through two main business units: UnitedHealthcare and Optum.
UnitedHealthcare is the company’s health insurance division, offering services and coverage including UnitedHealthcare medical products, UnitedHealth Wellness, Oxford Health, Virtual Visits, and Business Travel Insurance. Optum, the technology arm, provides information and tech-enabled services through three platforms: OptumHealth, OptumInsight, and OptumRx.
Kaiser Permanente
Kaiser Permanente provides health insurance and medical services in eight states and the District of Columbia. They offer various plan types, including individual health insurance, employer-sponsored plans, Medicare Advantage, and Medicaid (including Medi-Cal).
Kaiser Permanente is unique for its integrated health system, combining both healthcare providers and insurance coverage. This approach fosters collaboration among teams of experts across different specialties, such as cardiac care, cancer care, and maternity and pediatrics.
This teamwork aims to streamline diagnosis, treatment, and recovery, enhancing the overall efficiency and effectiveness of patient care.
Elevance Health (Anthem)
Elevance Health, formerly known as Anthem, rebranded in June 2022. As one of the largest health insurance companies in the U.S., Elevance Health serves over 47.5 million members. They include; 21 million risk-based patients, through a network of 1.7 million doctors and medical facilities.
The company is the largest for-profit managed healthcare provider within the Blue Cross Blue Shield Association. Elevance Health offers a variety of health insurance plans, including medical, dental, and vision coverage. There’s coverage for individuals, families, and employers under its Anthem Blue Cross Blue Shield and Wellpoint brands.
In addition, members have access to healthcare services through its Carelon brand and other subsidiaries. Elevance Health’s policies are available across 14 states.
Centene
Centene, based in St. Louis, Missouri, is a top provider of government-funded healthcare services and operates in all 50 states. With subsidiaries like Ambetter, Health Net, Fidelis Care, and Wellcare. Centene is the largest Medicaid managed care provider in the U.S.
The company offers various health insurance plans, including individual and employer-sponsored insurance, Medicare Advantage, and Medicaid. Centene serves over 28 million members, including in major Medicaid states like California, Florida, New York, and Texas. They also provide specialty services such as behavioral health, dental benefits, in-home care, and telehealth, supported by 67,800 employees.
Humana
Humana is one of the largest managed care companies in the U.S., serving over 17 million members across all 50 states. The company offers a variety of affordable plans, including Medicare and Medicaid, dental and vision insurance, group health plans, and pharmaceutical coverage.
Humana’s services are available through three main platforms. The Health Services platform provides wellness and healthcare products to individuals, employers, and Humana subsidiaries. The Group & Specialty platform offers commercial medical plans and specialty healthcare benefits. The Retail platform includes individual plans such as Medicare and Medicaid.
With a workforce of about 67,100 employees, Humana is well-equipped to support its extensive member base and provide comprehensive health coverage.
HCSC
Health Care Service Corporation (HCSC), the largest customer-owned health insurance company in the U.S., serves around 18.6 million members. Operating as a mutual legal reserve firm, HCSC provides a variety of life and health insurance policies through its subsidiaries.
These includes; HCSC Insurance Service Company, TriWest Healthcare Alliance, Prime Therapeutics, Medecision, Availity, Dearborn Group, and Dental Network of America.
Affiliated with the Blue Cross Blue Shield Association, HCSC offers coverage in Texas, Oklahoma, New Mexico, Montana, and Illinois. The company employs over 22,000 staff members to support its extensive operations.
Molina Healthcare
Molina Healthcare, headquartered in Long Beach, California, is a significant player in the health insurance industry, with a direct written premium (DWP) of $28.8 billion and a market share of 2.0%. The company specializes in government-sponsored programs, serving approximately 5.1 million members across 18 states.
Molina Healthcare partners with state governments to offer a variety of healthcare services to eligible individuals and families. The insurer is involved in several dual demonstration projects, managing care for those qualified for both Medicaid and Medicare. This focus on government programs allows Molina to provide targeted support to underserved populations.
CVS Health
CVS Health, headquartered in Woonsocket, Rhode Island, is a major player in the U.S. healthcare market, with a direct written premium (DWP) of $83.9 billion and a market share of 5.8%. The company serves over 23 million members nationwide.
However, as one of the largest health insurance providers in the country, CVS Health operates a vast network of more than 9,900 retail locations and nearly 1,100 walk-in clinics.
It also manages a pharmacy benefits program for around 100 million plan members and a senior pharmacy care business that supports over one million patients annually.
In addition, CVS Health offers a range of standard insurance benefits, including specialty pharmacy services and standalone Medicare Part D prescription drug plans, catering to diverse healthcare needs.
Cigna
Cigna, headquartered in Bloomfield, Connecticut, is a leading global health insurer with a direct written premium (DWP) of $34.0 billion and a market share of 2.4%. In the U.S., Cigna serves approximately 19.5 million members and is part of a larger global network that reaches about 190 million clients across more than 30 countries and territories.
In the U.S., Cigna offers a range of health and dental insurance policies, including Medicare plans, international healthcare coverage, and supplemental health insurance. The company operates through two main business units. They are, Cigna Healthcare, which focuses on products and services to enhance health and well-being at all stages of life. And Evernorth Health Services, which aims to improve disease prevention and treatment by providing pharmaceutical and healthcare products and services.
GuideWell
GuideWell, based in Jacksonville, Florida, operates as a non-profit mutual holding company with a direct written premium (DWP) of $26.5 billion and a market share of 1.8%. The organization serves around 27 million members across 35 states.
GuideWell offers health insurance through several key subsidiaries. Florida Blue, a local Blue Cross Blue Shield member, provides a broad range of medical services, wellness programs, and preventative care to Florida residents.
Florida Health Care Plans delivers health coverage and care services to individuals, families, and employers in the local area. Truli for Health focuses on affordable healthcare coverage for Florida’s workforce, while Capital Health Plan serves the Tallahassee community with cost-effective health coverage.
In Puerto Rico, Triple-S Salud stands as the largest health insurance provider, offering comprehensive plans with an open access network.
However, beyond insurance, GuideWell also provides various healthcare and health administrative services, enhancing its role in the healthcare sector.
Choosing the right health insurance is important for getting the coverage you need. The top 10 companies we’ve covered offer various plans and services to fit different needs. By looking at these top providers, you can find the best insurance option for you and your family.