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List of the top 10 biggest Medical Insurance Companies in the USA, United States of America from the year 2023 to 2024.
According to Forbes ranking, the USA is the country with the biggest medical insurance companies in the world in 2023/2024 today. Currently, UnitedHealth Group is the largest health insurer in the US in terms of networking, membership, and National Market Share.
Anthem Health Insurance Company and Aetna Health Insurance Company in the USA take the second and third positions respectively.
Types of medical insurance companies in the USA
There are different types of medical insurance companies in the US which include; Health Maintenance Organizations (HMOS), Exclusive Provider Organizations (EPOs), Point-of-service (POS) plans, as well as Preferred provider organizations (PPOs) medical insurance.
Not sure which health insurance is best for you? These types of health insurance plans are key to choosing and finding the right health coverage for yourself in the United States.
Cheap medical insurance companies in the USA
Besides that, there are cheap medical insurance companies that are affordable for households for those with low incomes. In 2023, the cheapest health insurance company is Kaiser Permanente, which costs an average of $338 per month.
Generally, they are considered Bronze plans and are recommended for those who need routine medical care thus, giving you financial protection from very high costs.
Private Medical Insurance Companies in the USA
As of today, there are approximately 910 private medical insurance companies in the United States. In this case insurance brokers and companies both fall into this category.
Major medical insurance companies in the United States
The major medical insurance company in the US is United Healthcare, with approximately $176.8 billion of the total direct written premiums. In addition, it holds a market share of 14.2% of the total medical insurance market.
Kaiser Foundation and Anthem, Inc. follow it closely with a market share of 8.3% and 6.2%, respectively.
Worst Medical Insurance Companies USA
There happen to be companies identified that work against the clients that need them the most by rejecting claims, denying coverage, and jacking up premiums. Some of the companies involved in this include Allstate, AIG, Farmers, Unum, and even Global Life.
However, this comes from the opinions of researchers and reviews from clients who have tried them before and their experience with them.
Commercial Medical Insurance Companies in the US
There happen to be various commercial medical insurance companies in the US, meaning that it may be employer-sponsored or privately purchased. Some of the commercial health insurance companies in the US are Cigna Health, Humana, and Health Care Service Corporation (HCSC), a mutual legal reserve company.
HCSC is the largest customer-owned healthcare insurance company in the US.
Commercial health insurance may be provided on a fee-for-service basis or through a managed care plan.
Medical Insurance Companies about Market Share
Different health insurers in the general insurance market cover a certain percentage of the total market. Today, United Healthcare Group is the largest health insurer with a total market share of 14.1%, boasting a total of over 70 million customers.
Health Insurance Companies in the United States
Health insurance is an important part of the healthcare landscape in the US and enrollment has been on the rise recently. This draws a lot of insurers and brokers into the market. Therefore, choosing an insurance plan that meets your needs can be overwhelming. Below, we have sampled and analyzed a list of the top 10 biggest medical or health insurance companies in the USA for the year 2024.
Top 10 Biggest Medical Insurance Companies in the USA 2024
1. United Healthcare Insurance Company, USA
2. Kaiser Foundation Health Plan, USA
3. Centene Corp Medical Insurance, U.S
4. Blue Cross Medical Insurance Company, USA
5. Blue Shield Medical Insurance Company, U.S.
6. Cigna, Health Insurance, USA
7. Humans Capital District Physicians Health Plan, USA
8. Health Partners Medical Insurance Company, USA
9. Havard Pilgrim Medical Insurance Company, United States. And finally on the list of the top 10 biggest medical insurance companies in the United States in 2023/2024,
10. Aetna Health Insurance Company, United States.
In summary, before choosing any kind of health insurer, it is good to consider a variety of factors as discussed above. This is the ultimate comprehensive guide and analysis towards selecting the right and best of the top 10 medical insurance companies in the US or USA in 2024 that are the biggest today.