Insurance Curator A host of private health insurance companies are available in the USA. However, this coverage, which is also called accident and health insurance, is often covered by life/annuity and property/casualty insurers as defined by the Insurance Information Institute.
Direct written premiums for the accidents and health insurance sector amounted to $1.1 trillion in 2018 and increased by 57.3% in 2009. According to the National Association of Insurance Commissioners, the 10 biggest insurers grouped up 51,8 percent of the overall US sector (NAIC).
- UnitedHealth
14.2 percent market share
UnitedHealth Group is a diversified health and well-being organization whose core competencies include clinical experience, digital technologies, and data and health knowledge.
UnitedHealth Group represents customers and patients in the United States and over 130 other countries across two distinct platforms: UnitedHealthcare offers healthcare coverage and benefits programs, while Optum provides health information and technology-enabled services. The company invests over $3.5 billion in technology and innovation per year and conducts approximately 1.1 trillion transactions.
- Kaiser Foundation
8.5 percent of the market
Kaiser Foundation Health Plan, Inc. is a 501(c)(3) not-for-profit health plan. Allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, occupational therapy, pain management, pediatric rehabilitation, and pharmacy services are provided by the agency. The business represents patients in the United States of America.
- Anthem, Inc
6.1 percent of the market
Anthem, Inc. is a health services organization dedicated to enhancing lives and neighborhoods by simplifying healthcare. Anthem represents over 78 million individuals through its subsidiary businesses, including over 41 million through its family of health plans. It aspires to be the most forward-thinking, valuable, and inclusive partner possible.
The group’s associated health plans have developed a variety of HMOs, PPOs, network-based dental products, hybrid and specialty products, and health plan programs that incorporate consumer-pleasing features with cost-cutting measures. Individual members and employer groups can choose from a variety of simple and comprehensive plans to fit their unique circumstances. Additionally, a variety of related specialized items and other services, such as flexible spending accounts and COBRA administration, are available.
- Humana
5.1 percent market share
Humana’s cultural base is built on the principle of assisting members in achieving optimal health through customized, simplified, whole-person healthcare experiences. Recognizing that the healthcare needs of each person, family, and society are constantly changing, Humana develops creative strategies and tools to assist people in living their healthiest lives on their terms – when and where they need it.
- CVS
5.0 percent market share
CVS Health is a healthcare innovation organization whose mission is to assist people in achieving better health. It pioneers a new approach to total wellness through its health programs, plans, and community pharmacists.
CVS has over 9,800 retail locations, over 1,100 walk-in medical clinics, a pharmacy benefits manager of approximately 93 million plan members, a diversified healthcare benefits company with approximately 22.2 million medical members, a dedicated senior pharmacy care business with over one million patients per year, expanding specialty pharmacy services, and a standalone Medicare Part D prescribing business.
- HCSC
3.4 percent market share
Health Care Service Corporation (HCSC), a joint legal reserve corporation, is the nation’s largest customer-owned health insurance company. The corporation represents over 16 million customers in five states – Illinois, Montana, New Mexico, Oklahoma, and Texas – and hires over 23,000 employees across more than 60 local offices.
Through its affiliates and subsidiaries, HCSC provides a broad range of life and health insurance products and related services, including Dearborn Group, Dental Network of America, HCSC Insurance Distribution Company, Medecision, Availity, Prime Therapeutics, and TriWest Healthcare Alliance.
- Centene Corp
3.3% of the market
Centene Corporation, a Fortune 500 company, is a diversified, global healthcare company focused on uninsured and underinsured people. It offers a portfolio of services to government-sponsored healthcare systems. It serves over 15 million managed care members in 32 states and three foreign markets.
Centene manages community health plans and offers a variety of health care options. Additionally, it enters into contracts with other healthcare and commercial companies to provide specialty programs ranging from mental health, dental benefits, life and health, and pharmaceutical benefits management to care management software, correctional healthcare, in-home health, supervised vision, specialty pharmacy, and telehealth.
- Cigna Health
2.7 percent market share
Cigna Corporation is a multinational health services company with over 165 million client and patient relationships spread across more than 30 countries and jurisdictions. Person and family health insurance, dental insurance, Medicare plans, Medicare supplementary plans, other supplemental insurance, and international health insurance are among the company’s insurance plans and products.
- WellCare
1.9 percent market share
WellCare Health Plans, Inc. is a managed care organization focused on providing managed care programs to people, families, children, and seniors with specific medical conditions, mainly through Medicaid, Medicare Advantage, and prescription drug plans, as well as to individuals in the health insurance marketplace. As of Sept. 30, 2019, WellCare served about 6.4 million members nationally.
10. Molina Healthcare, Inc.
1.7 percent market share
Molina Healthcare, a Fortune 500 corporation, is dedicated solely to government-sponsored healthcare services for eligible individuals and families. The business partners with state governments and operates as a health plan for individuals and families, offering a broad variety of high-quality healthcare services.
Molina offers health insurance in the following states: California, Florida, Illinois, Michigan, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Washington, and Wisconsin. Additionally, the organization sells a Medicare program and has been chosen by a number of states to participate in dual pilot programs to manage coverage for Medicaid and Medicare beneficiaries.