Health Insurance

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Nobody anticipates getting sick or harmed, but the majority of individuals eventually need medical attention. These expenses are covered by health insurance, along with many other significant advantages. To maintain your health and treat illnesses and accidents smartly, health insurance is necessary. You are protected against unforeseen, excessive medical expenses with health insurance.

We have examined and highlighted the top 10 best insurance companies in the USA that will truly grant you the insurance cover you need.

Top 10 Best Health Insurance Companies In the USA  2022

 

  1. UnitedHealth Insurance
  2. Kaiser Permanente
  3. Aetna
  4. Humana
  5. Cigna
  6. Blue Cross Blue Shield
  7. Allwell (Centene Corporation)
  8. Anthem
  9. Oscar
  10. Molina

1. UnitedHealth Insurance

 

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UnitedHealth Insurance is a subsidiary of UnitedHealth Group. It was established in 1977 and has nearly 40 years of expertise, providing a huge selection of top-rated health insurance products which has made it the number one of the top 10 health insurance providers in the USA. 

UnitedHealthcare offers both open-access (for all) and in-network-only health plans, plans that solely cover care provided by specialists with whom UnitedHealthcare has agreements to cover patients’ needs.

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With more than 6,500 hospitals and healthcare institutions and 1.3 million doctors and other medical professionals, UnitedHealthcare has a sizable provider network. The online plan selection tool from UnitedHealthcare assists in reducing the options by suggesting the best-fitting plans. 

Recommendations are based on certain doctors, prescriptions, travel preferences, and other preferences; alternatively, you can ignore the specifics and just provide your basic information. Through telehealth visits and a yearly house call, UnitedHealthcare also offers several options for receiving healthcare from home.

UnitedHealthcare provides Consumer-Directed Health Plans (CDHP) choices that are HSA-compatible. For customers looking for Medicare or Medicaid services, UnitedHealthcare also offers Medicare and Medicaid plans. Furthermore, it takes part in the Children’s Health Insurance Program (CHIP). Medicare plans offered by UnitedHealthcare include Advantage and Prescription Drug coverage and Medicare supplement plans (commonly known as Medigap).

Pros

  • Provides the greatest U.S. network with more than 1.3 million medical experts.
  • Plan recommendations that may be suitable for your needs
  • Free house calls and virtual visits are provided with some plans.
  • The only health insurer that AARP collaborates with.

Cons 

  • More expensive in some covers
  • Slightly poor customer service

2. Kaiser Permanente 

 

When it comes to managed care, Kaiser Permanente is regarded as an innovator and national leader. It has the highest percentage of Medicare Advantage plans with five stars of any carrier, and it also performs well on other quality indicators, making it the second best health insurance company in the USA.

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Many Kaiser plans are a great deal because of the low-cost options offered in eight states and the District of Columbia under these extraordinarily high-quality plans. The quality of the offered plans makes up for the fact that you can only choose an HMO or a Special Needs Plan (if you qualify).

The CMS Star Ratings frequently provide Kaiser plans with a high-performance grade. When you enroll in Kaiser, you can be sure that you are obtaining a high-quality health plan.

For 2022, the majority of Kaiser Medicare Advantage plans offer monthly rates of around $50 and no impressively affordable deductible. If Kaiser Permanente is offered in your area, it’s a fantastic choice for its continuously top-notch Medicare Advantage plans with affordable alternatives. 

If you’re fine with an HMO that offers comprehensive coverage and doesn’t require stand-alone supplemental insurance, Kaiser might be the best option for you.

Pros

  • High-quality plans with Medicare Advantage
  • Very affordable insurance options
  • Ease of service using Kaiser’s healthcare providers and facilities

Cons

  • Not available in every region
  • Very few available plans

3. Aetna 

 

The third best health insurance company in the USA is Aetna. In terms of direct writing premiums and membership, Aetna is the third-largest health insurance. With a substantial and expanding presence in the Medicare market, it also has the sixth-largest market share in the United States. 

Since being acquired by CVS Health, they have additional potential to enhance service and value for customers despite being the middle of the road among the leading companies for service quality and satisfaction. Aetna unveiled a brand-new, low-premium stand-alone prescription medication plan in 2021. Today this plan still has the lowest monthly premium across all 50 states at less than $8. 

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Several CVS store outlets allow members to pay their insurance bills. Members can settle their health coverage payment with cash, credit, or debit cards using the “Pay at the Store” barcode, just like they would for any other drugstore transaction. 

Even though overall scores were better due to other factors, numerous Aetna subsidiaries received a four out of five rating from customers for their health plans according to the NCQA evaluations.

Pros

  • Prescription drugs plans have low premiums
  • Medicare Advantage plans have $0 premiums
  • Wide range of extra benefits
  • Premiums can be paid at select CVS locations

Cons

  •  Average customer satisfaction
  • Several plans have low ratings

4. Humana

 

Humana is the fourth best health insurance company in the USA. Care for aging Americans is a core competency of Humana and they provide the most comprehensive geographic coverage of any insurer and a variety of Medicare options. Humana is not only among the largest Medicare plans but also among the best in general; however, verifying the ratings of your selections is crucial because not all of their subsidiaries rank as well for quality or customer happiness.

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They also provide a variety of options to register for and make use of the plan and dynamic methods of communication, including online tools and mobile apps. Along with health and wellness initiatives, Humana also provides several other advantages. The majority of Medicare Advantage plans provide additional benefits including hearing aids, over-the-counter drugs, food benefits, fitness, dental, and vision coverage, among others.

Humana Medicare plans are offered in every single state of the US and more counties than any other insurer provide Humana’s Medicare Advantage (84 percent of counties). Many Humana plans receive high marks for quality and customer satisfaction. 

When members fill their prescriptions at Walmart shops, they pay less because of Humana’s co-branded, reasonably priced Stand-alone Prescription Drug Plan. Lastly, Humana Pharmacy, the top-rated mail-order prescription service is available to all Humana Medicare customers with prescription drug coverage with mail-order benefits.

Pros

  • Available in every state across the country
  • High-quality and top-rated plans
  • Some prescription drug plans have reduced pricing at Walmart
  • They use Humana Pharmacy which is the best for mail-order prescriptions

Cons

  • Some plans have low customer satisfaction
  • Internal organization inconsistencies

5.  Cigna

 

One of the biggest and oldest health insurers in the country with a presence outside is Cigna and it is next on our list of the best insurance companies in the USA. The scope of Cigna includes Medicare Advantage, where it is also in the top 10 plans in terms of enrollment. 

Cigna offers a variety of Medicare policies, including Prescription Drug Plans with nationwide coverage and Medigap Plans with almost nationwide coverage. Only 18 states, however, offer Cigna’s Medicare Advantage plans. The cost of Cigna plans varies, although they are not often the cheapest.

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Members of Cigna Medicare Advantage can use MDLive at any time to consult with a doctor and for persons who are eligible for both Medicare and Medicaid, Cigna offers Dual-eligible Special Needs Plans. It also provides institutional special needs coverage and chronic special needs plans, which are less common among insurers.

Cigna places a strong emphasis on its case management, medication management, and mental health services created for members with complex medical needs.

Overall, Cigna offers high-quality plans with extensive supplementary perks and online services. It might be a fantastic alternative in those states where it is available, but to be sure the options in your area are affordable, examine the local plan details for precise fees and quality.

Pros

  • Availability of diverse special needs plans
  • Comprehensive support system for those with complex needs
  • A wide range of  services are available online and through the mobile app
  • 24/7 access to telehealth

Cons

  • Plans can be more expensive
  • A good number of plans have an average rating

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

6. Blue Cross Blue Shield

 

Next on the list of best health insurance companies in the USA is Blue Cross Blue Shield. Blue Cross Blue Shield is an organization of 36 independent Blue Cross Blue Shield (BCBS) health insurance firms rather than a single health plan.

Many of BCBS’ linked plans have a lengthy history and are reputable. Although not all BCBS plans are created equal in terms of cost or quality, you are likely to discover a reliable BCBS choice in your area because of the company’s widespread availability.

Nearly one in three Americans are covered by BCBS plans, which are available in every state. It has a broad network of healthcare providers with more than 90% of physicians and hospitals nationwide under contract with BCBS companies as a whole.

Additional advantages and the Blue365 discount program are available to Medicare members through some BCBS plans. The Blue365 program offers savings on goods and services related to health and wellness. Dental, vision, hearing, over-the-counter, telemedicine, and fitness benefits are also included in several BCBS plans. 

Pros

  • Available in every single state
  • Availability of a vast network of healthcare providers
  • Several Medicare insurance options are available
  • Blue365 discount program and additional added advantages

Cons

  • Each BCBS plan operates independently
  • Average quality ratings

7. Allwell (Centene Corporation)

 

Allwell is the next best health insurance company in the USA. It is one of the Medicare Advantage brands run by Centene Corporation, a national health organization that focuses on government-sponsored programs like Medicaid and Medicare. Allwell provides Medicare Advantage via state-specific health plans in 18 states.

It provides a standard selection of added perks and a few more affordable plan options. Allwell largely abstains from participating in accepted industry quality ratings, making it challenging to compare its level of excellence to that of the competition.

Each Allwell plan includes a distinctive regional brand, online presence, and customer support. This state-specific strategy ensures that you may get the information and service you require in your home state, but it can also result in a disjointed online experience if you’re attempting to get a glimpse into the organization as a whole.

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

While supplemental benefits differ by state and plan, Allwell provides a nice selection of member incentives. Members may receive meal, transportation, and over-the-counter additional help in addition to telemedicine, dentistry, vision, and hearing services. My Health Pay, another service provided by Allwell, offers monetary incentives for adopting healthy habits. 

Pros

  • Member of the largest Medicare Advantage insurer in the USA
  • Services are branded to specific states
  • A plethora of added benefits

Cons

  • Quite below average ratings from known accreditation agencies
  • No independent Prescription Drug Plans
  • No uniform online experience

8. Anthem

 

With additional benefits and competitive customer service alternatives, Anthem provides a wide selection of plan options across a sizable geographic area, making it eighth on the list of the best health insurance companies in the USA.

With a few exceptions, the plans offered by Anthem have generally favorable quality ratings from CMS. It is challenging to compare Anthem plans to those of other national competitors because NCQA, one of the major health insurance certifying authorities, has not evaluated them.

Even with a few superlatives, its plans are worth studying and taking into consideration. Anthem provides several Medicare Advantage plans along with supplemental insurance options, such as standalone dental and vision coverage—plans that other insurers only provide in conjunction with Medicare Advantage plans.

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Anthem also provides caregivers of Anthem Medicare members with log-in to the member’s account so the caregiver can manage the member’s medications, pay bills, and examine claims. This increases ease especially for aged people.

Anthem provides free virtual visits through LiveHealth Online, a 24/7 Nurse Line, and pharmacy support for Medicare Advantage participants. Although Anthem is a sizable insurer with a big geographic reach, it only provides Medicare plans in 14 states and manages Blue Cross Blue Shield policies in many more, which is somewhat of a downside.

Pros

  • Diverse coverage options to choose from
  • Free virtual visits of members of Medicare Advantage
  • Resourced caregivers

Cons

  • Only available in a few state
  • Lower quality of service overall

9. Oscar 

 

Oscar, a healthcare startup focused on technology, was only established in 2012, therefore it lacks the lengthy background of some of its rivals but still finds its way to this list of best health insurance companies in the USA.

They provide services to over a million members spread across 607 counties and 22 states. This implies that although their coverage region is still constrained if you live in one of those places, you might still find their plans to be worthwhile.

One of the prominent strengths of Oscar is its digital healthcare experience, which makes things convenient through a mobile app and the option to schedule medical consultations over the phone or video.

With the use of their mobile app, Oscar makes it simple for users to manage a digital ID card, schedule appointments, and locate in-network providers. Preventative care and prescription renewals are things you can handle over the phone or through video chat. You can also schedule an infinite number of virtual visits for nothing with Oscar’s Virtual Urgent Care and Virtual Primary Care.

You might be able to purchase an ACA-compliant plan through Oscar that is made cheaper by healthcare subsidies depending on where you reside.

Pros

  • The use of digital health services
  • Free medical consultation app
  • In places with eligibility for coverage, ACA-compliant plans are offered.

Cons

  • A shorter history than most of its competitors
  • Plans available only in 22 states

10. Molina 

Last on the list of best health insurance companies in the USA is Molina Healthcare, a health insurance provider with an emphasis on people who receive government help. The 1980-founded business’s several state firms have their own ratings from AM Best. 

The ratings are typically less favorable than those of the other listed insurers, indicating some degree of financial fragility. 

Top 10 Best Health Insurance Companies In USA With Pros and Cons (2022)

Low-income families’ access to affordable healthcare is a priority for Molina Healthcare. If you’re self-employed and having trouble making ends meet, you might be eligible for Medicaid, which Molina offers a wide range of benefits. 

Illinois residents who meet the requirements may also sign up for the Molina Dual Options plan, which coordinates Medicaid and Medicare benefits. Considering that many Molina plans are HMOs, many services will require a copay that must be paid at the time of service.

Pros

  • Free yearly examinations
  • 24/7 nurse contact
  • Various forms of coverage are offered

Cons

  • Only 13 states provide ACA-compliant individual and family plans.

Conclusion 

These are the 10 best insurance companies in the USA today. Do well to check each of these firms’ insurance policies in your state before picking which is best for you.


AllInsuranceHUB is a blog for everyone who seeks an informative, educative, and knowledge-based online insurance and investment community. We share Biographies, Top-notch investment tips, finance news, insurance policy details and much more. You can read and share thoughts, ideas, and opinions on the finance market and get real-time updates from around the globe.

IBEH C. JOE

Financial analyst, Entrepreneur, Blogger and Business model

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