Health they say is wealth but a lot of us take this saying for granted. Contrary to misconceptions, getting a health insurance plan is a way of cutting costs. This is because health insurance plans cover all medical-related expenses.
The health insurance coverage covers partial or full medical expenses accumulated by the insured person. There are various health insurance plans you could opt for which includes Traditional Indemnity Plans also called fee for services plan, Preferred Providers Organisation (PPO) plans, Point Of Service (POS) plans, and HMO which stands for Health Maintenance Organization. HMO is a type of health insurance plan that provides health services through a network of doctors for an annual fee. As for those who are unsure about getting a health insurance plan due to costs, the average cost of health insurance plan is 440 dollars per month for single premium coverage while for family coverage Premium costs 1,168 dollars per month. This information is in accordance with the data gathered by eHealth. Now you can plan your income and get to buy your insurance plan. You don’t have to get coverage through your employer. You might still have the option of getting employer-sponsored health insurance which is called group insurance depending on where you work.
Below, I will be making a list of the 10 best health insurance companies and their areas of expertise.
- AETNA (best for medical advantage)
- BLUE CROSS/ BLUE SHIELD (best for nationwide coverage)
- CIGNA HEALTH INSURANCE (best for telehealthcare)
- HUMANA (best for wrap around or umbrella coverage)
- KAISER FOUNDATIONS (best for Healthy savings account HSA options)
- UNITED HEALTH CARE SERVICES INC (well known for the tech-forward)
- MOLINA HEALTH CARE (best for wellness and preventive care)
- HEALTH CARE SERVICE CORPORATION(HCSC)- best for healthy living programs
- MIDWEST HEALTH PARTNERS
- HARVARD PILGRIM HEALTHCARE
Now I’ll proceed to explain in no particular order, their various plans, services, and benefits.
HEALTH CARE SERVICE CORPORATION
Health care service corporation(HCSC) was founded in the year 1936 and provides services to more than 15 million members in different states of the US which includes Illinois, Montana, New Mexico, Oklahoma, and Texas. HSCS has an A-excellent in financial strength rating from A.M Best and is the largest customer-owned health insurer in the US. They offer a wide variety of Health Insurance Programs through its affiliates and subsidiary companies. Plans and coverage options vary by state.
smoking cessation support, weight-loss programs, and 24/7 nurse hotline are all healthy living programs accessible online. Mobile alerts are also available to members through claims, information notification, exercise and fitness tips, prescription drug reminder, diabetes diet tips, and heart-healthy diet management and care tips.
Molina healthcare insures more than 3.4 million members across over 15 states of the United States of America. Washington DC, New York, Ohio, Mississippi, Puerto Rico, Texas, Utah, California, South Carolina, New Mexico, and Illinois. Plan choices, coverage options, and benefits vary by state. Most of their health plans cover essential medical care such as prenatal, emergency services, hospital care, vaccinations, lab tests, x-rays, prescription drugs, doctor visits, and vision insurance. Their plans come with no co-pay.
Molina healthcare has some excellent side attractions which are wellness care, and preventive health care services for its health insurance members including adult immunizations, adult preventive services, child and adolescent immunizations, pediatric preventive health care prenatal and postnatal care. Molina’s investors’ services recently upgraded its financial strength ratings and their wellness and preventive care services are top-notch.
Aetna healthcare is a large provider of employer-based health insurance. Besides the Columbia district, 43 Aetna Medicare advantage plans are also sold in 37 states. Aetna received top NCQA ratings. Aetna Medicare advantage is available in various counties across the country, providing millions more Medicare beneficiaries access to an Aetna plan. The insurer also sells Medicare Supplemental Medicare insurance in most states. The company no longer sells individual insurance plans.
Recently, Aetna became part of CVS Health Company and synergies between the two are starting to emerge. for instance, subscribers to Aetna medical plan with high blood pressure can get a free home monitor at CVS stores.
BLUE CROSS/ BLUE SHIELD
Blue Cross is also known as Blue Shield is best for Nationwide coverage. They offer health insurance plans in the 50 states of the US. The names of various state plans include Anthem, Independence, Hawaii Medical Services, high mark, and Wellmark. Companies under Blue Cross have good financial ratings.
CIGNA HEALTH INSURANCE
Cigna Health Insurance tops the list for international coverage. Cigna has more than 95 million customers with a reach of 1.5 million global network health professionals. Cigna also has access to specialist doctors in more than 200 countries They provide services in over 170 languages. Also, they recently merged with Express Scripts. The J.D Power Survey named Cigna has the top performer when it comes to customer satisfaction in South Central and New Jersey. ACIS also stated that the Cigna complaint rate in the industry is at the lowest among others. Cigna sells medical plans in 12 states and dental plans in all 50 states of the US. They also offer individual plans and has entered 19 new markets.
Humana is a broad-based health and well-being company. Health insurance policies don’t usually cover such expenses as eyeglasses and contacts, dental exams, crowns, and appliances or prescription drugs. The company has a range of plans for people living with chronic conditions that include transitions from a hospital to stay home care. Humana is also among the companies that offer special needs policies for people with severe or disabling chronic conditions. They no longer offer insurance on healthcare.gov. Humana is rated highest for providing good access to primary and specialty care by consumers and their HMO plans are relatively affordable.
Kaiser Foundation is all but good news for those needing budget health insurance because HMO premiums are generally lower there is often no deductible, and co-pays and prescription drug costs may also be lower. They score quite high on the percent of patients receiving screenings, immunizations, and other preventive services and on the treatment of chronic and acute health conditions. Kaiser’s policies have relatively low premiums.
UNITED HEALTHCARE SERVICES INC
United healthcare offers the full spectrum of health benefit programs for individuals employers, and Medicare and Medicaid beneficiaries. Both HMO and PPO plans are available with access to healthcare savings accounts(HSA) and flexible spending accounts (FSA). Its policies may cost a bit more than some of its competitors but it sure is worth it considering its extra features.
MIDWEST HEALTH PARTNERS
Under the name of Group Health Plan and HealthPartners, this company sells Medicare plans in Minnesota and Pennsylvania. All its private plans garnered 4.5 overall scores. These plans also scored very well in prevention and treatment.
HARVARD PILGRIM HEALTH CARE
Harvard pilgrim healthcare is a non-profit company that has 2 4.5 rated plans. One of these plans also scored an impressive 4.5 on prevention and the other a 4.0. the Harvard Pilgrim choice plus and options PPO plans are offered jointly by Harvard pilgrim and united healthcare allowing members access to a network of half a million doctors nationwide, varieties of hospitals and flexible health benefits.
so there you have it, the 10 BEST health insurance companies explained in details, incase you’re looking to get yourself, family and friends insured with any of their available health insurance plan.