Introduction
Getting health insurance coverage is important however, more important is which company to invest in, for your insurance! Over the years we have seen many insurance companies coming up in the market with each company offering a wide range of products and coverage plans.
As everyone knows, getting health insurance is always a major decision to make. This is because you are going to be investing your money in it. Therefore, you might have to carefully consider and weigh your options before saying yes! This does not just involve the company alone but also involves the other important factors. For instance, which coverage plan should you opt for and whether you are going for individual or family healthcare coverages!
Which Insurance coverage suits you best?
Once you decide on the insurance company to invest in, the next vital step is to decide on what type of coverage plan suits you best! So, basically in every insurance company, you will find health insurance coverage categorized into four different types of plans namely: Bronze, Silver, Gold, and Platinum.
Bronze
Just as the name suggests, this is the lowest monthly premium with highest costs. This plan suits best for people looking for a low-cost option to cover their medical expenses for any serious injuries and illnesses. And although the monthly premium will be low, the benefactor of the insurance will have to pay for most of the routine care by themselves. This can be totaled up to thousands of dollars in a year!
Check Out Affordable Health Insurance For US citizens!
Silver
This is a moderate monthly premium where the costs are lower than those of bronze plan. It is important to note that, you can opt for this silver plan if you qualify for cost sharing reductions. Therefore, you can save up to thousands of dollars every year to cover more expenses of your routine care visits!
Gold
The gold plan is a high monthly premium. But, the good thing about this plan is that the expenses and costs of medical care will be low. You may have to pay extra insurance every month. However, you should opt for this plan if you get medical care on a regular basis. This will help to reduce the costs of your medical treatments!
Platinum
This is the highest monthly premium with the lowest costs for your medical care. Monthly investments are high, but this comes to handy when you need emergency medical attention for any big treatments or surgeries as the insurance will cover most of the costs!
The different categories of health plans shown above are a general idea of how you can choose the appropriate plan best suited for you!
7 Top health insurance companies to invest in!
There is no doubt that the United States has some biggest well-known insurance companies offering a variety of products and services. And, this includes individual and group health insurance coverage plans, Medicaid and Medicare policies, and dental and vision benefits.
Obama Healthcare
In other terms, Obama Healthcare refers to the Affordable Care Act. The Patient Protection and Affordable Care Act was the initial name for this act. However, for various reasons, it is commonly referred to as Obamacare.
The establishment of this law was a huge benefit for all middle- and low-income families who were frequently concerned about their health insurance and how to pay for it.
Obamacare was created with the goal of providing health insurance coverage to all Americans. Here is why, today, millions of Americans have benefited from this plan. It provided many people with health insurance at quite a minimal cost!
Check Out How You Can Qualify For ObamaCare!
United Health Group
United Health Group is one of the oldest running health group that has been in existence since 1977. It’s headquarters is at Minnesota in the United States. Although the company has been in the market for decades, it was not until 2007 that the revenue of the healthcare group steadily rose in the market!
At United Healthcare, you will find a variety of health care products as well as insurance coverages in over 50 states in the United States. The company offers diversified healthcare services that can be accessible by all. From individual health insurance to a full employer benefit plan of a multinational corporation!
As of 2020, studies show that the United Healthcare group contributes about 14.4 percent share of the United States health insurance market. Thus, it is generating revenue of about 119.3 billion dollars. This makes it the largest provider of healthcare insurance companies in the United States insurance market! Another remarkable feat made by the company was when the membership reached to approximately 70 million that particular year!
Anthem
Anthem has been selected as the second largest medical insurance company with more than 45 million members! The company offers various healthcare benefits from large to small enterprises, individuals, and Medicare and Medicaid health services as well. Anthem is an extension company of the Blue Cross Blue Shield Association.
At Anthem, you may find the BCBS trademark while availing their services. However, all resources provided are produced by Anthem and not BCBS! Here, you will get many plans to choose from, at reasonable monthly rates. Its members having access to many other useful resources and digital tools. The company is currently operating in states like California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia, and Wisconsin.
CVS Health
Consumer Value Stores or CVS Health in short is one of the oldest and most famous healthcare companies. It is known for its innovative nature to help all people get better opportunities and approaches at healthcare.
Cigna
Cigna is another major medical insurance company whose headquarters are at Bloomfield in the United States. It is one of the largest companies, that are notorious for offering a wide range of health insurance and health services to companies all over the world.
Cigna also offers corporate health insurance policies and management of those plans and cover additional health-related problems. This includes dental, vision, behavioral health, supplemental health and other benefits that comes under Medicare or Medicaid health plans.
Kaiser Foundation
Kaiser Foundation is a non-profit healthcare organization. This is another such insurance company serving clients based in the United States where one can avail healthcare coverage on medical treatments. For instance, cardiology, oncology, audiology, dermatology, hospice, allergy, laboratory, nephrology, pediatric rehabilitation, occupational therapy, pain management, and other pharmacy-related services.
Independence Health Group
The Independent Health Group is another premium insurance company with its headquarters in Philadelphia. Its subsidiaries spread across 27 states in the United States and boast of about 10 million clients. It serves various groups, from small and medium-sized companies to multinational corporations. At Independence Health Group, they provide services such as commercial, Medicare, and Medicaid coverage, pharmacy benefits management, workers’ compensation, and third-party benefits administration.
