Health insurance companies offer insurance plans to patients who need to purchase individual health insurance for themselves and their families. Health insurance can help to defray medical costs if you become sick or injured. The region you live in will determine which health insurers you have access to, and coverage options vary from state to state.
The best health insurance companies have high ratings when it comes to financial strength, customer service ratings, claims service, plan prices, policy offerings, coverage benefits, and provider choices. There is no one “best” health insurance company, but the best one for you will depend on the type of private insurance you need, your budget, and what is available in your area.
Kaiser Permanente Health Insurance
Kaiser Permanente is a trusted name in health insurance. It offers medical care through its managed care organization and network of Kaiser Foundation hospitals and medical centers. It has won numerous customer service awards from J.D. Power & Associates.3
Kaiser Permanente offers private insurance to residents of California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington, and Washington D.C. Its network includes more than 23,000 participating physicians.
Blue Cross Blue Shield
The Blue Cross Blue Shield (BCBS) Association offers private insurance coverage in the United States and over 170 countries. Over 110 million Americans have their health insurance through a BCBS organization. There are 35 BCBS independent health insurance companies in the U.S., and most have an AM Best financial strength rating of “A” (excellent).6
The HMO plans offer the most comprehensive plans at the greatest savings but limit doctor choices to those inside the HMO. The EPO plan uses select provider networks and incorporates policies that promote and manage member health care. On the other hand, the PPO plans offer more flexibility with a great number of participating doctors.
UnitedHealthCare Health Insurance
UnitedHealthcare (UHC) has an “A” (excellent) financial strength rating from AM Best and is a part of UnitedHealth Group, which is the largest health insurer in the U.S.89 It offers individual insurance that meets the Affordable Care Act (ACA) requirements for essential care.
A real standout feature for UHC members is the access to online care, including the ability to order prescriptions online, speak with a nurse via a hotline, and participate in online wellness information. Members can also go online 24/7 to find doctors and set up appointments, file claims, and even speak with a doctor through a mobile device. It even has a mobile app, so you can use these resources on the go.
Aetna Health Insurance
Aetna has an excellent reputation and is one of the largest health insurers in the U.S. It has an AM Best “A” (excellent) financial strength rating.11 Aetna was acquired by CVS Health in 2018, but still provides employer health plans to residents of all 50 U.S. states. Aetna does not offer private, individual insurance but does offer Medicare, Medicaid, employer plans, and student plans. Members also have access to HSA plans (available for high-deductible plans).
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There is a large provider network, so members will be able to find an Aetna-approved provider no matter the part of the country they reside in. Network plan options allow members to see an in-network doctor or a licensed doctor, although seeing a network doctor will provide the greatest savings.
Cigna
Cigna is a global health insurance provider and offers private insurance in 13 U.S. states: Arizona, Colorado, Florida, Georgia, Illinois, Kansas, Mississippi, Missouri, North Carolina, Pennsylvania, Tennessee, Utah, and Virginia. It has an “A” (excellent) financial strength rating from AM Best.13 Referrals for out-of-network care may or may not be required depending on your plan. The greatest savings are realized by using an in-network provider.
Plan options, deductibles, and co-pay options vary by state. High-deductible plans are available along with HSA plan options. Policyholders can search plan network doctors, estimate costs, check claims status, and get insurance ID cards all online.
Molina Healthcare
Molina Healthcare serves 18 states, but only offers private health insurance to residents in California, Florida, Michigan, Mississippi, New Mexico, Ohio, South Carolina, Texas, Utah, Washington, and Wisconsin. It insures more than 4.6 million members across the United States. Coverage options, plan choices, and benefits vary by state. Many of its health plans come with low co-pays and cover essential medical care such as prenatal. Emergency services, hospital care, vaccinations, lab tests/x-rays, prescription drugs, doctor’s visits, and vision insurance.
Molina has some excellent perks, 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.
Conclusion
There are plenty of health insurance plans to choose from, but which ones are available to you will depend on where you live. The best insurance plans feature affordable monthly premiums, low deductibles, and high customer satisfaction ratings. Our overall pick for the best health insurance provider is Kaiser Permanente.
Available in California, Colorado, Georgia, Hawaii, Oregon, Washington, Maryland, and Virginia, plans from Kaiser Permanente come highly rates by J.D. Power. Kaiser Permanente has a history of strong customer service and also comes with HSA options.