If you are looking to purchase a new health insurance plan, you should know what other health insurance companies in the USA are available. Besides Blue Cross Blue Shield, there are several other health insurance companies that you may be considering. These companies include Humana, Cigna, and Anthem.
Blue Cross Blue Shield
When it comes to list of health insurance companies in the United States, Blue Cross Blue Shield comes to mind. These are among the largest companies, and account for almost 50% of the market. The remaining half is split among more than 900 health insurance companies. While size does matter when comparing health insurance companies, it doesn’t tell you a lot about how well they serve their customers.
Blue Cross Blue Shield has been providing healthcare coverage for members since 1929. They strive to provide a personalized approach to healthcare, working with doctors and hospitals in the communities they serve. These companies offer nationwide health insurance coverage and cover 114.5 million people in all 50 states, Washington D.C., and Puerto Rico. Additionally, they have contracts with more health care providers than any other insurer.
Humana
If you’re looking for a good health insurance plan, Humana is one of the companies to consider. Founded in 1961, Humana has become one of the largest health insurers in the USA, providing coverage to millions of people. The company has annual revenue of tens of billions of dollars, and sells health insurance and other related products in all 50 states. In 2011, Humana regained a five-year contract to administer medical benefits for the Department of Defense Military Health System TRICARE South Region. That contract, valued at $23.5 billion, was later transferred to Humana’s new TRICARE East region.
In a recent study, Humana was rated fourth in overall customer satisfaction among Medicare Advantage plans by J.D. Power. This ranking is based on more than 2,000 member reviews. The company was praised for its customer service representatives, low deductibles, zero-dollar premiums, and extensive network of providers. In addition, Humana earned a four-star rating by Consumer Affairs, which rates health plans on a five-star quality system. In addition to financial health, the agency takes into account member complaints in the overall rating process.
Cigna
When people think of health insurance companies in the USA, Cigna is among the top contenders. Cigna offers Medicare and Medicaid products, health insurance coverages, and supplemental health benefits to businesses worldwide. Cigna also provides dental, vision, and behavioral health benefits. In addition to these offerings, Cigna also offers individual health insurance in 13 states. It is also a provider of Medicare Advantage plans in 16 states.
Cigna’s plan costs vary depending on the level of coverage and deductibles you choose. Higher deductibles lower premiums, but higher co-insurance costs will increase your monthly premiums. The company also offers monthly, quarterly, and yearly payment plans. It accepts credit cards, debit cards, and bank wire transfers.
Anthem
If you have health insurance in the USA, chances are that Anthem health insurance company comes to mind. The company is the second largest medical insurance provider in the country, with more than 45 million members. It provides network-based care to individuals, small businesses, and those on Medicaid and Medicare. It is a member of the Blue Cross Blue Shield Association. The company is headquartered in California, but also operates in New Hampshire, New York, and Virginia.
However, Anthem is facing a growing problem: it has been unable to manage claims quickly and has a complicated and unorganized network of practices. It has slowed payments to hospitals and doctors by billions of dollars due to computer problems and mishandled claims. The company is also struggling financially.