Top 10 health insurance companies in the US 2022

Top 10 health insurance companies- Within the US, there are a bunch of personal healthcare insurance coverage specialists. Nonetheless, life/annuity and property/casualty insurers additionally write this protection, also known as accident and medical insurance, as outlined by the Insurance coverage Data Institute.

In 2020, the accident and medical insurance business’s direct written premiums reached $1.25 trillion, up by virtually 84% from $680 billion in 2011. The biggest 10 insurers collectively wrote 55.3% of the full US market, in response to the Nationwide Affiliation of Insurance coverage Commissioners (NAIC).

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Primarily based on NAIC’s 2020 information, listed below are the highest 10 accident and medical insurance teams:

  1. UnitedHealth
    Direct Written Premiums: $176.7 billion
    Market Share: 14.1%

A diversified well-being and well-being firm, UnitedHealth Group’s core capabilities are medical experiences, superior expertise, and information and well-being info.

UnitedHealth Group serves shoppers and shoppers within the US and greater than 130 different international locations using two distinct platforms: UnitedHealthcare offers healthcare protection and advantages providers, whereas Optum offers info and technology-enabled well-being providers.

  1. Kaiser Basis
    Direct Written Premiums: $104.2 billion
    Market Share: 8.3%

Kaiser Basis Wellbeing Plan, Inc. operates as a non-profit healthcare group. The group provides allergy, audiology, cardiology, dermatology, oncology, hospice, laboratory, nephrology, occupational remedy, ache administration, pediatric rehabilitation, and pharmacy providers. The corporate serves sufferers within the US.

  1. Anthem, Inc.
    Direct Written Premiums: $76.9 billion
    Market Share: 6.2%

Anthem, Inc. is a well-being advantage firm that’s dedicated to enhancing lives and communities and making healthcare easier. Anthem, using its affiliated firms, serves greater than 106 million individuals, together with over 42 million inside its household of well-being plans. Its goal is to be probably the most modern, priceless, and inclusive accomplice.

The group’s affiliated well-being plans have created varied HMOs, PPOs, network-based dental merchandise, varied hybrid, and specialty merchandise, and well-being plan providers that mix the attributes shoppers discover by engaging with efficient price management strategies. A variety of associated specialty merchandise and different providers can also be accessible, together with versatile spending accounts and COBRA administration.

  1. Centene Corp
    Direct Written Premiums: $75 billion
    Market Share: 6%

Centene Company, a Fortune 500 firm, is a diversified, multinational healthcare firm offering a portfolio of providers to government-sponsored healthcare packages, specializing in uninsured and underinsured people.

Centene operates native well-being plans and offers a spread of medical insurance options. Additionally, it contracts with different healthcare and business organizations to supply specialty providers, starting from behavioral well being, dental advantages, life and well being, and pharmacy advantages administration to care administration software program, correctional healthcare providers, in-home well-being providers, managed imaginative and prescient, specialty pharmacy, and telehealth providers.

  1. Humana
    Direct Written Premiums: $73.9 billion
    Market Share: 5.9%

Humana’s cultural basis is aligned with serving to members obtain their finest well-being by offering customized, simplified, whole-person healthcare experiences. Recognizing that every individual, household, and group’s healthcare wants to proceed to evolve, Humana creates modern options and sources to assist individuals to dwell their healthiest lives on their phrases – when and the place they want it.

  1. CVS
    Direct Written Premiums: $69 billion
    Market Share: 5.5%

CVS Wellbeing is a healthcare innovation firm to assists individuals on their path to raised well-being. Via its well-being providers, plans, and group pharmacists, it pioneers a brand new strategy to complete well-being.

CVS has greater than 9,900 retail places, almost 1,100 walk-in medical clinics, a pharmacy advantages supervisor with about 100 million plan members, a diversified healthcare advantages firm serving about 23.4 million medical members, a devoted senior pharmacy care enterprise serving a couple of million sufferers per 12 months, increasing specialty pharmacy providers, and a standalone Medicare Half D prescription drug plan.

  1. HCSC
    Direct Written Premiums: $42 billion
    Market Share: 3.4%

Wellbeing Care Service Company (HCSC), a mutual authorized reserve firm, is the most important customer-owned healthcare insurance coverage firm in the US. The corporate serves greater than 16 million members throughout 5 states – Illinois, Montana, New Mexico, Oklahoma, and Texas – and employs greater than 23,000 individuals in over 60 native workplaces.

HCSC provides all kinds of life and medical insurance merchandise and associated providers using its associates and subsidiaries, together with Dearborn Group, Dental Community of America, HCSC Insurance coverage Service Firm, Medecision, Availity, and Prime Therapeutics, and TriWest Healthcare Alliance.

  1. Cigna Wellbeing
    Direct Written Premiums: $31.8 billion
    Market Share: 2.5%

Cigna Company is a worldwide well-being service group with greater than 165 million buyers and affected person relationships in over 30 international locations and jurisdictions. Its insurance policy and merchandise embrace healthcare insurance coverage for people and households, dental insurance policy, Medicare plans, Medicare supplemental plans, different supplemental insurance coverage, and worldwide medical insurance.

  1. Molina Healthcare, Inc.
    Direct Written Premiums: $21.4 billion
    Market Share: 1.7%

Molina Healthcare, a Fortune 500 firm, solely focuses on government-sponsored healthcare packages for certified people and households. The corporate contracts with state governments and serves as a well-being plan offering a variety of high-quality healthcare providers to people and households.

Molina offers well-being plans in California, Florida, Illinois, Michigan, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, and Puerto Rico.

  1. Independence Wellbeing Group
    Direct Written Premiums: $20.1 billion
    Market Share: 1.6%

Philadelphia-headquartered Independence Wellbeing Group, together with its subsidiaries, serves about 10 million shoppers in 27 states and the District of Columbia. 1 / 4 of its buyer community is predicated in southeastern Pennsylvania.

Among the many providers the insurer provides are a business, Medicare and Medicaid protection, pharmacy advantages administration, employees’ compensation, and third-party advantages administration. The corporate is an impartial licensee of the Blue Cross and Blue Defend Affiliation.

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