By Giacomo Palermo
here are several health insurance carriers in the country and still, it is sad to see that not everyone are able to fully protect themselves and their family from medical emergencies due to the rising cost of health coverage. Good for those who enjoy the opportunity to be part of group health insurance as they pay low or nothing at all. For most Americans, it is a shoo-in for individual health insurance, or nothing at all.
While individual health insurance can be more costly than group health insurance, it would be more costly not to have any coverage at all. To make the search for the perfect medical insurance carriers easier, it would be ideal to check out their backgrounds and what they can offer to their customers.
Here are the top medical insurance carriers as rated by the National Association of Insurance Commissioners based on market share:
The UnitedHealth Group is comprised of UnitedHealthcare, one of the many medical insurance carriers that serve millions of customers all over the United States. The Group offers healthcare plans that provide access to high-quality healthcare not limited to the 50 states but also in other international markets. The union of UnitedHealthcare and Golden Rule Insurance Company in 2003 has led to the provision of health insurance solutions and innovative health insurance products to many families. One of the many criticisms lodged against medical insurance carriers is the processing speed of claims. This company is proud of being able to process 94 percent of all health insurance claims in ten business days or even fewer. Medical insurance providers like United provide a toll-free customer service line for consumer inquiries.
Amongst all the other medical insurance carriers, WellPoint has the biggest membership of 34 million for its affiliated health plans. The company provides health benefit solutions and products including long-term health insurance, life and disability insurance and behavioral health assistance services along with others. Health coverage is supplied by this company to over 30 million members through the Blue Cross and Blue Shield name. It provides a variety of health plans including indemnity, HMO, PPO, hybrid plans for businesses, and recipients of Medicaid and Medicare. WellPoint has 37,500 employees as of 2010.
Kaiser Foundation Group
The Kaiser Foundation Group includes Kaiser Permanente which in turn is composed of the Kaiser Foundation Health Plans, Kaiser Foundation Hospitals and the Permanente Medical Groups. With at least 8.7 million members in the District of Columbia and nine states, Kaiser is respected as the largest non-profit health plan in the US. It is famous for offering an integrated health care delivery model to its members including emergency care, well-baby and prenatal care, pre-emptive care, pharmacy services, hospital visits and medical services. It has a network of 32 medical centers, 416 medical offices and 13,729 doctors.
Aetna is one of the healthcare leaders amongst the many medical insurance carriers in the United States. They provide employee benefits, disability coverage, group life, pharmacy and dental plans. Aetna is supported by 154 years of heritage, having been created in 1850. It has a total of 34,024 employees and covers all 50 states. This firm has 16.6 million members and has a network of 4771 hospitals and over 470,000 doctors and specialists.
HumanaOne provides inexpensive health coverage and targets recent college graduates, early retirees, entrepreneurs and those who are not covered by work. It aims to make insurance plans more affordable to these sectors by providing low insurance costs of up to 50 percent. As one of the largest publicly-traded health insurance providers in the country, HumanaOne has a network of over 3,000 hospitals, over 350,000 medical providers and over 50,000 pharmacies all over the United States.
Knowing about the leading medical insurance providers will give consumers an idea of what to look for while selecting their own medical insurance carriers including the quality of health insurance provided, costs, and the total network of the provider.
Giacomo Palermo is an insurance expert who has helped and serviced individuals and residents in getting affordable, competitive California health insurance for the unemployed and information on medical insurance carriers for the past 20+ years.