Home Healthcare Top 10 Accident & Health Insurance Groups in The United States

Top 10 Accident & Health Insurance Groups in The United States

There are several private health insurance groups in the US. However, according to the Insurance Information Institute, this coverage is also written by life/annuity and property/casualty insurers.

Health insurance

Direct written premiums for accident and health insurance hit $1.25 trillion in 2020, up from $680 billion in 2011. According to the National Association of Insurance Commissioners, the top ten insurers wrote 55.3% of the US market (NAIC).

Based on the data from the National Association of Insurance Commissioners (NAIC), below are the top 10 accident and health insurance groups:

1. UnitedHealth

Direct Written Premiums: $176.7 billion
Market Share: 14.1%

UnitedHealth Group is a health and wellness organization, but its primary competencies are clinical know-how, state-of-the-art technology, and relevant data and health information.

The platform that serves customers and consumers in the United States and around the world is called UnitedHealthcare, while the one that serves providers and corporations is called Optum. More than $4 billion is invested in new technologies and procedures, with an average of 1.1 trillion transactions done each year.

2. Kaiser Foundation

Direct Written Premiums: $104.2 billion
Market Share: 8.3%

Kaiser Foundation Health Plan, Inc. is a non-profit healthcare provider. These services are available for those who have allergies, hearing problems, cardiovascular issues, skin issues, medical issues such as cancer and oncology issues, as well as those suffering from the debilitating effects of opioid addiction.

3. Anthem, Inc.

Direct Written Premiums: $76.9 billion
Market Share: 6.2%

The mission of Anthem, Inc. is to make healthcare easier for everyone and improve lives and communities. More than 100 million individuals, including over 42 million who are members of the Anthem family of health plans, benefit from Anthem. It’s dedicated to providing the most innovative, valuable, and inclusive service.

To design innovative plans that meet the demands of the healthcare market, the various affiliated health plans of the group’s provider-linked health plans (such as HMOs, PPOs, network-based dental products, various hybrid and specialty products, and health plan services that combine attractive and effective cost control techniques) have created several different HMOs, PPOs, network-based dental products, various hybrid and specialty products, and health plan services. Members can select basic and elaborate programs to match their unique needs, and employer groups can as well. Furthermore, you can make use of flexible spending accounts and COBRA.

4. Centene Corp

Direct Written Premiums: $75 billion
Market Share: 6%

The multi-faceted, multi-national Centene Corporation is a Fortune 500 corporation that focuses on uninsured and underinsured individuals with government-sponsored healthcare programs. It is headquartered in the US and provides insurance to over 25 million clients.

Centene offers a wide range of health insurance products, and it operates local health plans. Furthermore, it coordinates with other healthcare and commercial organizations to offer a variety of specialized services, including behavioral health, dental benefits, life and health, and pharmacy benefits management to care management software, correctional healthcare services, in-home health services, managed vision, specialty pharmacy, and telehealth services.

5. Humana

Direct Written Premiums: $73.9 billion
Market Share: 5.9%

Humana’s culture is built on helping members get the greatest possible health outcomes, whether that is tailored, simplified, holistic care. In recognition of the fact that healthcare needs change with each individual, family, and community, Humana devises new solutions and services to help people pursue and live their healthiest lifestyles on their terms, whether they need it or not.

6. CVS

Direct Written Premiums: $69 billion
Market Share: 5.5%

CVS Health is a healthcare innovation firm that has a mission to aid individuals on their journey to better health. It pioneers a new approach to complete health, through its health services, plans, and community pharmacists.

CVS has nearly 1,100 walk-in medical clinics, as well as 9,900 retail locations, a pharmacy benefits manager that has about 100 million members in plans, a diversified healthcare benefits company that serves nearly 23.4 million patients per year, expanding specialty pharmacy services, and a Medicare Part D prescription drug plan.

7. Health Care Service Corporation (HCSC)

Direct Written Premiums: $42 billion
Market Share: 3.4%

HCSC, the largest customer-owned healthcare insurance company in the US, is a mutual legal reserve company. More than 16 million members and 23,000 employees are employed at the company’s 60 offices in five states: Illinois, Montana, New Mexico, Oklahoma, and Texas.

Dearborn Group, Dental Network of America, HCSC Insurance Service Company, Medecision, Availity, Prime Therapeutics, and TriWest Healthcare Alliance are HCSC affiliates and subsidiaries.

8. Cigna Health

Direct Written Premiums: $31.8 billion
Market Share: 2.5%

Cigna Corporation is a health service corporation with more than 165 million customer and patient contacts in over 30 countries and jurisdictions. It provides comprehensive health and life insurance policies for individuals and families, as well as various dental and Medicare options.

9. Molina Healthcare, Inc.

Direct Written Premiums: $21.4 billion
Market Share: 1.7%

Molina Healthcare, a Fortune 500 corporation, only focuses on providing health care to qualified individuals and families through government-sponsored programs. The company is hired by state governments to provide health insurance for their residents.

Molina is an insurance provider in California, Florida, Illinois, Michigan, New Mexico, New York, Ohio, South Carolina, Texas, Utah, Washington, Wisconsin, and Puerto Rico. They offer a Medicare-eligible product, and they were selected to participate in Medicaid/Medicare dual demonstration programs.

10. Independence Health Group

Direct Written Premiums: $20.1 billion
Market Share: 1.6%

Independence Health Group, with companies in 27 states and the District of Columbia, services over 10 million people. The Southeast Pennsylvania region accounts for a fifth of the company’s customer base. The company services a wide range of employers, including smaller and midsized businesses, as well as large multinationals.

Commercial, Medicare, and Medicaid coverage, pharmacy benefits management, workers’ compensation, and third-party benefits administration are all among the services the insurer offers. Blue Cross and Blue Shield (BCBS) is the group’s licensor.

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