US Health Insurance Companies 2022 - Love Dose - Spread More Love

US Health Insurance Companies 2022

us health insurance
us health insurance

2022's Largest Health Insurance Companies - UnitedHealth Group, Anthem, Centene, Humana, and Health Care Service Corp. are the largest health insurers by market share (HCSC). These corporations collectively control roughly 46% of the health insurance market.

Individuals and businesses can get basic health insurance from any of these companies, as well as extra services including Medicaid and Medicare policies, long-term care insurance, dental insurance, and vision coverage.

UnitedHealth Group, Anthem, Aetna, Cigna, and Humana are the five largest health insurance companies by the membership.

By state, the largest significant medical insurance provider:- If you do not have health insurance via your workplace or a government supported program like Medicaid or Medicare, you can purchase individual health insurance policies through the health insurance marketplace. The health insurance marketplace registered 13.6 million individuals in plans in 2021. By overall market share, the largest health insurance provider in each state is listed below.

StateCompany
AlabamaBlue Cross Blue Shield of Alabama
AlaskaPremera Blue Cross
ArizonaBlue Cross Blue Shield of Arizona
ArkansasArkansas Blue Cross Blue Shield
CaliforniaAnthem Inc.
ColoradoAnthem Inc.
ConnecticutAnthem Inc.
DelawareHighmark
District of ColumbiaCareFirst
FloridaGuideWell
GeorgiaAnthem Inc.
HawaiiHawaii Medical Service Association
IdahoUnitedHealth Group
IllinoisHealth Care Service Corp.
IndianaAnthem Inc.
IowaWellmark Inc.
KansasCentene Corp.
KentuckyAnthem Inc.
LouisianaUnitedHealth Group
MaineAnthem Inc.
MarylandCareFirst
MassachusettsBlue Cross Blue Shield of Massachusetts
MichiganBlue Cross Blue Shield of Michigan
MinnesotaBlue Cross and Blue Shield of Minnesota
MississippiBlue Cross & Blue Shield of Mississippi
MissouriAnthem Inc.
MontanaHealth Care Service Corp.
NebraskaUnitedHealth Group
NevadaUnitedHealth Group
New HampshireAnthem Inc.
New JerseyCigna Corp.
New MexicoPresbyterian Healthcare Services
New YorkUnitedHealth Group
North CarolinaBlue Cross Blue Shield of North Carolina
North DakotaBlue Cross Blue Shield of North Dakota
OhioAnthem Inc.
OklahomaHealth Care Service Corp.
OregonPacificSource
PennsylvaniaUPMC Health Plan
Rhode IslandBlue Cross and Blue Shield of Rhode Island
South CarolinaBlue Cross Blue Shield of South Carolina
South DakotaWellmark Inc.
TennesseeBlue Cross Blue Shield of Tennessee
TexasHealth Care Service Corp.
UtahIntermountain Healthcare
VermontBlue Cross Blue Shield of Vermont
VirginiaAnthem Inc.
WashingtonMolina Healthcare Inc.
West VirginiaCVS Health
WisconsinAnthem Inc.
WyomingBlue Cross Blue Shield of Wyoming

What are the most well-known health-insurance firms?

Well-known insurance providers are among the largest health insurance firms in the United States. Many of these businesses provide a wide range of health-related products, while others specialize in certain areas. Humana, for example, currently sells exclusively Medicare plans to new members while continuing to serve its existing Affordable Care Act (ACA) policies.

The largest health insurance provider is defined as the organization with the most members. Also termed covered lives, membership indicates the number of individuals who are enrolled in a health insurance plan with that provider. A health insurance policy can be obtained in a variety of ways. Your employer's benefit plan, for example, may include health insurance coverage. Among the other options are:

  • Plans for Medicare and retirement
  • Services provided by Medicaid
  • Health insurance for individuals

UnitedHealth Group

UnitedHealthcare, part of UnitedHealth Group, is the largest health insurance provider by total members. UnitedHealthcare provides a wide range of products, from individual health insurance to full-fledged employee benefit plans for some of the world's largest companies. Furthermore, its policies can be purchased in all 50 states. The headquarters of UnitedHealthcare is in Minnetonka, Minnesota.

UnitedHealthcare, in addition to having the most members, has a network of over 1.3 million physicians and health care professionals, as well as over 6,500 hospitals. This implies that if you have UnitedHealthcare, you will have a wide range of treatment options.

Anthem

With over 45 million members, Anthem is the second-largest health coverage provider by the total population. Large and small companies, individuals, and Medicaid and Medicare markets are all served by the company's Commercial and Business health care section.

The Blue Cross Blue Shield Association owns Anthem. This means that you may come across goods with the BCBS brand when shopping for Anthem insurance on your state marketplace exchange, but you will be purchasing from Anthem.

California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia, and Wisconsin are among the states where the company works.

Aetna

CVS Health Corp. purchased Aetna in 2018. The organization is now run by CVS Health, which has been able to smoothly combine its provider networks with Aetna's membership base. Aetna is the third-largest supplier of health insurance and services by membership, having been founded in 1853. However, a large portion of its membership comes from the private market, where it provides health insurance to corporations and their employees. For the 2022 plan year, Aetna returned to a small number of ACA markets.

Cigna

Cigna is the United States' fourth-largest significant medical insurance provider. Cigna, based in Bloomfield, Connecticut, provides health insurance and health services to businesses all around the world. Cigna provides dental, behavioral health, vision, supplementary health, and Medicare/Medicaid coverage in addition to corporate health insurance policies and plan management.

Humana

Arizona, Colorado, Florida, Georgia, Illinois, Kansas, Mississippi, Missouri, North Carolina, Pennsylvania, Tennessee, Utah, and Virginia are among the 13 states where Cigna offers individual health insurance. Cigna also offers Medicare Advantage plans in 16 states and the District of Columbia.

Humana is the fifth-largest health insurance provider in terms of membership. The company began selling long-term care insurance in 1961 before expanding into selling health insurance products. Since January 2018, Humana has not issued new individual ACA health insurance, but it will continue to recognize current ACA policies. Humana is now primarily focused on the Medicare market, offering either a Medicare Advantage or supplementary plan (or both) in every state.

Rankings of health insurance companies based on revenue - According to our calculations, UnitedHealthcare is the largest health insurance firm in terms of revenue, with a projected total revenue of $286 billion in 2021. As a result, the insurer has the most members, market share, and revenue. In all three categories, Anthem is the second-largest health-care corporation.

Health insurance firms make money through premiums, policy volume, the services they supply and the number of industries they operate in.
RankCompanyRevenue
1UnitedHealth Group$286 billion
2Anthem$138 billion
3Centene$126 billion
4Kaiser Permanente$89 billion
5Humana$83 billion
6CVS Health$61 billion
7HCSC$47 billion
8Molina Healthcare$20 billion
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