Top 5 health insurance companies in the US: Today in this blog we will see top 10 health insurance companies in US. Health insurance companies are growing super fast in the U.S. economy. Health and medical insurance industry is almost $1.1 trillion dollar industry in the United States and it is growing every year.
As health insurance plays a very important role and one should get the best health insurance policy for themselves and for the family which can help you in difficult times. So here is the list of top 10 health insurance companies in U.S.
|Company Name||Founded in year|
Top 10 health insurance companies in the US 2021
1) UnitedHealth Group
UnitedHealth company was incorporated in the year 1977 by Richard T. Burke and the headquarter of the company is located in Minnetonka, Minnesota, United States.
UnitedHealth Group is an American-based multinational healthcare and insurance company. The company offers various health care products and insurance services. UnitedHealth Group was the second-largest health care company with $257.1 billion in revenue. In Fortune 500 company ranked by number 7th in 2020. The company also owns two foundations i.e. United Health Foundation and UnitedHealth Children’s Foundation which was incorporated in the year 1999 by UnitedHealth Group as a non-profit private foundation.
Anthem is the largest health care company in United State. The company was founded in the year 2004 by Anthem and WellPoint Health Networks merger. approximately the company has covered 40 million lives.
In Fortune 500 the company ranked 29th. The Anthem company currently operates in California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia, and Wisconsin.
Aetna company was founded in the year 1853 by Eliphalet Adams Bulkeley and the headquarter of the company is located Hartford, Connecticut, U.S. Aetna is third-largest health care company which sells traditional and consumer health care insurance and other related services such as medical, pharmaceutical, dental and many other services. The Aetna company is a subsidiary of CVS Health.
If we talk about the network of the companies then it has 22.1 million medical members, 12.7 million dental members, 13.1 pharmacy management services members, 1.2 million health care professionals, and 690,000 primary care doctors and specialists.
4) CVS Health
CVS Health company was founded in the year 1963 by Stanley and Sidney Goldstein and Ralph Hoagland and the headquarter of the company is located in Woonsocket, Rhode Island. CVS Health is an American-based health care company. The company also owns CVS Pharmacy, retail Pharmacy chain, CVS Caremark, Aetna.
Humana is the fifth-largest company by the membership which was founded in the year 1961 and headquarter of the company is located at 500 West Main Street, Louisville, Kentucky, U.S. The company ranked number 52 in Fortune 500 list. In the initial company was selling long-term care insurance before going wide into selling health insurance policies.
In 2017 company announced that it will no longer be selling individual health insurance in the 11 states where they have provided plans previously. But if you hold the policy from Humana, then don’t worry they will still provide the coverage benefits through your plan.
List of 8 Health insurance company in US rankings by revenue
|Kaiser Permanente||$89 billion|
|CVS Health||$75 billion|
|Molina Healthcare||$19 billion|
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Best health insurance companies in the US