Best Health Insurance Companies In USA

Posted on

We’ve done some legwork for you by examining which health insurance companies in the U.S. are ranked highest on such factors as prevention, treatment, and customer satisfaction. We selected nine companies with a wide range of available products, including national providers and a few highly-rated regional companies.

To find the best policies for you and your family, you can enter your zip code and other information at the companies websites. You will be directed to the procedures available in your area that are appropriate for your circumstances, at which point you can compare local physician, hospital, and pharmacy choices. You can also find the combination of premium, deductible, and other out-of-pocket expenses as the best option.

Best Health Insurance Companies

How Much Does Health Insurance Cost?

As with any insurance product, there are countless personal factors that go into calculating your cost for coverage. When it comes to health insurance premiums, you also have to take into account the difference between employer-sponsored plans and those purchased on the Marketplace, the difference between coverage for a single person and that for a family, and whether your income qualifies you for a tax credit on your Marketplace plan premiums

There are a few factors that go into calculating your health insurance cost across the board, though. These include your age, location, plan category, individual vs. family enrollment, and whether or not you’re a tobacco user. 

For instance, whether you’re buying an employer-sponsored plan or one on the Marketplace, you can expect your premiums to go up by as much as 50% if you smoke or vape.7 When you consider that annual healthcare premiums are already an average of about $7,470 for single folks and $21,342 for families, an extra 50% could feel significant.8

How We Chose the Best Health Insurance Companies

We examined the 126 health insurance plans that were top-rated by NCQA, the National Committee for Quality Assurance, a non-profit rating group, and aggregated them by insurance company. We then narrowed the list to companies with highly-rated plans available in multiple states. To make the best list, most companies also had to have at least an A- financial rating from AM Best, Fitch, or Standard & Poor’s.

We then took a qualitative look at our nine highly rated companies to identify special strengths that might appeal to the priorities of different types of consumers. We examined how the companies were rated in NCQA subcategories in the 2020 ACSI (American Customer Satisfaction Index) survey of roughly 500,000 consumers and in the 2021 J.D. Power customer satisfaction survey of 32,066 commercial health plan members. We looked at company profiles and Top Ten Reviews to evaluate the depth and breadth of the company’s coverage offerings and pricing for individual and employer-based insurance, Medicare Advantage, and other types of policies. 

We also looked at availability—the number of doctors, hospitals, and medical systems that contract with (or accept) a particular insurance company’s coverage—and types of coverage offered. And we considered where these insurance companies operate and whether plans can be purchased on healthcare.gov. 

Pricing was an important factor in our consideration, and lastly, we considered the number of plans offered and what sort of coverage limits consumers were able to choose from while shopping around for their health insurance.

Leave a Reply

Your email address will not be published.