Talking about the Largest Health Insurance Companies of 2020, what comes to your mind? In the world today, there are over a thousand health insurance companies. Health insurance companies are companies that offer medical coverage. Each and every one of these health insurance companies offers services including Medicaid and Medicare policies as well as long term care insurance, dental insurance and vision benefits. Health insurance is a type of insurance that covers expenses for your death. When we talk about some of the largest Health Insurance Companies of 2020, it is companies that are really large we want to talk about.
Some of the Largest Health Insurance Companies of 2020
The largest health insurance companies of 2020 are the companies that have the highest number of members. The amount of members is the number of individuals who have enrolled in a health insurance plan with the company. A health insurance policy can be enrolled for in many different ways. Below are some of the Largest Health Insurance Companies of 2020.
UnitedHealthcare Group is one of the largest insurance companies by total covered lives. The provider UnitedHealthcare Group offers a variety of products from individual health insurance to full employer benefits plan for some of the biggest corporations. In addition to having the most members, this platform has a care network of over one point three million physicians and health care professionals with more than five thousand hospitals.
Anthem is definitely amongst the second-largest medical insurance provider by total members of over forty million lives covered. The company Anthem commercial and business health care segment offer a network-based care to both small and large businesses, individuals, Medicare and Medicaids.
Aetna – Largest Health Insurance Companies of 2020
You would definitely be surprised to know that Aetna was acquired by CVS Health Corp. in the year 2018. Aetna has over twenty million members. Being operated by CSV, the company has been able to seamlessly integrate its provider networks with Aetna’s membership base. However, you should know that most of the membership of this platform comes from providing health insurance to employers and its employees in the private market.
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One of the largest medical insurance companies in the world today is Cigna. The company is headquartered in Bloomfield. Cigna offers to its customer’s health insurance and health services to companies throughout the world. The company currently offers individual health insurance in over ten states. Some of these states are North Carolina, Tennessee, Texas, Georgia, Maryland, Florida and so on.
Humana comes up as one of the largest health insurance company by the membership. This insurance company was founded in the year 1961. It originally sold long term care insurance before expanding to the selling of health insurance policies. In 2017, the company was announced that it would no longer be offering individual health insurance in the eleven states that it previously provided plans.
Largest Health Insurance Companies of 2020 by States
By states, below are some of the Largest Health Insurance Companies.
- Alabama has Blue Cross Blue Shield of Alabama as one of the largest health insurance companies.
- Alaska has Premera Blue Cross as one of the largest health insurance companies.
- Arkansas has Arkansas Blue Cross Blue Shield as one of the largest health insurance companies.
- Colorado has Kaiser Foundation as one of the largest health insurance companies.
- Delaware has Highmark as one of the largest health insurance companies.
- Florida has Guidewell Mutual Health as one of the largest health insurance companies.
- Idaho has Blue cross of Idaho as one of the largest health insurance companies.
As listed above so the health insurance company varies with other states and countries.