Which are The Best Health Insurance Companies Of 2020 within the United States? It’s hard to understand the way to even begin sorting through your multiple options when your employer offers a choice of health plans otherwise you got to select a personal or Medicare insurance policy.
We’ve done a number of the legwork for you by examining which of the quite 900 companies that sell insurance within the U.S. are ranked highest by objective criteria for such factors as prevention, treatment, and customer satisfaction. We selected six recommended insurance companies that have a good range of widely available products, alongside a couple of highly-rated regional companies.
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To find the simplest policies for you and your family, you’ll start by entering your postcode then other information at the companies’ websites. which will direct you to policies available in your area and for your circumstances, at which point you’ll compare local physician, hospital, and pharmacy choices. you’ll also find the mixture of a premium price, deductibles, and other out-of-pocket expenses that’s the simplest option for you.
- 1 Best Health Insurance Companies Of 2020
- 2 How We Chose the simplest Companies
- 2.1 Best for Medicare Advantage – Aetna
- 2.2 Best for Nationwide Coverage – Blue Cross/Blue Shield
- 2.3 Best for Global Coverage – Cigna insurance
- 2.4 Best for Umbrella Coverage – Humana
- 2.5 Best for HMOs – Kaiser Foundation Health Plans
- 2.6 Best for the Tech Savvy – United Healthcare Services Inc.
- 2.7 Midwest – HealthPartners
- 2.8 New England – Harvard Pilgrim Health Care
- 2.9 New York – Capital District Physicians’ Health Plan (CDPHP, CDPHN)
Best Health Insurance Companies Of 2020
1- Aetna: Best for Medicare Advantage
2- Blue Cross/Blue Shield: Best for Nationwide Coverage
3- Cigna Health Insurance: Best for Global Coverage
4- Humana: Best for 360 Degree (Wrap-around) Coverage
5- Kaiser Foundation Health Plans: Best for HMOs
6- United Healthcare Services Inc.: Best for the Tech Forward
How We Chose the simplest Companies
We examined the 126 insurance plans that were top-rated by NCQA, the National Committee for Quality Assurance, a nonprofit rating group, and aggregated them by the insurance firm. We then narrowed the list to companies that had highly-rated plans available in multiple states. to form the simplest list, the corporate also had to possess a minimum of an A- financial rating by AM Best, Fitch, or Standard & Poors.
We then took a qualitative check out of our nine highly-rated companies to spot special strengths that may appeal to the priorities of various sorts of consumers. We examined how the businesses rated in NCQA subcategories, within the ACSI (American Customer Satisfaction Index) survey of roughly 300,000 consumers, and within the J.D. Power customer satisfaction survey of 28,809 commercial health plan members. We checked out company profiles and Top Ten Reviews to gauge the depth and breadth of the company’s coverage offerings and pricing for individual and employer-based insurance, Medicare Advantage, and other sorts of policies.
Best for Medicare Advantage – Aetna
An impressive 43 Aetna Medicare Advantage plans sold in 37 states, plus the District of Columbia, received top NCQA ratings, with Connecticut and Maine being standouts. For 2020, Aetna Medicare Advantage is out there in 264 new counties across the country, providing millions more Medicare beneficiaries access to an Aetna plan. The insurer also sells Medicare Supplemental and prescription Plans in 48 states and D.C. also as a mixture of dental, vision, and hearing product supplemental Medicare insurance in most states.
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In the private arena, Aetna may be a large provider of employer-based insurance, and 4 Aetna plans serving four states made the highest NCQA ranks. the corporate not sells individual insurance on healthcare.gov. Aetna plans in Utah and Pennsylvania were top scorers in NCQA, and Aetna was rated a J.D. Power regional “best for consumer satisfaction” in Delaware, Ohio, Virginia, West Virginia, and D.C. additionally, Aetna’s pricing seems to be at a lower level than many competitors.
Aetna recently became a part of CVS Health Company and synergies between the 2 are starting to emerge. for instance, Aetna medical plan subscribers with high vital sign can get a free home monitor at CVS. Chronic disease monitoring can also be available at CVS stores.
Best for Nationwide Coverage – Blue Cross/Blue Shield
One out of three Americans has health coverage from Blue Cross/Blue Shield. The names on various state plans include Anthem, Independence, Hawaii Medical Service, Highmark, and Wellmark, but all of the 36 independent and locally operated Blue Cross Blue Shield companies open doors altogether 50 states. Nationwide, quite 96% of hospitals and 95% of doctors and specialists contract with Blue Cross Blue Shield companies—more than the other insurer.
Thirty-one Blue Cross Blue Shield companies were highly rated by NAQA and 14 received good financial ratings, although quite a few weren’t rated during this area. Ten Anthem Plans—including some with lower overall ratings—scored impressively within the customer satisfaction area. Eleven of the Blue Cross/Blue Shield Medicare Advantage Plans were highly rated. The Blues offer employer insurance, individual policies on healthcare.gov, and a spread of Medicare plans (Medigap, prescribed drugs Part D, and Medicare Advantage).
Best for Global Coverage – Cigna insurance
It’s not surprising that a corporation that sells a product called Expatriates Insurance would lead our list for international coverage. This global health service company has 95 million customers served by a worldwide network of 1.5 million healthcare professionals and access to doctors in 200+ countries. Its more-than-40,000 employees provide services in 170+ languages, and therefore the company says it insures over three-quarters of Fortune 500 companies. It recently merged with Express Scripts.
In the U.S., four private Cigna plans were top-rated in NCQA. Cigna is that the top performer in customer satisfaction in New Jersey and East South Central region consistent with the J.D. Power survey. Cigna also has rock bottom complaint rates within the industry, consistent with ACIS. Cigna sells medical plans in 12 states and dental plans altogether 50, plus D.C. It sells individual plans on healthcare.gov and this year has entered 19 new markets. Cigna is additionally expanding its Medicare Advantage plans to 80 counties across 17 states.
Best for Umbrella Coverage – Humana
Health insurance policies don’t usually cover such expenses as eyeglasses and contacts; dental exams, crowns, and appliances; or prescribed drugs. Humana, a broad-based health and well-being company, sells private policies altogether these areas, and therefore the company features a range of plans for people living with chronic conditions that include transitions from a hospital stay to home care and meal delivery. It does not offer insurance on healthcare.gov. Humana is additionally among the businesses that provide special needs policies for people with a severe or disabling chronic condition or living in an establishment.
Four private Humana plans (Kansas/Missouri, Wisconsin, two in Illinois) and three Humana Medicare Advantage Plans (Florida, Illinois, Tennessee) were highly-rated by NCQA. Humana led the pack for customer satisfaction in 2019, consistent with recently released data from the ACSI survey, and consumers rated it highest for providing good access to primary and specialty care. Humana’s policies for HMOs are relatively affordable.
Best for HMOs – Kaiser Foundation Health Plans
The nonprofit insurer won stellar ratings for personal insurance, with one plan (Mid-Atlantic States) getting a top overall NCQA score of 5.0 and eight other plans, starting from Georgia to California, winning 4.0 to 4.5 ratings. within the Medicare Advantage arena, Kaiser was also a winner with eight plans within the very top echelons. the corporate operates in eight states (California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington) and Washington, D.C.
All of Kaiser’s highly rated private and Medicare Advantage plans are HMOs. this is often excellent news for those needing budget insurance because HMO premiums are generally lower, there’s often no deductible, and copays and prescription costs can also be lower. The rub in an HMO is that the restriction that—except in emergencies—you must use only doctors, hospitals, and other services that are within the network. The plans do, however, deliver the essential goods. They score quite high on the percent of patients receiving screenings, immunizations, and other preventive services and on the treatment of chronic and acute health conditions. Kaiser’s policies have relatively low premiums.
Best for the Tech Savvy – United Healthcare Services Inc.
Want to trace your health on an Apple Watch? File claims, found out doctor appointments, and find doctors online? United Healthcare’s latest annual survey found that nearly 40% of consumers buy healthcare on a computer or with mobile apps. the corporate is pushing “consumer-driven digital health care,” including wearable technology for glucose management, smart baby monitors for high-risk infants, and activity trackers that allow fitness participants to win monetary awards.
Two private United plans (both in Rhode Island) scored a powerful 4.5. Thirteen plans in six states (Connecticut, Iowa, Massachusetts, New Hampshire, Nebraska, Wisconsin) scored 4.0 in overall NCQA ratings. Thirty-four of United’s Medicare Advantage plans were highly rated, including many sold under the name Sierra Health and life assurance Company.
United offers the complete spectrum of health benefit programs for people, employers, and Medicare and Medicaid beneficiaries, and contracts directly with quite 1.3 million physicians and care professionals also as 6,500 hospitals and other care facilities nationwide. Both HMO and PPO plans are available with access to healthcare savings accounts (HSA) and versatile spending accounts (FSA). Its policies may cost a touch quite a number of its competitors, but it’s going to be worthwhile for the additional features.
Best Regional insurance Companies
New England: Harvard Pilgrim Health Care
New York: Capital District Physicians’ Health Plan (CDPHP, CDPHN)
These smaller insurance companies have some very high-scoring health plans available in selected areas. Health Partners features a high financial rating, but Harvard Pilgrim and CDPHP/CDPHN aren’t rated by the main financial agencies.
Midwest – HealthPartners
Under the names of Group Health Plan and HealthPartners, this company sells Medicare plans in Minnesota and Pennsylvania. All three of its private plans garnered 4.5 overall scores. All three plans also scored alright in prevention and treatment.
New England – Harvard Pilgrim Health Care
This New England not-for-profit company has two 4.5 rated plans (Maine, Massachusetts), one among which also scored a powerful 4.5 on prevention, and one 4.0 (New Hampshire) plan. The Harvard Pilgrim Choice Plus and Options PPO plans are offered jointly by Harvard Pilgrim and UnitedHealthcare, allowing members access to a network of half 1,000,000 doctors nationwide, thousands of hospitals, and versatile health benefits.
New York – Capital District Physicians’ Health Plan (CDPHP, CDPHN)
This not-for-profit, physician-directed health plan has a number of the very best rated plans. Two plans garnered a 5.0 in overall score from NCQA and were among the five private plans nationally that scored 5.0 in consumer satisfaction. the 3rd plan from this company came in near the highest at 4.5. and therefore the company’s Medicare Advantage plan was also a high scorer. The plans are available in 24 of the latest York’s 68 counties. the corporate notes that eight out of its 15 board members are practicing physicians.