When you are on the hunt for health insurance coverage, there are many things on your mind. The main one may be saving the most money but in actuality, there are more important things to focus on. Each plan you look at is going to be sponsored by an individual health insurance company. It’s going to be that company that sets your premiums, decides your coverage eligibility, and determines where you go to seek medical treatment. So don’t you want a reliable, responsible insurance company sponsoring your plan? There are many resources like AM Best and Standard & Poor, both of which are rating companies, that provide an unbiased resource on many different companies, health insurance included. Other specific insurance related companies like the National Association of Insurance Commissioners also routinely releases lists of the best insurance companies. Other less formal reviews can be found online but when you look at those, remember that everyone has a unique situation. The terrible service they report may not happen to you because each party is dealing with different situations. Ultimately, if you feel that a company offers the best plan for you and you feel confident their purpose is to protect your health, you’ve probably found the right insurance company. Here are some of the most well-known insurers.
This is an international health insurance company that is rated number 1 by the NAIC. Currently, Unitedhealth Group serves over 75 million people worldwide. That seems like a lot of people to handle and you could be worried that may end up as just a number. But remember that large companies can offer more services and flexibility because they can afford to while other smaller companies don’t have that option. Unitedhealth offers a variety of products both for employers and individuals seeking health insurance.
Wellpoint Inc. Group
This company is ranked 2nd by the NAIC and has a user friendly website. Their mission statement “is to improve the lives of the people we serve and the health of our communities.” Overall, this company provides health insurance to a very diverse group of individuals and employers and realizes how important cost is to each party. As a corporation, Wellpoint believes in making health care more affordable, guiding their customer to the right kind of care, and working towards prevention by advocating a healthy lifestyle.
Coming in at number 3 on the NAIC list, Kaiser Permanente is using technology to make sure that the insured has all the necessary information about their insurance plan’s options. If you are looking for personal insurance, an employer group plan, or even Medicare, Kaiser can help you find the right plan to suit your needs. Their Medicare plan is highly regarded and helps anyone turning 65 navigate the sometimes confusing options that are now available. With Kaiser, you can choose your own doctor and still have coverage.
Aetna is ranked fourth by the NAIC and AM best gave it an ‘A’ for their 2012 ratings. 92% of t
heir current customer plan on renewing their policies and retention is always a sign of a good health insurance company. Not only does Aetna offer the standard health insurance plans for employers and individuals but it also includes dental, pharmacy, vision and disability insurance. Sometimes, you may just need to add on a bit of coverage to your existing plan and Aetna can help. They also offer the ‘Plan for Your Health’ program which educates the insured about making the right health choices and how to financially plan for any medical costs.
This insurance company also offers a variety of plans that can be added to your existing policy or bought as a comprehensive package. One of the new options that Humana is promoting for 2013, in partnership with Wal-Mart, is the prescription for a penny program. There are stipulations but if you are a Humana member, you are eligible to become a Wal-Mart Preferred Rx member and can get hypertension generic prescription drugs for only a penny. At that price, you’re high blood pressure might start to decrease before you even take the pills! Programs that benefit their customer both in health and wallet are what Humana tries to produce. They also offer many different kinds of plans and have networks based on where you live.
We know that finding an insurance company can be stressful but make sure that it provides a network of local doctors so you have easy access to healthcare. Consider what kind of coverage you need by analyzing your current and potential needs. If you need prescription drugs on a daily basis, make sure they are covered. Ultimately, once you buy your insurance, you want it to be there when you need it and then not have to think about it significantly during the healthy periods. Knowing that you have an insurance company that can have your back at the slightest notice is important. Make sure the health insurance company you choose is an advocate for your health needs.