Top Health Insurance In Idaho | Ranks The 5 Largest Carriers In U.S.

Among Are The Top 5 Largest Health Insurance Companies In Idaho & All Over United States

Shopping for health insurance in Idaho is huge! Looking around the market makes you confused because they’re a lot! I mean a lot of carriers you can choose when you go to their marketplace. However, the health insurance market is dominated by five big companies.

And these companies are ranked in order according to their market share and together they controlled just about 44% of the market. And these are Anthem, Centene, UnitedHealthcare, Humana, and Health Care Service Corp (HCSC).

5 Largest Health Insurance Companies

All these carriers provide basic health insurance products to both individuals and companies, along with other insurance services that include Medicaid and Medicare policies, LTC insurance, and dental and vision benefits. To rank them as the largest companies in Idaho means that they have the highest numbers of members, or simply say covered lives . Covered lives mean the number of individuals who have enrolled in that specific carrier. 

• UnitedHealthcare is the top health insurance company with a total of 70 million covered lives. Along with having the most members, they also have a care network of over 1.3 million physicians and health care professionals with more than 6,000 hospitals. Moreover, its policies and plans can be purchased in all 50 states. This only means that if you are a UnitedHealthcare member, you can have a wide variety of options to choose from to receive care.
• Anthem ranks the second largest insurance provider with a covered life of over 39.9 million. Anthem is a licensee of the Blue Cross Blue Shield Association, meaning that when searching for their policies on the marketplace, you will find its products alongside BCBS followed by the name of your state. But the carrier you will be buying will be Anthem.
• Aetna is the third-largest provider by membership with over 22.1 million members. Most of its members come from brokers and employers. Or employees planning to buy their own policies. Aetna was acquired by CVS Health Corp, an American healthcare company in 2018.
• Cigna ranks the fourth-largest medical insurance company in the United States by members of 20.4 million. You can purchase their policies in 11 states such as Arizona, California, Colorado, and more. You can find their headquarters based in Bloomfield, Connecticut. They offer corporate health insurance policies, in addition, they also provide dental behavioral health and Medicare/Medicaid supplemental benefits. 
• Humana comes in as the fifth-largest health insurance with covered lives of 16.6 million. Long-term care insurance is the original product before they decided to expand from selling health insurance policies. However, the company made an announcement in 2017 that they will no longer be providing individual health insurance in 11 states where they previously provided plans.

These top health insurance companies in Idaho tend to offer similar services and products to their clients, the only thing that will differ is the cost and rates. That is why I always tell my clients and customers to compare quotes from different carriers, so they will understand how they differ and they will know what is the best deal for their needs and situation also.

Thank You For Reading!

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