3 Health Insurance Companies that Offer Some of the Most Cost Effective Healthcare Plans
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Health insurance is a primary means of providing financial coverage for health-related expenses. It enables you to pay for things like prescriptions, hospital stays, emergency room visits, checkups, preventive care, chronic illness care, and more. In addition to offering policyholders a safety net for the hefty bills that often come along with seeking care, health insurance promotes good health care habits, such as regular checkups for early disease detection, while ensuring Americans have equal access to quality healthcare services.
Whether you’re an individual or a business, choosing a healthcare plan with reasonable premiums and deductibles while offering comprehensive coverage is more commonly sought after. To that end, we will explore three health insurance companies providing some of the most cost-effective plans.
1. Cigna
Cigna is a popular health insurance provider with plans to suit families and individuals and is available to businesses and individuals. While rates vary by state, generally, it’s a very affordable healthcare plan for individual premiums. And like any healthcare insurance provider, Cigna offers four tiers of coverage, which vary by rate, coinsurance, and deductibles.
Cigna offers health insurance for individuals, commercials, and corporate customers, making its services widespread. In addition to health insurance coverage, it also provides life and accident insurance to its customer base.
Some important things to note about Cigna:
- Cigna has a sizable provider network: Cigna boasts an impressive global network consisting of more than 1.5 million healthcare provider relationships, including clinics and facilities.
- Cigna offers HMO or EPO plans for individuals: Health maintenance organizations or HMOs are cheaper than other health insurance plans such as preferred provider organization (PPO) or Exclusive Provider Organization (EPO). Essentially, HMOs are when your insurance only covers in-network providers and specialist referrals from your PCP. You will have to foot the bill if you don’t go to an in-network provider or go to a specialist without a referral.
- These states are covered by cigna: For individual plans, Cigna is available in 13 states, including Washington D.C., Florida, Georgia, New York, Texas, Virginia, Arizona, and others. They also have dental and vision plan bundles in all 50 states.
2. Kaiser Permanente
Kaiser Permanente is known for its low premiums and excellent customer service through its unique approach to healthcare insurance. They are highly rated by trusted bureaus such as J.D. Power, healthcare.gov, and NCQA. Though it’s only available in a limited number of states, those who can access Kaiser Permanente benefit from coordinated and affordable healthcare.
This health insurance company is perfect for those who need affordable base coverage, such as individuals. And if you value things like personalized attention and excellent customer service when reviewing health insurance options, Kaiser Permanente is a stand-out option.
Things you should know about Kaiser Permanente:
They offer an integrated approach to healthcare: Kaiser Permanente’s integrated care approach lets your coverage directly sync with Kaiser Permanente’s network of providers, including pharmacies, hospitals, labs, specialists, primary care providers, and more. This allows for a more coordinated healthcare experience for policyholders, which has resulted in comparatively higher customer satisfaction levels.
You may have higher deductibles: One of Kaiser Permanente’s main selling points is its low premiums. However, this may result in higher deductibles if you need coverage for a service. For those who do not intend on utilizing their plan often, though, their bronze package is an affordable individual plan option.
It only covers in-network providers: Kaiser Permanente policyholders are limited to in-network providers due to their integrated care approach. So, if you live outside coverage areas or need more flexibility when seeking care, you’ll have to pay out of pocket to cover the associated costs.
It’s available in these states: Kaiser Permanente has limited availability and is only available in eight states, including Washington D.C., Maryland, Colorado, Georgia, Hawaii, California, Washington and Oregon.
3. Anthem by Blue Cross Blue Shield
An affiliate of the Blue Cross Blue Shield Association, Anthem provides various health insurance plans, benefits, coverage options, and resources for individuals, families, and businesses. It ranks as the largest for-profit company under the Blue Cross Blue Shield umbrella and offers health insurance products ranging from PPOs, HMOs, hybrid plans, and more.
Anthem offers health insurance to businesses and individuals and boasts over 40 million health plan members. They provide a range of healthcare coverage options, including Medicare, dental, and vision, making them a comprehensive health insurance provider.
What you need to know about Anthem:
Anthem is offered in 14 states: As part of one of the largest health insurance associations out there, Anthem is available in California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia, and Wisconsin.
They offer short-term health insurance: Also referred to as Limited Duration Insurance, Anthem’s Enhanced Choice health coverage solution is budget-friendly and helps those who are not currently covered due to job loss, missing enrollment at their job, or any other extenuating circumstance. It’s open all year and offers access to the same quality providers and facilities as any other plan with Anthem.
Getting a quote is easy: Anthem makes getting a quote straightforward. Simply fill out the form on their website and one of their health insurance representatives will be in touch with information on plans, benefits and more.
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