Best medical insurance

Best Medical Insurance: Live ‘Affordably’ Well!

Getting bargainable health insurance may once seem like an illusion. Still, ever since Obamacare came into being in 2010, households with incomes from 100% to 400% of the FPL became eligible for assistance in health insurance premiums within reach. Moreover, the Medicaid program for low-income individuals was expanded to include all adults (138% below income level) of the FPL.

Still, many Americans face challenges when it comes to finding the right health insurance policy providing the right coverage at the right amount, especially for those who are at the higher end of the subsidy range and beyond. Because ACA was imagined to work, health insurance premiums vary upon where you live, how much you earn, and the family’s size.

Regardless of where you fall in the ACA metrics, we’ve brought you companies that provide the best in affordable health insurance policies to compare and shop from. These companies come from popular opinion concerning the monthly premium, annual out-of-pocket costs and other coverages. Now, without further ado, let’s get started.

2021’s Best medical insurance Companies

  • Blue Cross Blue Shield
  • UnitedHealthcare
  • Kaiser Permanente
  • Cigna

(* the information is subjected to the website used for reference) 

Blue Cross Blue Shield

This 1929 founded company made it to the list due to its healthcare options for individuals working remotely and needing to buy their coverage. A health insurance package at Blue Cross would include the opportunity to purchase coverage working in all 50 states and global health insurance for both short-term and long-term travel.

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Blue Cross Blue Shield has expanded its grounds all over the U.S., providing coverage for 76 of America’s 100 Fortune companies, where 6.9 million people are working for small employers, 17 million are unionized workers, along with millions of others. However, the reason behind choosing Blue Cross Blue Shield is its option for remote workers, including health insurance that works all across the U.S. or even around the world. Here are some of the benefits and drawbacks of choosing health insurance from Blue Cross Blue Shields.

Benefits 

  • It has long company history and a strong reputation in the market.
  • It provides global coverage.
  • Widely recognized and accepted by doctors and specialists.

Drawbacks

  • There were plenty of negative reviews online across both Consumer Affairs and Trustpilot.

UnitedHealthcare

Initially founded in 1977, Minnesota, UnitedHealthcare offers short-term health insurance coverage when one needs it. The company work wells if you’ve signed up for an employer-based plan or you require temporary coverage for any reason. The company has grown tremendously and now serves more than 70 million customers. UnitedHealthcare also works directly with more than 1.3 million physicians and healthcare providers, as well as 6500 hospitals and medical centres across the U.S. The company stands out for its short-term health insurance options, helping customers bridge gaps when they’re between their plans.

Short-term insurance from UnitedHealthcare can be a wise choice if you’ve missed the open enrollment for the ACA or waiting for your coverage to start or you’re between jobs. You can also have the option to drop your short-term coverage with no penalty if you’re offered a long-term insurance option along the way.

Pros: –

  • Has a long company history
  • Known for their Short-term health insurance plans
  • Offers ACA-complaint plans.

Cons: –

  • Rated below average in almost all regions in J.D. Power’s 2021 U.S. Commercial Health Plan Study
  • Not all short-term plans are available in every state.

 

Kaiser Permanente

Ever since it began offering its health insurance plans back in 1945, Kaiser Permanente has provided it’s very own Health Savings Accounts (HSAs), which can help you save some health costs on a tax-advantaged basis. The company has become the nation’s largest not-for-profit health insurance provider as it serves more than 12.5 million members in over eight states plus Washington D.C.

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When you use your higher deductible health plan (HDHP) with your HSAs, the insurer provides you with a debit card that covers eligible expenses from your HAS fund without any added formality or paperwork. The HAS plans do not come with any hidden fees, and you can get a $3.25 discount if you maintain a $2000 or more balance in your HSA fund.

Pros: –

  • Offers its very own HSA
  • Provides ACA-complaint plans for individuals and families
  • Several top ratings in J.D. Power’s 2021 U.S. Commercial Health Plan Study

 

Cons: –

  • Coverage limited to eight states and Washington D.C.

 

Cigna

Cigna was initially founded in 1792, making it one of the longest-running insurance companies in the world. Cigna offers the best coverage for employees due to some plan features you’re eligible for. Its stand out benefits includes $0 annual checkups, 24/7 health line access and a working mobile app. Cigna is limited to coverage areas nationwide, but it made it to the list for its services to individuals and their employee plans. Cigna customers enjoy $0 annual checkups and a 24/7 health line that helps you get covered in any medical queries from a professional. The myCigna app allows the user to keep track of their medical bills and your over health goals.

Pros: –

  • $0 annual checkups
  • Talk to a nurse 24/7 for your medical queries
  • Provide you with multiple coverages
  • It consists of several top ratings in J.D. Power’s 2021 U.S. Commercial Health Plan Study

 

 Cons: –

  • An ACA-complaint individual and family plan is only available among thirteen states.

 Well, if any of the mentioned above health insurance companies caught your eyes, we recommend you check their websites for quotes, consult your nearest insurance agents, and compare rates online. Well, that is it from our side! Let us know which company caught your eye, and let us know what you want us to cover next time!

Till then

Adios Amigos!

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