What Is the Best Insurance Company for Small Businesses?
Published on February 12, 2019
A small business that provides group health insurance to their employees is better able to attract the talent they need to meet their goals. Finding the right group health insurance plan means that a small business has to keep their specific needs, as well as their budget and their employees, in mind when they are looking at the options offered by health insurance companies.
Best Health Insurance Companies for a Small Business
Whether a small business is searching for their first small business (also called group) health insurance plan or they are hoping to switch to a more affordable one, it’s important to know that you’re being covered by a reputable company. When shopping on eHealth you’ll have options from some of the best health insurance companies for your group health insurance plan. Check out some of the amazing health insurance companies that eHealth carries group health insurance plans from.
Aetna is a health insurance company that has been in existence since 1853. According to an annual report released by the National Association of Insurance Commissioners (NAIC), the company has a market share of 5.54 percent which equates to providing coverage to about 22.1 million people.
Aetna is well respected, having been recognized by J.D. Power as being “better than most“ in its Florida Member Satisfaction Index Ratings and by Forbes by being named to its “World’s Most Admired Companies“ list. EHealth offers group health insurance plans from Aetna, as well as many other products.
Founded in 1977, United Healthcare (UHC) is the top health insurance company in regards to market share with a 12.75 percent share of the market, according to NAIC’s annual report. As of this writing, United Healthcare offers health insurance in all 50 of the United States.
J.D. Power ranked United Healthcare as being “among the best“ Texas health insurance companies. The company also earned accolades in Arizona for the “highest overall experience.” EHealth carries group health insurance plans for small businesses from UHC, as well as many other products.
Anthem provides health insurance, including options for a small business, for 40 million members, making it the Blue Cross Blue Shield Association’s biggest managed and for-profit health care company. The NAIC report noted that Anthem’s market share is 6.07 percent.
According to the J.D. Power Member Satisfaction Index Ratings, Massachusetts members ranked Anthem Blue Cross Blue Shield (Blue Card) as being “among the best.” Visit eHealth’s site to see if Anthem group health insurance is available in your area.
Kaiser Permanente was founded in Oakland, California in 1945. Over the past 70 years, the company has become the country’s largest managed care organization. According to the NAIC annual report, Kaiser Permanente has 7.37 percent of the health insurance market share.
There are six regions and states that ranked Kaiser Permanente as being the highest according to rankings released by J.D. Power. These include the Northwest and South Atlantic regions, as well as the states of California, Maryland, Colorado and Virginia. EHealth offers Kaiser Permanente group health plans–by simply providing some information about your small business, you can see if thre are Kaiser Permanente group plans offered in your area.
Humana is a company that has its roots in the nursing home industry. Twenty years later, in the 1980s, Humana started offering health insurance. It has since grown to secure 5.46 percent of the market share, according to NAIC.
The “Social Responsibility” category, according to Fortune, ranked Humana as number one in the category. In addition, Florida members stated that the health insurance company was “better than most,“ as reported by Member Satisfaction Index Rankings from J.D. Power. Depending on where you live, you can find small business health insurance from Humana.
The Health Care Service Corporation (HCSC) is another independent Blue Cross Blue Shield Association licensee. According to the NAIC, the company has a market share of 3.28 percent and provides 16 million customers with health insurance.
J.D. Power noted that HCSC has secured high rankings fro its members in both Florida and Illinois with “highest customer service” and “highest overall experience,“ respectively. HCSC group plans can be found through us, along with several other products from this health insurance carrier.
How to choose a group health insurance plan for your small business
eHealth offers group health insurance plans for small businesses from all of these renowned health insurance companies. Depending on where you live though, group health insurance plans might not be available from all of these health insurance companies. Visit eHealth to see what’s offered in your area, and compare group health insurance plans for your small business for free. There is no charge when using eHealth to see quotes, compare plans, and get help with enrolling in your group plan. Group health insurance plans on eHealth are the same price as anywhere else, so you won’t be surprised by extra costs at any point when using our services to shop for your group health insurance plan.
When searching for group health insurance for a small business, it’s important to remember that there is no one-size-fits-all solution. For example, not all health insurance companies provide group health insurance plans for a small business in all 50 states. In fact, the health insurance options that are offered can vary between states across the country.