Best health insurance companies of June 2024 (2024)

Kaiser Permanente is the best health insurance company if you’re shopping for coverage through the Health Insurance Marketplace. This insurer has a strong rating from the National Committee of Quality Assurance (NCQA), a very low level of complaints to state insurance departments and affordable rates. The best health insurance company for you may vary based on your coverage needs, budget and family size.

Best health insurance companies of 2024

• Kaiser Permanente: Best health insurance.
• Blue Cross Blue Shield: Best health insurance for the self-employed.
• UnitedHealthcare: Best health insurance provider network.
• Aetna: Best health insurance for young adults.

Compare the best health insurance companies of 2024

How to find the best health insurance for your needs

There are several steps you can take to find the best medical insurance for your needs:

• Assess your health care needs. Consider how often you visit the doctor, the medications you take and any special medical conditions you or a family member have.
• Evaluate available plans in your area. Understanding the different plan types — EPOs, HMOs and PPOs — how they work and the pros and cons of each can help you find the best suited plan.
• Compare health insurance plans. Plan benefits, deductibles, copayments, out-of-pocket costs and premiums can vary. Pay close attention to what a plan does (and doesn’t) cover to ensure it will meet your needs. Marketplace plans provide a summary of benefits and coverage (SBC) to make comparing plans easier.
• Verify network coverage. Make sure your preferred doctors or health care facilities are in the network for any plan you consider. Otherwise, you could face expensive out-of-network costs or have to choose a new doctor.
• Check for prescription coverage. If you take prescription medications, make sure the plan covers them and what your out-of-pocket cost would be. You might have to call the insurance company to determine costs.
• Look for extra benefits. Check for telehealth services, a 24/7 nurse line or discounts on wellness programs.
• Check for financial assistance eligibility. You might be eligible for financial assistance or premium subsidies if you purchase health insurance through the Marketplace.
• Ask for reviews and recommendations. Have a discussion with coworkers, friends and family members to learn about their insurance company and plan experiences.

How much does health insurance cost in 2024?

The tables below show examples of health insurance costs for Bronze, Silver and Gold plans from the best health insurance companies in our analysis.

Bronze plans: Health insurance monthly cost examples

Silver plans: Health insurance monthly cost examples

Gold plans: Health insurance monthly cost examples

On a tight budget? How to save money on health insurance

Compare health insurance company complaints

Every year, the National Association of Insurance Commissioners (NAIC) compiles complaint data from state insurance departments. Complaints can include a variety of patient issues, including claim denials and delays. The nationwide average is 1.0. The chart below shows the top complaint ratios for insurers in our best health insurance rating.

What does health insurance cover?

All Health Insurance Marketplace, or Marketplace, health insurance plans that are compliant with the Affordable Care Act (ACA) must cover these 10 essential benefits:

• Ambulatory patient services for outpatient care.
• Chronic disease management, preventive and wellness services.
• Emergency services.
• Hospitalization, including surgery and overnight stays.
• Laboratory services.
• Mental health, behavioral health and substance use disorder services.
• Pediatric services, including dental and vision care.
• Pregnancy, maternity and newborn care, including birth control and breastfeeding coverage.
• Prescription drugs.
• Rehabilitative and habilitative devices and services.

Specific services within these categories can vary depending on your state’s requirements. Plans can also provide adult dental or vision coverage and medical management programs, such as those that assist plan members with back pain, diabetes and weight management.

Plan benefits can also vary by insurance company. It’s important to read the fine print to determine what each health insurance plan covers and excludes.

Does health insurance cover dental?

If you’re getting health coverage for someone 18 or younger, dental coverage is an essential benefit under ACA-compliant health insurance plans. That means it must be available as part of a health plan or as a separate dental plan. Adult dental care is not an essential benefit, however, so your health insurance may not cover dental, depending on your plan.

Some plans include dental, meaning the premium covers both health care and dental. But if your plan doesn’t cover dental, you might be able to buy dental insurance separately through the Marketplace. If you do, you’ll have a premium for your health insurance plan and another for your dental plan.

You can choose between two categories of dental insurance through the Marketplace: low and high.

• A low coverage plan will have high copays and deductibles but cheaper premiums.
• A high coverage plan will have lower copays and deductibles but more expensive premiums.

Looking for dental coverage? The best dental insurance

What does health insurance not cover?

Although health insurance plans can vary, according to Shashank Agarwal, senior decision scientist for CVS Health, health insurance may not cover:

• Alternative therapies, such as acupuncture and chiropractic care.
• Cosmetic or elective procedures.
• Dental or vision care, if not part of your health plan.
• Experimental treatments.
• Medical care outside of the U.S.
• Non-essential medications or drugs that aren’t FDA-approved.
• Out-of-network care.

Your health plan might also exclude coverage for fertility treatments, brand-new technologies or off-label drug use. “There may also be limitations or exclusions relating to pre-existing conditions, dental care, vision care and long-term care,” said Bullock.

While most health insurance plans cover rehabilitative care, they might not cover developmental services, warns Adam Rosenfeld, president of Rubicon Benefits, a division of World Insurance. Although your physical therapy following knee surgery would be covered, speech therapy for your child born with developmental delays may not, he explains.

Just like plan benefits can vary by coverage level and insurance company, so can policy exclusions. Comparing plan benefit details, especially what’s excluded from coverage, can help you determine which plan is best for your health care needs.

What are the types of health insurance plans?

There are several types of health insurance plans in the Marketplace, many of which may be offered in your area at each metal tier (Bronze, Silver, Gold and Platinum).

• Health maintenance organization (HMO): An HMO is one of the more affordable health insurance plan types, but your coverage is limited to in-network providers unless it’s an emergency. You’ll need to select a primary care doctor who can give you referrals to specialists. You may be required to live or work in a certain proximity to the HMO’s service network to get covered.
• Exclusive provider organization (EPO): Like an HMO, an EPO plan only covers in-network care, except in an emergency, but you typically don’t need a referral to see an in-network specialist. EPOs tend to have a larger network than HMOs, but you’ll likely pay higher premiums than with an HMO. EPOs are not as commonly offered.
• Point of service (POS): POS plans offer in-network care, but the provider network is limited. You can get out-of-network care, but you’ll pay more. You’ll need to get specialist referrals from your primary care doctor.
• Preferred provider organization (PPO): PPO plans offer in-network care. You can use out-of-network providers, but you’ll pay more. You don’t need referrals and you don’t need to select a primary care doctor.

How to get health insurance

You can apply for health insurance coverage in several ways, including online, by phone, through an agent or broker or with a paper application. Where you secure health insurance will determine the exact application process.

You can get health insurance from a number of sources, including:

• An employer.
• Medicare.
• Medicaid.
• Children’s Health Insurance Program (CHIP).
• Health Insurance Marketplace.

Open enrollment for the federal health insurance exchange runs from Nov. 1 to Jan. 15. However, some states have their own health insurance exchange and enrollment periods in those states can vary. Use the table below for state-based enrollment details and always check with your state for the most recent health insurance enrollment guidance.

If you need health insurance outside of the open enrollment period, you may be able to enroll under certain circ*mstances, such as if you experienced a major life change, like marriage or the birth of a child, have an income that qualifies for a Special Enrollment Period or if you qualify for Medicaid or CHIP.

State-based enrollment deadlines

Best health insurance FAQs

Editor’s Note:This article contains updated information from previously published stories:

• Early retirement: How to afford health insurance?
• Health insurance: 1.1 million more Americans lost coverage in 2018
• Health insurance: Fewer workers go part-time as ACA coverage worsens
• 5 ways to cut health care costs in retirement
• Open enrollment at work: Get ready to get choosy
• 5 reasons health insurance didn't pay your bill