Top 10 Health Insurance Companies – How Can You Identify Them?

Online search – Often not helpful

If you have searched online for the top 10 health insurance companies, you are likely to have been frustrated by the results. You would have realized that the lists of the top 10 health insurance companies differ substantially from one website to another. Which list can you count on? How do you know that the lists are trustworthy?

It is important to identify the top health insurance companies

Despite the above-mentioned obstacles, it is important to identify the top health insurance companies. Getting a good health insurance is directly dependant on the fine rating of the health insurance company. Ranking or rating insurance companies should not be based only upon costs of the insurance plans but on a whole lot of other things. Other criteria for ranking include network of doctors and medical facilities, customer service, coverage and benefits. It is also important to be aware of the companies’ financial strength. If the financial strength is low, customers may not be able to settle their claims easily.

How to find the top health insurance companies?

Lucky for us, there are reliable and reputable organizations that devote much time, effort and research to rank health insurance companies in the country. Most of them would rank the companies based on a range of criteria that often includes the above-mentioned ones and more, thus providing us a more accurate and comprehensive representation of the companies. A.M. Best Company has been providing rating and analysis of insurance companies which helps us, consumers, assess their financial strength. They have been in this business for 200 years now and therefore, are experienced and reliable.

Another company you can turn to is J.D. Power and Associates. They rank health insurance companies based on all-inclusive criteria. Visit the following websites for more information: http://www.jdpower.com/insurance/articles/2009-Health-Insurance-Plan-Satisfaction-Study http://www.jdpower.com/Healthcare/ratings/health-plan-ratings

You should also consider checking up on the health insurance companies that you are interested in with Better Business Bureau. You’ll be able to read up on any complaints made against the companies and how they resolved the complaints. It helps you to gauge the reliability of the company. If you want to know the top 10 health insurance companies, you are going to have to do a little research on your own. It makes more sense since you know your needs better and you are the one who knows what you are looking for.