America’s Health Insurance Vs. United Healthcare: Which Company is Best in 2021?

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America’s Health Insurance Plans is an American trade association of health insurance companies. It offers certified Medicare Advantage and other health services overseen by CMS: Medicare Core Quality Measures. AHIP was formed in 2003 by merging the Health Insurance Association of America and the American Association of Health Plans. Its headquarter is located in Washington, District of Columbia.

In the United States, several organizations and the facilities are given, health care and the facilities are largely owned by private sector businesses. 58% of the community hospitals are non-profit, and 21% are for-profit. The government owns another 21% of hospitals. As of the 2014 WHO report, the United States burned through $9,403 on medical care per capita and 17.1% on medical services as a fraction of its GDP. In 2013, the US government paid 64% of health spending funded by programs like Medicare and Medicaid.

In 2016, employers provided health insurance plans to approximately 155 million people below the age of 65. According to the Congressional Budget Office (CBO), the health insurance premium for individual coverage was $6,400. In the case of family coverage, the estimation was $15,500. The Federal Government endowed the employer market with around $250 billion/year. Hence, health insurance premiums got eliminated from team member income. This encouraged young, healthy people to enrol in various health insurance plans.

United Health Group Incorporated is a for-profit health care organization based in Minnetonka, Minnesota, U.S. United Healthcare is a part of the UnitedHealth Group, which offers health care products and insurance services. Founded in 1977, the total revenue of United Healthcare comprises 80% of the Group’s overall revenue.

The United Healthcare Insurance Company controls the United Healthcare Community Plan. This plan offers low-cost health coverage to the recipients of Medicaid and Medicare advantage plans. They are the largest Medicaid coverage providers with a wide range of plans targeted for –

  • Adults and families in financial crisis
  • Pregnant mothers and their offspring
  • People needing help to live on their own
  • Children up to age 19
  • People with physical or mental disabilities or other serious health issues
  • Seniors qualifying for both Medicare and Medicaid

The Essential Plan is a special type of health insurance plan offered by the United Healthcare Community Plan. It is designed for individuals with lower incomes in New York. To avail of this plan, individuals have to meet the requirements for income or citizenship status. Besides covering the regular medical insurances, the Essential Plan also covers basic checkups and vision, dental, and hearing care therapies. Moreover, this plan also offers reimbursement for gym membership and home care supplies.

In 2015, United Health Group Incorporated and Aetna Inc. left America’s Health Insurance Plans. Another large insurance company, Humana Inc., also left the association in 2017.

Frequently Asked Questions

 
1. Which one is better between High and Low deductible health insurance plan?

Both high and low deductible health insurance plans are beneficial in their way. If an injury or illness requires medical care for a longer period, it is better to choose Low deductible health insurance plans. On the other hand, you can get access to HSAs with High deductible health insurance plans. It also offers more manageable premiums, tax benefits and can be a good source of retirement income.

 2. What plans does Medicare Advantage offer?

Medicare Advantage offers the following plans –

  • Hospital coverage: This plan covers the cost of hospital visits, home healthcare, nursing facilities, and clinical care.
  • Medical coverage: This plan covers the cost of services related to prevention, diagnosis, and treatment.
  • Prescription drug coverage: This plan covers a partial cost of your prescribed drugs.
  • Dental, vision, and hearing coverage: It covers the cost of annual screening and some assistive gear.
  • Other advantages: It includes additional services like fitness memberships.

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