There is nicely over 100 insurance companies in Florida which give health insurance to both people or companies. In truth, in a report put collectively by the Florida Office of Insurance Regulation for the 2009 calendar 12 months, there was a complete of 139 totally different suppliers listed. Which of those insurance companies are the biggest, and by selecting the biggest suppliers, are you assured of getting nice Florida insurance at nice costs?
- Blue Cross & Blue Shield of Florida: Out of all of the insurance companies in Florida, Blue Cross & Blue Shield is the biggest health insurance supplier. They maintain a 27.14% market share within the state, and earned direct premiums of practically $ Four billion, whereas overlaying over 1.1 million folks.
- United Healthcare Insurance: United Healthcare Insurance is quantity 2 on this record, with a 15.39% market share, $ 2.2 billion of premiums and 690,000 lives coated.
- Aetna Health: Aetna is subsequent on the record of the biggest insurance companies in Florida, with a 13.66% market share. What's attention-grabbing is that they make virtually as a lot as United Healthcare in premiums, with $ 1.9 billion, however they cowl solely half as many individuals, 387,000.
- Avmed: All of the companies take a considerable drop off in market share after the highest 3. Avmed is subsequent up, with a 5% market share, $ 726 million in premiums earned, and 189,000 lives coated.
- United Healthcare of Florida: Listed individually then United Healthcare Insurance, the Florida department has a 4.56% market share and $ 654 million of premiums whereas defending about 127,000 folks.
Now that you understand the biggest insurance companies in Florida, it's time to ask whether or not or not you need to simply instantly go along with the large guys on the prime of this record. First, it have to be mentioned that the biggest companies usually get there with good motive – by offering reasonably priced and prime quality protection.
That doesn’t imply that the #1 or quantity 2 company goes to get you the bottom worth, or one of the best protection, on your personal distinctive wants, needs and circumstances. It's necessary to have the ability to store round and evaluate what's out there to you, and you don’t want to make any assumptions earlier than you possibly can see for your self the variations and what will likely be most helpful for you.
Working with Florida insurance specialists is a good way to get this finished, as they'll store round and do the legwork for you, and can discover a match that's good on your finances and desired degree of protection. The largest insurance companies in Florida are there for a motive, however don’t blindly select one over the opposite.