UnitedHealthcare is an American for-profit managed health care company based in Minnetonka, Minnesota that was founded in 1977 to offer health care products and insurance services. It is now the largest healthcare company in the world, with $201 billion in revenue realized in 2017.
The company is led by CEO Stephen J. Hemsley, and UnitedHealthcare serves nearly 124 million individuals with health insurance which is more than any other major carrier. UnitedHealth Group is a member of the Dow Jones Industrial Average and is traded on the NYSE under the symbol UNH. It is also ranked 5th in the United Stats on the Fortune 500.
UnitedHealthcare (UHC) is a diversified health and well-being company serving medical health benefits through four divisions:
UnitedHealthcare Employer & Individual – provides a comprehensive array of consumer-oriented health benefit plans and services for large national employers
UnitedHealthcare Community & State – provides innovative managed care solutions to state Medicaid programs
UnitedHealthcare Medicare & Retirement – addresses the health and well-being of individuals age 50 and older
UnitedHealthcare Global – serves more than 4 million people with medical benefits, principally in Brazil, but also residing in more than 125 other countries
Optum is a solutions-based brand of UnitedHealthcare that blends curated data, leading analytics, and applied expertise to set the stage for smarter UnitedHealth systems. It is separated into these 5 divisions:
OptumInsight – Health Data Analytics, Payment Integrity, Life Science, Risk Quality & Network Solutions, Medical Billing
OptumRx – Pharmacy Benefit Manager (now includes all Unitedhealthcare membership) and Catamaran acquisition
OptumHealth – Healthcare delivery services and support including Consumer Solution Group and OptumCare (Behavioral Health and Substance Abuse, Dental, Vision, Transplant Management, and other ancillary services)
UnitedHealth Group invests more than $3.3 billion annually in technology and innovation which directly enhances UnitedHealthcare’s efficiencies and influence, both nationally and internationally.
UHC Member Statistics
UnitedHealthcare and its subsidiaries together served approximately 115 million individuals in 2016 and has grown to reach over 124 million individuals in the United States currently
Optum estimates that it now offers healthcare services to 4 out of every 5 U.S. hospitals and to 3 out of every 4 U.S. health plans.
Coverage by State
UnitedHealthcare and Optum provide medical benefits to people residing in all 50 United States (and more than 130 other countries)
Optum’s U.S. offices and facilities are located in:
Government agencies in 37 states and Washington D.C.
Plans and Prices
As the largest health insurance company in the United States, UnitedHealth Group offers many plan options through UnitedHealthcare. It’s important to understand that many smaller companies work in partnership with UnitedHealthcare and that its plan names and offerings vary accordingly.
In any case, prices can be low or high, depending on qualifying health conditions and lifestyle choices. You will better understand your current position to enroll in a United coverage policy by answering the questions in the health questionnaire provided.
Estimated Premium Rates
35 Years of Age: $300 – $350 monthly National Average is $300/mo
45 Years of Age: $330 – $450 monthly National Average is $350/mo
55 Years of Age: $470 – $730 monthly National Average is $550/mo
Each UHC plan falls into one of four different categories and is based on each individual’s service usage level:
Bronze Plan – Lowest monthly payments and all annual check-ups plus preventive care are fully covered. Tends to have higher deductibles but is the best plan available if you are expecting to go to the doctor only 1 time per year for an annual check up.
Silver Plan – Same preventative coverage as a Bronze Plan but with slightly higher monthly payments and moderately lower deductible. Best plan available if you are expecting to go to the doctor 1-2 times per year in addition to an annual checkup.
Gold Plan – Monthly payments are higher than the Bronze and Silver plans, however, you can expect a much lower deductible with a Gold Plan, meaning your out-of-pocket costs will be lower for frequent hospital visits and/or medical testing. Best plan available if you are expecting to go to the doctor 3-6 times per year in addition to an annual checkup.
Platinum Plan – Highest monthly payments but your deductible will be significantly lower than other access levels. As such, both emergency room visits and regular doctor visits are typically covered 100%. Best plan available if you are expecting to go to the doctor 7+ times per year in addition to an annual checkup.
Employer-based and Non-Group or Individual policies are also available. These types of plans offer customized benefits level access to United plans. See if you qualify for 2018 discounts that can save you 55%-75% on your health insurance premiums.
UNITEDHEALTHCARE HEALTH INSURANCE
Top Ten Reviews:8.2/ 10
ADVANTAGES / UnitedHealthcare’s resources through Optum make its online tools extremely comprehensive and easy to use. Coverage is available in every state with diverse & custom benefits offerings for every type of insurance coverage.
DISADVANTAGES / Consumer ratings reveal that UnitedHealthcare is one of the most expensive health insurance companies across the board, regardless of coverage type.
CONSUMER TAKEAWAYS / UnitedHealthcare is a massive organization that is able to offer full coverage to any prospective shopper. It provides a feature-rich online support system for members, making it a good choice for people who want to manage their health care electronically, and their customer service for members is backed by an extensive network of specialized employees. However, our findings indicate that UnitedHealthcare is the most expensive medical insurance provider in the off-marketplace private sector.
UnitedHealthcare prides itself in being the largest nationwide health insurance provider in the country and aims to cover major medical insurance needs while assisting its members in maintaining overall wellness. Its plans are generally more expensive than those of other health insurance carriers, but UnitedHealthcare hopes that a strong platform of online tools creates additional value so that members can manage profiles & accounts, get refills of prescriptions, track deductibles and expenses, find doctors in a particular area, reach the UnitedHealthcare nurse hotline (reduces number of office visits for more out-of-pocket savings), access its Health4Me app for smartphones and tablets, create better lifestyle choices through its wellness programs & informational website, etc.