Unitedhealth group – the largest and most diversified healthcare companies

Do you know the Unitedhealth group, the largest and most diversified healthcare companies?

Let’s discovery more about the group:

Understanding the Unitedhealth group one of the most diversified healthcare companies

Indeed the Unitedhealth group is one of the most diversified healthcare companies in the whole world.

UnitedHealth Group has a rich history that traces its roots back several decades, starting in 1974 when it was founded in Minnetonka, in Minnesota. Back in the day it was called United HealthCare Corporation.

The first health plan they had was created in 1977 and it was called Charter Med, made exclusive for seniors.

Throughout its history, UnitedHealth Group has played a pioneering role in the healthcare industry.

In 2003, UnitedHealth Group launched the Optum brand, signaling its entrance into health services and technology beyond traditional insurance.

And throughout the following years the Unitedhealth group continued to expand its portfolio of services and through acquisitions.

Today, UnitedHealth Group stands as a comprehensive healthcare company, encompassing UnitedHealthcare for insurance services and Optum for health services, technology, and pharmacy benefits.

Types of health care coverage from UnitedHealth Group 

We already know that the UnitedHealth Group is one of the most diversified healthcare companies, so they offer a variety of health care coverage to their clients.

Let’s know more about them:

Medicare

Medicare is a type of health care coverage that is destined mostly to people who are 65 or older, but it also includes disabled people under 65 and those with special conditions.

Talking about Medicare they have sub categories with different options each one, they are:

• Medicare Advantage plans, also known as Medicare Part C

This plan offers benefits from Medicare Part A and B, such as hospital stays and doctor visits, and in most cases can offer prescription drug coverage.

They also have additional benefits like dental and hearing coverage to those who need it.

• Medicare Supplement insurance plans, also known as Medigap

This option offers access to see any healthcare provider or medical facility that welcomes patients with Medicare.

And if you want to choose to purchase as a stand alone plan the part D Prescription Drug plan to be more secure.

• Prescription Drug Plans, also known as Medicare Part D

This program was made to assist in covering expenses related to prescription drugs for people who have the Original Medicare, that covers parts A and B, or has a Medigap plan.

It allows you to obtain your prescribed medications either by visiting a physical store or opting for convenient home delivery.

• Dual Special Needs plans, also known as D-SNPs

This plan was designed to people with the plans Medicare and Medicaid, and offers extra benefits that go beyond Original Medicare.

They also offer food and over the counter, OTC, bill credit, also dental and vision benefits.

Affordable Care Act

The Affordable Care Act, or ACA, it’s also called Obamacare or Bidencare. And they offer preventive care to their clients, also coverage to pre existing conditions, they provide a lot of benefits also, just like doctor visits, prescriptions and lab tests when it’s needed.

Medicaid

Medicaid is a federal and also a state program available to families with low income, seniors or people that suffer from some kind of disability.

For an individual to have this kind of health coverage they will need to qualify in a federal meeting so the state knows more about your income standards.

HMO, PPO, POS and SNP

These four types of Medicare Advantage Plans have different characteristics but are commonly mentioned together.

The HMO, Health Maintenance Organization, is a health care plan that requires referral to see specialists.

In second place PPO, or Preferred Provider Organization, offers more flexibility in choosing doctors and hospitals but it can have a higher cost.

The third one is Point of Service that will combine features of HMO and PPO health care plans.

And the last one SNP, Special Needs Plans, it’s an option designed specially to people that suffer from chronic diseases.

COBRA

COBRA stands for Consolidated Omnibus Budget Reconciliation Act, it’s a plan and program designed for people that may need help between jobs, so if you lose your job or have a reduction in work hours this program will be there to help you.

If you are covered under a UnitedHealthcare group health insurance plan through your employer and experience a qualifying event, you may be eligible for COBRA continuation coverage.

COBRA allows you to maintain the same health insurance coverage you had while employed, but you will be responsible for the full premium cost, including the portion that was previously covered by your employer.

Experience a qualifying event, such as termination of employment, reduction in work hours, or certain other life events to have access to this program.

Now that you know more about the Unitedhealth group, one of the largest and most diversified healthcare companies, it’s possible to choose the better health care plan coverage for you.

Daniel 18 de March de 2024