If you are trying to find the best health insurance companies in Florida, then you have come to the right place. Inside the Florida marketplace, there are many companies to choose from. All of them differ in benefits, costs, and plans, so it is important to compare them.
And, while there are many health insurance companies throughout the Sunshine State, we will be focusing on the companies inside the Obamacare (Affordable Care Act).
In this article, you will find more information about each company, pros and cons, the rankings, and much more. Let’s begin.
List of Florida health insurance companies
While there are many more companies under Obamacare, you must know that they are based on a per county (state) basis. It is possible that some of these companies will not appear in your area because they are not servicing your county.
Here is a list of all the ACA carriers in the Florida marketplace:
- Aetna
- Ambetter
- AvMed
- AmeriHeath Caritas Next
- Cigna Healthcare
- Florida Blue (BlueCross & BlueShield)
- Molina Healthcare
- Oscar Insurance Company of Florida
- UnitedHealthcare
- Health First Commercial Plans
- Florida Health Care Plans
- Capital Health
We understand that it is quite the list, and the options can be overwhelming. That is why we ranked the best companies in FL in a top 5 list. This list is based on multiple reviews across thousands of customers, the National Committee of Quality Assurance (NCQA) official ratings, and a thorough analysis of each individual company.
Best health insurance companies in Florida ranked
Note that this list is based on the state of Florida only. These rankings can change by state. Check out our list of the best health insurance companies in the USA to see the rankings overall of every company.
1. Florida Blue (BlueCross & BlueShield)
Cuspide Rating
Best overall company
AM Best Rating: A+
Types of plans: HMO, EPO, PPO, POS
Florida Blue is a plan specific to the Sunshine State offered by the BlueCross & BlueShield association. They rank as number 1 on our list for the top choice in Florida because of their large provider network, variety of plans, and affordability.
It has the largest network of doctors and hospitals in the state of Florida. Aside from that, FB is the only one on this list that offers all the 4 types of plans available; Health Maintenance Organization (HMO), Exclusive Provider Organization (EPO), Preferred Provider Organization (PPO), and Point of Service (POS).
On top of that, they offer all the 4 tiers in the marketplace, Bronze, Silver, Gold, and Platinum. That means Florida Blue offers Floridians the most complete coverage possible.
PROS
- Can choose from 4 types of plans (HMO, EPO, PPO, POS).
- Highest NCQA rating at 3.59 stars.
- Largest network in Florida.
- Offers all the metal levels in the marketplace.
CONS
- EPO plans have the highest cost in Florida.
2. Aetna
Cuspide Rating
Best rewards program
AM Best Rating: A
Types of plans: HMO
One of the best choices Floridians can make is to get a health plan with Aetna. They are one of the leading providers when it comes to plans that deal with managing your health. One cool feature is their same-day appointments with CVS clinics. This is because the acquisition of Aetna by CVS.
While in other states they offer more types of plans, in Florida, Aetna only offers HMO plans for their members. However, it has one of the largest networks of providers in the United States, so finding a doctor will not be hard. As far as complaints and reviews are concerned, they are all neutral earning an NCQA rating of 3.46.
Like some others on this list, they have a great rewards program for their members. You can earn cash prizes and much more when you get services done like preventive screenings, bloodwork, etc.
PROS
- Has a same-day appointment with CVS Health.
- Many wellness programs and cash rewards.
- Telemedicine services and managed healthcare plans.
CONS
- Their plans can be costly.
3. UnitedHealthcare
Cuspide Rating
Plans with highest quality
AM Best Rating: A+
Types of plans: HMO
Placing third on our list is the biggest health insurance company in America and that is UnitedHealthcare. Out of all the companies featured it has the strongest financials, getting an A+ from the AM Best Rating. You will never have to worry about claims with United.
They have the highest quality plans as well as including dental coverage for adults. Like others on this list, in Florida, they will only offer HMO plans. It is a great choice for household of all income brackets. They do have some variety on the tiers side of the plans, offering bronze, silver, and gold metal levels in the Florida marketplace.
PROS
- One of the largest networks of providers.
- Telemedicine services and wellness programs.
- Strongest financials in the entire list.
CONS
- Silver plans are some of the most expensive.
- No EPO or PPO plans available.
4. Ambetter
Cuspide Rating
Most affordable plans
AM Best Rating: B++
Types of plans: HMO, EPO
A solid choice to make for Florida health insurance is Ambetter (from Centene). They have a solid variety of both HMO and EPO plans available. For those who want more flexibility and don’t mind spending a little extra.
Another cool addition to getting an Ambetter health plan is their rewards program. It is called “myHealthPays” and you will get cash prizes of up to $500 for getting screenings, lab work, etc.
It also has some of the most competitive prices in the state of Florida with their Silver plans (Ambetter Standard Silver) ranking as #1 cheapest in the state. It is a great choice for those wanting coverage and extra little benefits.
PROS
- Cheapest silver plans in the marketplace.
- Great rewards programs that offer cash prizes.
- Has both HMO and EPO plans to choose from.
CONS
- High copays on their bronze plans.
5. Oscar
Cuspide Rating
Best member portal & app
AM Best Rating: N/A
Types of plans: EPO
One of the most dominant when it comes to pricing is Oscar Insurance Company of Florida. While in other states they offer HMO and PPO, in the Sunshine State you will only be able to find their EPO plans (meaning no referrals to see specialists).
Oscar’s best feature is their user experience. They have the best mobile app and member portal for functionality. With Oscar you can do everything online like virtual appointments, telemedicine services, and much more.
It is still relatively new as a company compared to the others for which they receive a 2.75-star rating by the NCQA. For those wanting affordable coverage in Florida, Oscar is a solid choice to go with.
PROS
- Some of the lowest cost plans in the FL marketplace.
- Best member experience through their mobile and website.
CONS
- Lowest NCQA rating of 2.75 stars.
How can you choose the best company?
Before you take steps to choose the best company it is important to know that there is not universally one company that is the best above the rest.
The “best” company relies on many different factors and will be different for everyone. Age, location, income, household size, all factors into the final plan you choose. To make sure you find the right one, there are a couple steps that you can take.
FIND OUT YOUR NEEDS: The first and most important step is to figure out why you need insurance. For those who need frequent medical care, they should invest a little extra into their plan, while those who just want it for worst case scenario can dial it back and choose something that doesn’t break their bank.
CHOOSE THE RIGHT TIER: Inside the ACA marketplace plans are divided into 4 metal levels or tiers. There are Bronze, Silver, Gold, and Platinum plans available for you to choose from. Generally, the higher the metal level, the more you will pay monthly, and the less medical care will cost and vice versa. That’s why silver plans are the best overall because they have extra cost-saving options and are a perfect balance.
Aside from that we recommend contacting us at Cuspide! We are certified insurance brokers with access to ALL the health insurance carriers in Florida which means you will always get the absolute best company.
Frequently asked questions
Any specific questions contact Cuspide at (305) 970-8583.
What is the most popular Florida health insurance company?
As of 2024, with over 7 million members, Florida Blue (BlueCross & BlueShield) is the most popular health insurance company in Florida. Over 52% of the population of the Sunshine State is covered by BCBS, making it the leading health insurer.
This is due to their large network (over 1.7 million doctors, hospitals, etc) and the variety of plans which they offer. On top of that, BlueCross & BlueShield has one of the highest ratings of all the companies in the marketplace and is regarded as the best company in Obamacare.
What are the cheapest health insurance companies in Florida?
The cheapest Florida health insurance companies are Ambetter, Aetna, and Oscar. Their silver plans are the most affordable in the Florida marketplace. Ambetter is the cheapest company in FL throughout all 3 tiers (Bronze, Silver, and Gold). It has a monthly cost of around $440 a month without a subsidy.
| Company | Monthly cost |
|---|---|
| Molina | $509 |
| Aetna | $510 |
| Ambetter | $530 |
| Cigna | $593 |
| AvMed | $567 |
| AmeriHealth Caritas Next | $534 |
| UnitedHealthcare | $572 |
| Health First Commercial Plans | $507 |
| Florida Health Care Plans | $521 |
| Oscar | $519 |
| Florida Blue | $502 |
| Capital Health | $512 |
Prices are based on a 40-year old buying an unsubsidized plan.
However, you must know that the “cheapest” company relies on your household income. The higher the income, the more you will pay for your plan. While these are the cheapest, if you have an income that is too high there may not be an “affordable” option for you. Always check with an agent/broker and compare all the plans in the marketplace.
How much does Florida health insurance cost?
In Florida, you can expect to pay around $393 a month for the lowest-cost silver plan without a subsidy and $60 a month with a subsidy. This will depend on your age, income, and location, as well as what kind of plan you go with. To find out more accurately, use your ACA subsidy calculator tool.
Bonus tip: You can save money with Cuspide because our clients pay on average $40 a month!
How to get the best health insurance companies in Florida
For those who want to compare the best plans, find doctors, help with payments, and more, contact Cuspide at (305) 970-8583. We are the best health insurance brokers in the business.
Share with us!
