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US Healthcare Plans Stocks: Leading US Healthcare Plans Companies in 2026

UnitedHealthcare served 48.5 mn people in Q2 2026, highlighting the scale of the US health insurance market. Healthcare plan companies sit at the centre of how millions of Americans access and pay for medical care, earning revenue through premiums, government programmes and related healthcare services. Their performance depends on factors such as medical costs, membership growth, premium pricing and regulatory changes. In this article, we explore US Healthcare Plans stocks and the leading companies available on the Tickertape US Stock Screener.

List of US Healthcare Plans Stocks in 2026

US Healthcare Plans Stocks

Explore US healthcare plans stocks providing health insurance, managed care and healthcare coverage services to individuals and organisations. Analyse companies using live share price, market cap, returns, valuation, profitability and other key financial metrics.

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Showing 1 - 11 of 11 results

last updated at 8:30 AM IST 
NameUS Stocks (11)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE Ratio (TTM)PE Ratio (TTM)↓↓1M Return1M Return↓↓1D Return1D Return↓↓Return on EquityReturn on Equity↓↓PB RatioPB Ratio↓
1.UnitedHealth Group IncorporatedUNHHealthcare PlansHealthcare Plans3,33,815.513,33,815.51378.58378.5823.9223.92-5.55-5.551.821.8214.1514.153.403.40
2.CVS Health CorpCVSHealthcare PlansHealthcare Plans1,10,579.781,10,579.7887.0187.0122.8122.81-9.43-9.430.620.626.216.211.451.45
3.Elevance Health IncELVHealthcare PlansHealthcare Plans83,804.8083,804.80394.51394.5117.0917.09-1.85-1.852.092.0911.1311.131.931.93
4.Cigna CorpCIHealthcare PlansHealthcare Plans71,484.9771,484.97271.29271.2911.1811.18-1.65-1.650.300.3016.7616.761.711.71
5.Humana IncHUMHealthcare PlansHealthcare Plans46,634.3946,634.39404.07404.0736.9236.920.240.244.104.106.896.892.342.34
6.Centene CorpCNCHealthcare PlansHealthcare Plans31,116.7531,116.7564.3064.30---0.43-0.432.082.08-20.36-20.361.361.36
7.Molina Healthcare IncMOHHealthcare PlansHealthcare Plans9,893.999,893.99194.05194.051,263.601,263.60-1.15-1.152.392.39-0.16-0.162.392.39
8.Oscar Health IncOSCRHealthcare PlansHealthcare Plans9,549.489,549.4832.4232.4223.8023.80-1.79-1.794.814.8134.2634.264.594.59
9.Clover Health Investments CorpCLOVHealthcare PlansHealthcare Plans2,326.462,326.464.684.68--9.099.096.896.89-5.10-5.106.456.45
10.Progyny IncPGNYHealthcare PlansHealthcare Plans1,935.821,935.8225.8625.8627.4227.42-4.75-4.752.512.5116.2416.244.374.37
11.Alignment Healthcare LLCALHCHealthcare PlansHealthcare Plans1,647.041,647.048.508.5041.7941.79-36.85-36.857.047.0420.0420.046.156.15
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Overview of the Top US Healthcare Plans Stocks

UnitedHealth Group Incorporated

UnitedHealth Group is a diversified healthcare company operating through UnitedHealthcare and Optum. UnitedHealthcare offers employer-sponsored, individual, Medicare and Medicaid health plans, while Optum provides healthcare services, pharmacy solutions, technology and data-driven services. Founded in 1974, the company serves individuals, employers, healthcare providers and government programmes across the US.

CVS Health Corp

CVS Health operates across health insurance, pharmacy benefit management, healthcare services and retail pharmacy. Its Aetna business provides health plans, while CVS Caremark supports pharmacy benefit management and the company's pharmacy network serves patients through retail and other channels.

Elevance Health Inc

Elevance Health is a US health benefits company offering employer, individual, Medicare, Medicaid and other health plans. Its Carelon businesses provide pharmacy services and healthcare solutions that complement its insurance operations. Formerly known as Anthem, the company is headquartered in Indianapolis, Indiana.

The Cigna Group

The Cigna Group operates across health insurance and healthcare services through Cigna Healthcare and Evernorth Health Services. Cigna Healthcare provides medical, dental, behavioural health and other coverage, while Evernorth delivers pharmacy benefit services, specialty pharmacy and care solutions. Headquartered in Bloomfield, Connecticut, the company serves employers, individuals and other healthcare organisations.

Humana Inc

Humana is a US health insurance and healthcare services company with significant exposure to Medicare Advantage. Founded in 1961 and headquartered in Louisville, Kentucky, the company provides government-sponsored and other health plans alongside primary care, pharmacy and home-based healthcare services through CenterWell.

What are US Healthcare Plan Stocks?

US Healthcare Plan stocks are shares of companies that provide or administer health insurance and related benefits for individuals, employers and government-sponsored programmes. These companies may offer commercial health insurance, Medicare Advantage, Medicaid managed care, prescription drug coverage and other healthcare services. Their revenue can come from insurance premiums, government programme payments, administrative fees and related healthcare businesses. Performance depends on membership, premium pricing, medical costs, government reimbursement and regulatory requirements.

How to Evaluate and Invest in US Healthcare Plan Sector Stocks?

Here's how to invest in US Healthcare Plan stocks from India, step by step:

  1. Log in or Create an Account: Visit Tickertape US Stocks and log in to your account. Create an account if you have not registered yet and complete the US investing account-opening process.
  2. Search for Healthcare Plans Stocks: Use the Tickertape US Stock Screener and select 'Healthcare Plans' under the industry filter.
  3. Analyse the Stocks: Review stock prices, financial performance, valuation, medical cost ratios, membership changes, business segments and recent company developments.
  4. Add Money to Your US Wallet: Connect an eligible bank account and transfer money to your US Wallet under the Liberalised Remittance Scheme.
  5. Place Your Order: Select the Healthcare Plans stock you want to invest in and click on 'Buy' to place the order through Tickertape.

Taxation of US Healthcare Plans Stocks for Indian Investors

The tax treatment of US Healthcare Plans stocks generally depends on the holding period, the investor's Indian tax status and the US rules applicable to non-resident shareholders.

Income / ActionHolding Period / ConditionTax Rate in the USTax Rate in India
Long-Term Capital Gains (LTCG)Held for > 24 months0% (Taxed only in India under DTAA)12.5% (+ applicable surcharge & cess)
Short-Term Capital Gains (STCG)Held for < 24 months0% (Taxed only in India under DTAA)Taxed as per your applicable income slab rate

Advantages of Investing in US Healthcare Plans Stocks

Exposure to Healthcare Spending

Health insurers provide coverage for medical treatment, medicines and other healthcare services. Their businesses connect investors to healthcare financing rather than only to drug development or medical equipment manufacturing.

Recurring Premium Revenue

Insurance companies collect premiums or receive payments under health plan contracts. Renewals and ongoing membership can create recurring revenue, although profitability depends on claims costs and pricing.

Multiple Customer Groups

Healthcare plan companies can serve individuals, employers and government-sponsored programmes. UnitedHealthcare served 48.5 mn people in Q2 2026 through a mix of commercial and government businesses.

Related Healthcare Services

Some insurers also operate pharmacy benefit, primary care and healthcare technology businesses. CVS combines Aetna health plans with pharmacy and healthcare services, while Cigna operates Evernorth alongside Cigna Healthcare.

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Risks of Investing in US Healthcare Plans Stocks

Higher Medical Costs

Unexpected increases in hospital treatment, prescription costs or healthcare utilisation can reduce insurer profitability. Humana reported a 91.2% Insurance segment benefit ratio in Q2 2026, indicating that medical benefits consumed a substantial share of premium revenue.

Regulatory Changes

Insurers operate under rules governing health plan benefits, premium pricing, claims, programme eligibility and government reimbursement. Changes to these requirements can affect membership, revenue and operating costs.

Membership Losses

An insurer may lose members when employers change providers, contracts end or government programme eligibility changes. UnitedHealthcare reported a sequential decline of 525,000 people served in Q2 2026.

Pricing and Claims Forecasting

Insurers set premiums before all future medical costs are known. If actual claims exceed estimates, the company may experience weaker margins or need to increase reserves.

Factors to Consider Before Investing in US Healthcare Plans Stocks

Medical Cost Ratio

The medical cost ratio, also called the medical benefit ratio or benefit expense ratio by some insurers, indicates the share of premium revenue spent on healthcare benefits. A higher ratio generally leaves less premium revenue available for administration and profit, although definitions can vary between companies.

Membership Growth

Membership affects premium revenue and the scale of an insurer's operations. Investors may compare changes in commercial, Medicare Advantage, Medicaid and individual health plan membership separately.

Premium Yield

Premium yield reflects the revenue an insurer earns per member or covered contract. It can change because of pricing, plan mix, benefits and government reimbursement rates.

Operating Margin

Operating margin shows how much revenue remains after operating costs. Medical expenses, administrative spending, pharmacy services and other business segments can influence consolidated profitability.

Key Growth Drivers for US Healthcare Plans Stocks

Health Plan Membership

Higher membership can increase premium and administrative revenue. However, growth is not uniform across segments. Humana reaffirmed an expectation of approximately 25% growth in individual Medicare Advantage membership for 2026, while UnitedHealthcare reported membership declines in parts of its government and employer businesses in Q2.

Premium Pricing

Insurers adjust premiums based on expected treatment costs, benefits and other factors. Pricing that reflects medical cost trends can support underwriting results, although competition and regulation constrain insurers' flexibility.

Medicare and Medicaid Programmes

Government-sponsored health plans are important revenue sources for several large insurers. Their performance depends on enrolment, government payment rates, benefit design and the cost of treating members.

Healthcare Services Expansion

Pharmacy benefits, specialty medicines, primary care and care management can provide additional revenue streams. Elevance reported growth in CarelonRx product revenue in Q2 2026, while Humana continued expanding its CenterWell primary care operations.

How to Track the Best US Healthcare Plan Stocks from India on Tickertape?

You can track US Healthcare Plan stocks and related ETFs from India on Tickertape's US Stocks & ETFs platform.

  1. Log in: Visit Tickertape and sign in to your account.
  2. Search Healthcare Plans stocks: Look up companies offering commercial health insurance, Medicare Advantage, Medicaid managed care and related healthcare services.
  3. Use the screener: Filter US stocks by the 'Healthcare Plans' industry.
  4. Compare metrics: Review market capitalisation, returns, valuation ratios, profitability, financial health and other available fundamental indicators.
  5. Create a watchlist: Add selected Healthcare Plans stocks to monitor their prices, earnings releases, membership trends and company developments.

Conclusion

US Healthcare Plan stocks include companies offering commercial health insurance, Medicare Advantage, Medicaid managed care and related healthcare services. Their performance depends on membership, premium pricing, medical expenses, government reimbursement and operating efficiency. Healthcare demand and related service businesses can support revenue, while rising treatment costs, membership changes and regulation remain important risks. Investors can use the Tickertape US Stock Screener to compare Healthcare Plans stocks using 60+ unique filters and custom filters across valuation, profitability, growth, financial health and other key metrics.

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Frequently Asked Questions on US Healthcare Plans Stocks

  1. What are healthcare plans?

    Healthcare plans are insurance or benefit arrangements that help cover eligible medical expenses, such as consultations, hospital treatment and medicines. US medical insurance plans differ in their premiums, covered treatments, provider networks and member payment requirements.

  2. What are US Healthcare Plan stocks?

    US Healthcare Plan stocks are shares of health care insurance companies that provide or administer health insurance and related benefits. They may offer commercial insurance, Medicare Advantage, Medicaid managed care and associated pharmacy or care services.

  3. Who are the top 5 Healthcare Plan companies?

    As of 25th September 2026, the top five companies in the healthcare stock list, ranked by market capitalisation are:
    1. UnitedHealth Group Incorporated
    2. CVS Health Corp
    3. Elevance Health Inc
    4. The Cigna Group
    5. Humana Inc


    Disclaimer: The above US Healthcare Plans stocks list is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing in US Healthcare Plans stocks from India.

  4. What is the outlook for US Healthcare Plans stocks?

    The outlook for health insurance stocks depends on medical cost trends, premium pricing, membership and government programme rules. Individual insurers can experience different financial outcomes depending on their exposure to commercial and government-sponsored plans.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

  5. Are US Healthcare Plans stocks risky for Indian investors?

    Yes. Risks include rising medical costs, changes to Medicare and Medicaid reimbursement, membership losses, pricing pressure and regulatory developments. Indian investors should also consider rupee-dollar movements and the tax treatment of US dividends.

  6. How can I compare US Healthcare Plans stocks on Tickertape?

    You can use the Tickertape US Stock Screener to compare healthcare sector stocks across market capitalisation, valuation, profitability, growth, financial health and returns. Select the Healthcare Plans industry filter to focus on health insurers and related businesses.

  7. Can beginners invest in US Healthcare Plans stocks?

    Beginners can access US Healthcare Plans stocks through platforms offering US equities. However, they should understand health insurance business models, medical cost ratios, premium pricing, government programme exposure and company financials before evaluating individual stocks.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should assess their financial goals and risk tolerance or consult a financial advisor before investing.

  8. How to invest in US Healthcare Plans stocks from India?

    Investors in India can access US Healthcare Plans stocks through Tickertape. The process generally involves:
    1. Create an account: Open a US investing account on Tickertape.
    2. Explore Healthcare Plans stocks: Compare companies offering health insurance and related healthcare services.
    3. Complete KYC: Verify your identity and submit the required documents.
    4. Link a bank account: Connect an eligible bank account for LRS remittances.
    5. Add funds: Transfer money to your US investing account.
    6. Place an order: Select a Healthcare Plans stock and place an order, including fractional orders where available.

  9. What are the advantages of investing in US Healthcare Plans stocks?

    Healthcare Plans stocks provide exposure to US healthcare insurance and healthcare financing. Some companies also operate pharmacy benefit, technology and care delivery businesses, creating multiple revenue streams. However, healthcare demand does not guarantee insurer profitability.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research before investing.

  10. What is the difference between individual US Healthcare Plans stocks and Healthcare ETFs?

    Individual Healthcare Plans stocks provide exposure to one company's insurance membership, medical costs and related services. Healthcare ETFs spread investment across multiple companies and may also hold pharmaceuticals, biotechnology, medical devices and healthcare facilities.

  11. What metrics are commonly used to evaluate US Healthcare Plans stocks?

    Common metrics include medical cost ratio, membership growth, premium revenue, operating margin, earnings per share, cash flow and return on equity. Investors tracking health insurance stocks today may also examine the latest quarterly results and changes in commercial and government-sponsored health plan membership.

  12. What is the medical cost ratio in health insurance?

    The medical cost ratio measures healthcare benefit expenses as a percentage of premium revenue. For example, an 87% medical cost ratio means the insurer spends approximately $87 on covered medical benefits for every $100 in relevant premium revenue. The remaining amount is not all profit because the insurer must also cover administrative and other expenses.

  13. What is Medicare Advantage?

    Medicare Advantage is a US Medicare coverage option offered through private insurers approved to participate in the programme. These plans provide Medicare-covered benefits and may include additional benefits, subject to the specific plan's terms and applicable programme rules.

  14. Do US Healthcare Plan stocks pay dividends?

    Several established Healthcare Plans companies pay dividends, including UnitedHealth Group, CVS Health, Elevance Health, Cigna and Humana. Dividend amounts and policies can change depending on earnings, cash flow, capital requirements and management decisions.

    Disclaimer: This information is for educational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before investing.

Disclaimer: This article is for informational purposes only. The content of the article, including securities/investment products mentioned, if any, should not in any manner be construed as investment advice, recommendation, offer, or solicitation to buy/hold/sell any securities/investment products. The securities quoted, if any, are for illustration only and are not recommendatory. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.