U.S. Family Floater Health Insurance Market Report 2023: Sector to Reach $5.43 Trillion by 2030 at a 3.5% CAGR – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “U.S. Family Floater Health Insurance Market By Type (Public, Private), By Household Relations (Married Couple Family, Unmarried Female Reference Person), By Income-to-Poverty Ratio, By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.

The U.S. family floater health insurance market size is projected to reach USD 5.43 trillion by 2030, expanding at a CAGR of 3.54% during the forecast period.

The market for family floater health insurance is projected to reach new heights because of the increase in small businesses and technological advancements in the insurance sector.

Also, several family floater health insurers gather a range of data using predictive analytics to completely comprehend the client’s medical history. The use of technology is intended to foster customer loyalty and strengthen the company’s position in the market by providing cutting-edge services, such as quick and convenient insurance plans with lower premium rates.

The COVID-19 pandemic brought a sharp focus on the need for healthcare reforms that promote universal access to affordable care. The rise in demand for health insurance was due to the increased awareness about health insurance policies and how it can cut down the overall burden to pay huge amounts of bills on healthcare services led to increased adoption post the covid-19 outbreak.

In addition, the COVID-19 pandemic has also led to a rise in the prevalence of mental illnesses. Isolation, fears of contracting the virus, and economic uncertainty have contributed to a growing mental health crisis. For instance, according to WHO, in the first year of the pandemic, the global prevalence of anxiety and depression increased by a massive 25%, Thus, this has highlighted the need to focus on mental health. Therefore, insurers are now focusing on developing products that can also cover mental illnesses representing lucrative growth opportunities for the U.S. family floater health insurance market.

U.S. Family Floater Health Insurance Market Report Highlights

• The private segment dominated the market with the largest revenue share in 2022 owing to a large number of people opting for private health insurance to avail better healthcare facilities and services
• Married couple family segment accounted for the highest revenue share in 2022 owing to the presence of a large number of married couples opting for family health insurance in the country
• Unmarried female reference person segment is expected to witness maximum growth over the forecast period owing to the rising number of single mothers in the country
• At or above 400 percent of poverty segment held the highest share as affordability plays an important role in purchasing health insurance
• South U.S. region dominated the market due to the widespread presence of insured population in the region

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. U.S. Family Floater Health Insurance Market Variables, Trends & Scope

Chapter 4. U.S. Family Floater Health Insurance: Type Estimates & Trend Analysis

4.1. Definitions and Scope

4.1.1. Public

4.1.2. Private

4.2. Type Market Share, 2022 & 2030

4.3. Segment Dashboard

4.4. U.S. U.S. Family Floater Health Insurance Market by Type Outlook

4.5. Market Type & Forecasts and Trend Analyses, 2018 to 2030 for the following

4.5.1. Public

4.5.1.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

4.5.2. Private

4.5.2.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

Chapter 5. U.S. Family Floater Health Insurance: Household Relations Estimates & Trend Analysis

5.1. Definitions and Scope

5.1.1. Married Couple Family

5.1.2. Unmarried Male Reference Person

5.1.3. Unmarried Female Reference Person

5.1.4. Unrelated Subfamilies

5.1.5. Secondary Individuals

5.2. Household Relations Market Share, 2022 & 2030

5.3. Segment Dashboard

5.4. U.S. Family Floater Health Insurance Market by Household Relations Outlook

5.5. Market Type & Forecasts and Trend Analyses, 2018 to 2030 for the following

5.5.1. Married Couple Family

5.5.1.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

5.5.2. Unmarried Male Reference Person

5.5.2.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

5.5.3. Unmarried Female Reference Person

5.5.3.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

5.5.4. Unrelated Subfamilies

5.5.4.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

5.5.5. Secondary Individuals

5.5.5.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

Chapter 6. U.S. Family Floater Health Insurance: Income-to-Poverty Ratio Estimates & Trend Analysis

6.1. Definitions and Scope

6.1.1. Below 100 percent of poverty

6.1.2. Between 100 and 199 percent of poverty

6.1.3. Between 200 and 299 percent of poverty

6.1.4. Between 300 and 399 percent of poverty

6.1.5. At or above 400 percent of poverty

6.2. Sales Channel Market Share, 2022 & 2030

6.3. Segment Dashboard

6.4. U.S. U.S. Family Floater Health Insurance Market by Sales Channel Outlook

6.5. Market Type & Forecasts and Trend Analyses, 2018 to 2030 for the following

6.5.1. Below 100 percent of poverty

6.5.1.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

6.5.2. Between 100 and 199 percent of poverty

6.5.2.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

6.5.3. Between 200 and 299 percent of poverty

6.5.3.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

6.5.4. Between 300 and 399 percent of poverty

6.5.4.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

6.5.5. At or above 400 percent of poverty

6.5.5.1. Market estimates and forecast, 2018 – 2030 (Revenue in USD Billion)

Chapter 7. U.S. Family Floater Health Insurance Market: Regional Estimates & Trend Analysis

Chapter 8. Competitive Landscape

Companies Mentioned

• Cigna
• Bupa
• Now Health International
• Blue Cross Blue Shield Association
• Anthem, Inc. (Now Elevance Health)
• The IHC Group
• Health Partners Group Ltd
• Aviva
• Providence Health Plan
• Harvard Pilgrim Health Care, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/9tn92b

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