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Health insurance stocks

Ready to invest in the medical insurance industry? Consider these 9 stocks.

The best health insurance stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

Best for Beginners

CIBC Investor's Edge


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  • Low fees
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Best for Lowest Commissions

Finder Award

Interactive Brokers


  • Access to international stock exchanges
  • Low margin rates
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Best for Easy-to-use App

Questrade


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Our picks for the best health insurance stocks

We round up a selection of stocks in or related to the medical insurance industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. UnitedHealth Group Incorporated (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

  • Previous close price: $510.10
  • Market capitalization: $468,200,882,176
  • 1 year performance: -0.82%
  • P/E ratio: 22.6152
Buy UNH stock on Interactive Brokers

2. Aflac Incorporated (AFL)

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates in two segments, Aflac Japan and Aflac U. S.

  • Previous close price: $77.67
  • Market capitalization: $45,332,869,120
  • 1 year performance: N/A
  • P/E ratio: 10.2292
Buy AFL stock on Interactive Brokers

3. MetLife (MET)

MetLife, Inc. , a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.

  • Previous close price: $62.90
  • Market capitalization: $47,302,184,960
  • 1 year performance: -5.08%
  • P/E ratio: 146.2791
Buy MET stock on Interactive Brokers

4. Humana (HUM)

Humana Inc. , together with its subsidiaries, operates as a health and well-being company in the United States. It operates through two segments, Insurance and CenterWell.

  • Previous close price: $495.21
  • Market capitalization: $61,217,492,992
  • 1 year performance: -2.90%
  • P/E ratio: 18.4145
Buy HUM stock on Interactive Brokers

5. HCA (HCA)

HCA Healthcare, Inc. , through its subsidiaries, provides health care services in the United States. It operates general and acute care hospitals that offers medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy.

  • Previous close price: $250.65
  • Market capitalization: $68,614,414,336
  • 1 year performance: 18.04%
  • P/E ratio: 12.4578
Buy HCA stock on Interactive Brokers

6. Oscar Health (OSCR)

Oscar Health, Inc. operates as a health insurance in the United States. The company offers Individual and Small Group, and Medicare Advantage plans, as well as +Oscar, a technology driven platform designed to help providers and payors directly enable their shift to value-based care It also provides reinsurance products.

  • Previous close price: $19.77
  • Market capitalization: $1,398,007,808
  • 1 year performance: -2.28%
Buy OSCR stock on Interactive Brokers

7. Anthem (ANTM)

Anthem, Inc. , through its subsidiaries, operates as a health benefits company in the United States. It operates through four segments: Commercial & Specialty Business, Government Business, IngenioRx, and Other.

  • Previous close price: $0.00
  • Market capitalization: $116,342,792,192
  • 1 year performance: N/A
  • P/E ratio: 18.9917
Buy ANTM stock on Interactive Brokers

8. Primerica (PRI)

Primerica, Inc. , together with its subsidiaries, provides financial products to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.

  • Previous close price: $155.38
  • Market capitalization: $7,058,220,032
  • 1 year performance: 50.50%
  • P/E ratio: 18.1379
Buy PRI stock on Interactive Brokers

9. Globe Life (GL)

Globe Life Inc. , through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.

  • Previous close price: $91.74
  • Market capitalization: $10,567,654,400
  • 1 year performance: N/A
  • P/E ratio: 15.1427
Buy GL stock on Interactive Brokers

How to buy health insurance stocks

With an online trading account, you can buy health insurance stocks in a few simple steps:
  1. Compare online trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Use our comparison table to narrow down top brokers by fees and bonuses.
  2. Open and fund your account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for the stock you're interested in. Find the stock by name or ticker symbol, like UNH or AFL. Research its history to confirm it's a solid investment against your financial goals.
  4. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy fractional shares, depending on your broker.
  5. Buy the stock. Congratulations, you own a part of a health insurance company. Optimize your portfolio by tracking how your stock — and even the sector as a whole — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Buy health insurance stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

1 - 4 of 4
Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Finder Rating:
★★★★★
4.3 / 5
Stocks, Bonds, Options, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
N/A
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
CIBC Investor's Edge
Finder Rating:
★★★★★
3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs
$4.95–$6.95
$0 if conditions met, or $100
N/A
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Questrade
Finder Rating:
★★★★★
4.3 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
Get $50 in free trades when you fund your account with a minimum of $1,000.
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
CASHBACK
Qtrade Direct Investing
Finder Rating:
★★★★★
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to $150 cashback. Use promo code OFFER150. Conditions apply. Ends October 31, 2023.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in health insurance stocks, keep in mind that — like any investment — health insurance stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the medical insurance industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.

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