The prescription drug insurance industry is a dynamic environment comprised of a variety of providers that offer coverage for medicines prescribed to individuals by their healthcare professionals. These companies typically operate within the larger healthcare and insurance sectors and their offerings range from standalone prescription plans to combining it with broader healthcare plans for individuals or groups. Their key services include negotiating drug prices, managing medication distribution and ensuring policyholders access necessary medications in a cost-effective way. With the soaring costs of prescription drugs and an aging global population, the industry's future could likely revolve around increasing affordability, digitization and personalization of services for a wider consumer base.


Top 25 Prescription Drug Insurance Companies

1. EnvisionInsurance

Elixir RxPlus is a prescription drug plan for Medicare beneficiaries offered by Elixir Insurance Company. It provides reliable and affordable drug coverage through its pharmaceuticals and convenient pharmacies located in its network.


2. HealthSun Health Plans

  • Website: healthsun.com
  • Headquarters: Miami, Florida, United States
  • Founded: 2005
  • Headcount: 201-500
  • Latest funding type: Acquired
  • LinkedIn

HealthSun is a Medicare Advantage plan provider in Florida. They offer plans with coverage for Medicare beneficiaries, including prescription drug benefits. With a five-star rating for six consecutive years, HealthSun is committed to providing high-quality healthcare services to its members.


3. C & O Employees Hospital Association

  • Website: coeha.com
  • Headquarters: Clifton Forge, Virginia, United States
  • Founded: 1897
  • Headcount: 1001-5000
  • LinkedIn

C and O Employees’ Hospital Association provides Medicare supplemental insurance with and without prescription drug coverage. It is affordable, portable, and offers enhanced Employer/Union Medicare Part D Prescription Drug Plan.


4. Trusted Senior Specialists

Trusted Senior Specialists is a veteran-owned business with over 17 years of experience serving Medicare beneficiaries and Veterans. They provide guidance and assistance to those new to Medicare, helping them find the best coverage options that fit their unique needs. They offer insurance plans such as Medicare Advantage, Medicare Supplement, and Medicare Prescription Drug Plans, as well as ancillary products like dental, vision, and hearing coverage. They prioritize protecting the health, wealth, and well-being of their customers.


5. Adroit Health Group

Adroit Health Group offers innovative healthcare products and solutions. They provide coverage for cancer, heart attack, and stroke plans, as well as supplementary plans for dental costs. Their complementing healthcare solutions include short-term medical coverage, accident and sickness packages, prescription drug plans, and vision plans. Adroit Health Group aims to bridge coverage gaps and help customers avoid major out-of-pocket expenses. They prioritize customer service and offer cost-effective healthcare options that cater to individual lifestyles. They collaborate with prominent insurers and health vendors to deliver valued health insurance benefits.


6. Health Plan One

Medicare Solutions is an insurance company that specializes in providing insurance plans and coverage options for Medicare recipients. They offer a variety of plans, including Medicare Advantage, Medicare Supplement, and Prescription Drug Plans.


7. GoldenCare USA

  • Website: goldencare.com
  • Headquarters: Plymouth, Minnesota, United States
  • Founded: 1974
  • Headcount: 501-1000
  • LinkedIn

GoldenCare offers various insurance products to help with all insurance needs. They provide innovative insurance products for Long-Term Care, Critical Illness, Medicare Supplements, Medicare Advantage plans, Prescription Drug plans, Life insurance, and Annuities.


8. Christensen Group Insurance

Christensen Group is a trusted insurance agency that has been securing futures and protecting clients for over 70 years. They prioritize relationships and offer a range of insurance solutions, including business insurance, personal insurance, retirement plans, and more. With a focus on understanding clients' needs and leveraging their extensive network of carriers, they design tailored plans to ensure comprehensive coverage. Their team acts as advocates, providing support and guidance throughout all stages of life.


9. Christiansen Insurance Services

CIS Medicare is an independent insurance agency offering customized health plans with a primary focus on Medicare, ACA Health, Employee Benefits and Individual Health.


10. Medical Foot Care Center, P.C.

Medicare Providers is a company helping seniors simplify Medicare. They offer Medicare supplement insurance plans, Medicare Advantage plans, and Prescription Drug plans.


11. Your Medicare Plan Coach

Your Medicare Plan Coach is an independent insurance agency in Ohio, specializing in Medicare health and drug insurance plans from various carriers. They offer free consultation services.


12. Peritia Advisors

Peritia Advisors provides health care knowledge and comprehensive advice on every product and plan available in the state to get the most affordable and comprehensive health care solution.


13. Wallace Insurance LLC

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14. The Insurance Place

Welcome to The Insurance Place, where high quality, competitive pricing and excellent customer service are key components of everything we do. * We specialize in health insurance. * We are an independent agency, which gives us access to a wide range of insurance companies. * Because we represent different companies, we can design a program tailored to meet your particular needs.


15. United Medicare, Inc.

Our Story Our goal is to make selecting Medicare plans easy and understandable. We can only reach that goal when our customers have peace of mind and confident knowledge that they have selected the best plan options for their needs and their pocketbook.


16. Hovis & Associates

Hovis & Associates is a long-standing family business with family values created in 1984. It has been established as the premier insurance and financial services consulting firm locally and focuses on three areas of business: 1) Agent Services: The firm has rapidly expanded to become a Field Marketing Organization or a Managing General Agency for the top Medicare companies throughout the Midwest. Hovis & Associates is an independent agency that assists agents in providing the most appropriate senior benefit offerings for your clients. Why work with Hovis & Associates? - Contracts with every major carrier - Quarterly Training Sessions - Continuing Education (CE) courses to save you time and money - Annual Market overview meeting - E&O Reimbursement Program - Dr. & Hospital Partnership Programs - No minimum production requirements - ALWAYS PAY THE HIGHEST, STREET-LEVEL COMMISSIONS direct from the insurance companies - Compliance & HIPAA Training and Support - Marketing Reimbursement Program - Agent Referral Program - Book of Business Buyout for Retirement Program (Succession Plan) 2) Medicare Consulting - Medicare Supplements, Prescription Drug Plans and Medicare Advantage Plans, Dental/Vision/Hearing, Final Expense, Indemnity Plans, and Life Insurance 3) Financial Services - Retirement Planning, Alternative Investments, IRAs, Mutual Funds, Stocks, Bonds, and Annuities ***Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Hovis & Associates are not affiliated. We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. We only offer reputable plans.


17. US Medicare Agency

For the last 10 years NCIP/US Medicare Agency has specialized in Sr. Health Insurance plans including Medicare Advantage and Supplemental and Prescription Insurance. Our agents appreciate that every person is unique and no two plans are the same. We are dedicated to understanding your needs and educating you on the plan that fits your health care concerns. We want to provide the level of customer satisfaction that you deserve while choosing a health care plan.


18. Universal American

  • Website: universalamerican.com
  • Headquarters: White Plains, New York, United States
  • Founded: 1981
  • Headcount: 1001-5000
  • Latest funding type: Acquired
  • LinkedIn

Universal American Corp. is a company that pioneers collaborations between doctors, patients, and their own organization. They aim to create a healthy collaboration for better healthcare outcomes. They offer various Medicare Advantage plans like Today's Options® PPO, Today's Options® PFFS, TexanPlus® HMO, and TexanPlus® HMO-POS.


19. CommunityCare

  • Website: ccok.com
  • Headquarters: Tulsa, Oklahoma, United States
  • Founded: 1993
  • Headcount: 201-500
  • LinkedIn

CCOK.com is a company that provides health care services and insurance plans in Oklahoma. They offer a wide range of Medicare plans, including Senior Health Plan Medicare Advantage plans and the CommunityCare Prescription Drug Plan. The company is committed to delivering high-quality and affordable health care to its members.


20. United Healthcare Medicare Solutions

UHC Medicare Solutions provides tools and resources to help individuals choose the right Medicare plan. They offer Medigap plans that cover out-of-pocket costs not covered by Medicare Parts A and B. Their plans allow patients to choose any doctor or hospital that accepts Medicare. Their website also provides enrollment assistance and member resources.


21. Ensurem

  • Website: ensurem.com
  • Headquarters: Largo, Florida, United States
  • Founded: 2016
  • Headcount: 201-500
  • Latest funding type: Debt Financing
  • LinkedIn

Ensurem is a licensed insurance agency that provides personalized guidance to individuals seeking insurance options. They specialize in Medicare Advantage, Medicare Supplement, and Medicare Part D plans, offering a wide variety of health and supplemental plans to match different lifestyles.


22. HealthWorks

HealthWorks Insurance is a licensed health insurance advisor that offers a wide range of plans to cover medical expenses. With years of experience, their team of licensed advisors assesses individual needs and finds affordable insurance coverage that works. They prioritize customer service and are committed to the health and wellness of their clients.


23. Nate Hogancamp - Sales Agent

SmartMatch Insurance Agency is an independent agency offering personalized assistance in finding Medicare coverage throughout the country.


24. Premier Benefit Consultants

  • Website: pbchawaii.com
  • Headquarters: Honolulu, Hawaii, United States
  • Founded: 2008
  • Headcount: 51-200
  • LinkedIn

Premier Benefit Consultants is an independent insurance agency that specializes in health insurance for those currently with and those looking to transition onto Medicare insurance. They provide in-depth consultations, education presentations, and complimentary guidance to help individuals understand their insurance needs and options. They are dedicated to providing exceptional customer service and being a trusted health insurance advisor.


25. Med-Care Senior Insurance Solutions

  • Website: med-careaz.com
  • Headquarters: Scottsdale, Arizona, United States
  • Founded: 2009
  • Headcount: 201-500
  • LinkedIn

Over 25 years of experience providing successful Medicare products and solutions for our clients including Medicare Advantage, Medicare Supplement Insurance and Medicare Part D Prescription Plans. We ensure the best viable options for the ever changing, complex world of Medicare Insurance and our fully licensed and highly trained agents are available to guide our clients to the perfect solution for their Medicare needs. Health care reform is ongoing and Med-Care Senior Insurance Solutions keeps clients and brokers ahead of the curve. We manage changes as well as opportunities through multiple channels, including serving on Advisory Boards for several major carriers. Med-Care is licensed in: Arizona - California - Illinois - New Mexico - Nevada - Texas - Utah - Washington - Idaho - New Jersey - Pennsylvania - Tennessee - Colorado - Florida - Oklahoma - Montana Med-Care is committed to supporting every element of our agents’ business, building long-standing partnerships to maximize growth and profitability.


Want to find more prescription drug insurance companies?


If you want to find more companies that cover essential prescription drug costs you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


With Inven you'll also get to know the company's:


  • Ownership: Which of these are private equity backed? Which are family-owned?
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  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!