Top 5 Health Insurance Companies In Arizona

One of many issues that include rating companies like medical insurance corporations is that there are a number of methods of categorizing them.

For instance, if we have been to easily contemplate the highest 5 medical insurance corporations in Arizona by the scale of their membership, that wouldn’t essentially say a lot about how they rank when it comes to buyer satisfaction or the standard and variety of on-line critiques.

And a comparable state of affairs would happen have been we to solely rank these organizations by their gross revenues.

However the reality is that, for many functions, once we converse of the “prime” something on the subject of shopper items or providers – and the manufacturers that present them – we are sometimes talking of high quality.

So, with that in thoughts, let’s check out the highest 5 medical insurance corporations In Arizona.

Arizona’s Small Enterprise Panorama

Arizona shouldn’t be a big state when it comes to inhabitants nor within the complete variety of companies.

The truth is, in response to the Arizona Commerce Authority,

“Arizona has greater than 550,000 small companies, these with fewer than 500 staff. The US Small Enterprise Administration estimates that these companies make use of a million employees, representing 44.5% of the state’s non-public workforce.”

The U.S. SBA, alternatively, studies that there have been 611,097 small companies in Arizona in 2021, which was 99.5 % of all Arizona companies, and these employed 1.1 million staff who represented 42.9 % of Arizona staff. And, of those, there are nearly 95,000 companies with lower than 20 staff.

In distinction, California, for instance, is dwelling to 4.1 million small companies. Just like Arizona, these companies symbolize 99.8 % of all companies within the state and 48.5 % of the full workforce. However, not like Arizona, they make use of 7.2 million employees – nearly 700 % extra.

The ACA considers an organization with 50 or fewer full-time staff to be a “small enterprise” and, whereas these small companies can qualify for the Small Enterprise Well being Choices Program (SHOP), discovering high quality, inexpensive Arizona medical insurance for his or her staff on their very own will be difficult for a lot of of those enterprise homeowners.

By the best way, remember the fact that FTEs, or full-time staff, embody these staff who work a median of 30 hours per week or 130 hours per calendar month.

A Have a look at the Prime 5 Well being Insurance coverage Firms in Arizona

Relating to medical insurance, Arizona has a number of suppliers to select from. And on the subject of medical insurance for small enterprise homeowners, there are just a few that stand out.

And bear in mind: the “prime” or finest medical insurance for enterprise homeowners is often primarily based on an combination “rating” primarily based on high quality, affordability, protection, and fame. Additionally, there is no such thing as a single most suitable option for each employer or each group of staff. Like people, each is totally different and has distinctive wants.

With that, listed here are 5 of the perfect medical insurance corporations for enterprise homeowners in Arizona:

• Blue Cross Blue Protect of Arizona

Blue Cross Blue Protect of Arizona (BCBSAZ) presents medical insurance and associated providers to greater than 1.7 million prospects. BCBSAZ, a not-for-profit firm, is an unbiased licensee of the Blue Cross Blue Protect Affiliation.

UnitedHealthcare combines tailor-made networks with revolutionary plan designs to fulfill your staff’ wants and your price aims.

Cigna Administered by Oscar, or Cigna + Oscar, is small group medical insurance that’s accessible to Arizona employers throughout at the least 15 counties all through the state, together with Maricopa County.

• Cigna HealthCare of Arizona

Cigna presents whole-person well being plans designed for smaller corporations with 25-99 staff. A latest survey of Cigna prospects confirmed that they contemplate the corporate’s engagement consultants to be a extremely priceless useful resource. 

Humana presents medical insurance plans for small companies (corporations with 2 to 50 staff) which are designed to assist companies lower your expenses and assist preserve staff wholesome.

There are a number of nice causes to supply medical insurance to your staff regardless that, with lower than 50 full-time staff, this isn’t a requirement. Together with providing you with a hiring edge when attracting and holding high quality staff, as an Arizona small enterprise employer you may obtain tax credit once you provide medical insurance protection to your staff.

The truth is, if you’re a small enterprise with 50 or fewer staff and the typical annual wages of every worker is lower than $50,000, it’s possible you’ll be eligible for a federal tax credit score of as much as 50 % of the quantity you contribute towards worker insurance coverage premiums.

At J.C. Lewis Insurance coverage we might be blissful to speak with you about your choices and all the advantages that may be had with small group medical insurance protection.

J.C. Lewis Insurance coverage – Your Small Group Well being Insurance coverage Ally in Arizona

J.C. Lewis Insurance coverage is a long-time, family-owned insurance coverage company primarily based in northern California that has been serving purchasers since our founding in 1979. As a crew of professional brokers, we small enterprise homeowners small group insurance policy, all from solely the main medical insurance carriers licensed to do enterprise in California.

At J.C. Lewis, we help small enterprise employers with the preliminary set-up, annual renewal, and ongoing upkeep every firm requires and are contracted to promote insurance policies solely from the main carriers licensed to do enterprise in Arizona.

As a result of we’re skilled {and professional} insurance coverage brokers, we’re capable of serve all your firm’s well being, dental, and imaginative and prescient insurance coverage wants. And once you’re purchasing for insurance coverage protection to your staff, you in all probability have a number of questions and issues.

At J.C. Lewis Insurance coverage Companies, we welcome your questions about insurance coverage protection, and you may be assured that we’ll enable you to discover the precise answer.