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 take into account the highest 5 medical insurance corporations in Arizona by the dimensions 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 “high” something with regards to 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 just isn’t a big state when it comes to inhabitants nor within the whole variety of companies.
In reality, according to the Arizona Commerce Authority,
“Arizona has greater than 550,000 small companies, these with fewer than 500 workers. The US Small Enterprise Administration estimates that these companies make use of a million staff, representing 44.5% of the state’s personal workforce.”
The U.S. SBA, alternatively, reports 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 workers who represented 42.9 % of Arizona workers. And, of those, there are nearly 95,000 companies with lower than 20 workers.
In distinction, California, for instance, is dwelling to 4.1 million small companies. Just like Arizona, these companies characterize 99.8 % of all companies within the state and 48.5 % of the overall workforce. However, not like Arizona, they make use of 7.2 million staff – nearly 700 % extra.
The ACA considers an organization with 50 or fewer full-time workers to be a “small enterprise” and, whereas these small companies can qualify for the Small Enterprise Well being Choices Program (SHOP), discovering high quality, reasonably priced Arizona medical insurance for his or her workers on their very own might be difficult for a lot of of those enterprise house owners.
By the best way, take into account that FTEs, or full-time workers, embody these workers who work a mean of 30 hours per week or 130 hours per calendar month.
A Take 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 with regards to medical insurance for small enterprise house owners, there are just a few that stand out.
And bear in mind: the “high” or finest medical insurance for enterprise house owners is normally primarily based on an mixture “rating” primarily based on high quality, affordability, protection, and repute. Additionally, there isn’t any single best option for each employer or each group of workers. Like people, every one is completely different and has distinctive wants.
With that, listed here are 5 of the most effective medical insurance corporations for enterprise house owners in Arizona:
- Blue Cross Blue Defend of Arizona
Blue Cross Blue Defend of Arizona (BCBSAZ) provides 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 Defend Affiliation.
UnitedHealthcare combines tailor-made networks with progressive plan designs to fulfill your workers’ wants and your price goals.
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 provides whole-person well being plans designed for smaller corporations with 25-99 workers. A latest survey of Cigna prospects confirmed that they take into account the corporate’s engagement consultants to be a extremely precious useful resource.
Humana provides medical insurance plans for small companies (corporations with 2 to 50 workers) which might be designed to assist companies get monetary savings and assist preserve workers wholesome.
There are a number of nice causes to supply medical insurance in your workers although, with lower than 50 full-time workers, this isn’t a requirement. Together with supplying you with a hiring edge when attracting and conserving high quality workers, as an Arizona small enterprise employer you may obtain tax credit while you supply medical insurance protection to your workers.
In reality, if you’re a small enterprise with 50 or fewer workers and the typical annual wages of every worker is lower than $50,000, you might 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 shoppers since our founding in 1979. As a workforce of professional brokers, we small enterprise house owners 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 while you’re purchasing for insurance coverage protection in your workers, 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 allow you to discover the suitable answer.
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