Annual Arizona Health Insurance Market Update
The following contains information for our NAHP Alternative Health Plan Solutions and ACA/Obamacare plans for individuals and small businesses in the state of Arizona.
Arizona Alternative Health Plan Solutions Updates
IMPORTANT NOTE: All non-ACA/Obamacare alternative plans are available year-round. For both individuals and small groups. There is NO limited (open enrollment) period for these options.
Health Insurance Buffet - Individual Alternative Plans
Arizona is one of our states with the most options in alternative health plans. For those who do not qualify for a tax credit subsidy to help pay for an ACA/Obamacare plan, we have a STRONG “Health Insurance Buffet” of alternative plans.
Our Primary Plan lineup includes the following:
Primary Fixed Benefit plans we now offer the following:
Manhattan Life – Their newest and best fixed benefit plan - Affordable Choice Enhanced Fixed Benefit Plan. NOTE: The Affordable Choice plans have the BEST inpatient hospital coverage of any fixed benefit plan available today. They have also significantly upgraded their overall coverage.
Philadelphia American – Their newest and best fixed benefit plan – Health Saver Plus Gold. NOTE: The HSP Gold plan offers the BEST overall coverage of any fixed benefit plan in the market.
Primary plan option - Short Term Medical (STM) plans are now available for duration's of 30 days up to as long as 36 months! We now offer plans from four great companies:
National General – Includes their best, updated STM plans with multiple deductible/coinsurance options for up to 36 months. Also includes your choice of the Aetna or Cigna nationwide PPO networks.
IHC Group - Includes their best, updated STM plans with multiple deductible/coinsurance options for up to 36 months.
United Healthcare – Also offers multiple STM plans for up to 36 months.
Pivot Health – Includes their three best, updated STM plans that include the choice of traditional PPO and unique “No Network” plans for up to 36 months.
IMPORTANT TIP: In , we recommend combining one of the Fixed Benefit plans together with a Short Term Medical plan above. The Fixed Benefit plan pays “first dollar” benefits for charges that are applied to your annual deductible on the Short Term Medical plan, which lowers or eliminates your out of pocket costs. This is a “best of both worlds” package with a much larger choice of providers that can still be at least 15-20% LESS than a high deductible ACA/Obamacare plan!
Our Supplemental Plan lineup has also expanded and improved:
REMINDER NOTE: All these supplemental plans pay in addition to ANY other coverage you have. So, they are NOT just for our alternative “buffet” plans. They can reduce/eliminate out of pocket costs (plus provide additional cash for bills and other costs) of ANY primary health plan (group, individual, Medicare, etc.)
Accident Plans – In addition to accident supplemental plans from all our Primary plan companies (above), we offer separate LifeSecure Accident plans.
Critical Illness Plans – Again, along with plans from all our Primary plan companies, we offer separate LifeSecure Critical Illness plans.
Accident + Critical Illness Plans - We have a new plan from the IHC Group called Metal Gap 2. This is a guaranteed issue product that offers $2,500 to $10,000 of both Accident and Critical Illness coverage.
Cancer and Dread Disease Treatment – This is my favorite addition to our supplemental plans. Manhattan Life Cancer Care PlusCancer and Dread Disease treatment plans. For those who choose one of Philadelphia American’s Fixed Benefit plans, their new Specified Disease plan is the preferred option for getting maximum coverage for Cancer and other Dread Diseases.
First Day Hospital Stay Protection – Along with plans from most of our Primary plan companies, Manhattan Life Out of Pocket Protection Plan is my favorite to include with whatever primary health plan YOU have. That includes employer group plans, Medicare, etc. We have a new plan from the IHC Group called Independence Hospital Insurance. This plan is a little more expensive than the Manhattan Life base plan, but includes outpatient surgery coverage in addition to inpatient hospital coverage.
Hospitalization Buy-Up - We have a new plan from Enrollment First. When paired with their SelectMed Pro or Max plans (see below), this plan provides an extra $50,000 or $100,000 of inpatient hospital coverage. This can be a great addition to a Fixed Benefit plan as your primary coverage to provide extra protection for hospitalization.
Preventive Care Plus Plans – For those who want the MOST comprehensive coverage for preventive care plus other outpatient services, we offer the Enrollment First SelectMed plans.
Prescription Drug Plans For anyone who needs extra coverage for high cost prescriptions, we offer the SHA SCRIPTS program that includes their SHARx prescription drug plan. This plan works with our alternative plans and any employer plan with a high deductible for non-preferred brand and specialty prescriptions.
More information on all plans above can be found on each company’s page on our website and on our US Supplemental Coverage page.
NOTE: You can also combine one of the above Fixed Benefit plans OR STM plans together with Accident, Critical Illness, Cancer Treatment, Hospital Indemnity and Preventive Care (Plus) plans and create a comprehensive plan that will still be at least 15-20% LESS than a high deductible ACA/Obamacare plan!
Small Group Alternative Plans
In addition to the four companies we already have (Allstate Benefits, Allied National, Trustmark and IHC Specialty Group), we have added two new companies. One is called Sana Benefits. The other is a company that has previously provided only fully insured plans to small businesses…United Healthcare .
All the above options provide cost-saving, level funded alternative group health plans. Level funded plans can be a BETTER option for many businesses than the “one size fits all” ACA/Obamacare small group health insurance plans.
If you own, or work for a business with 5 to 50 employees covered on a “traditional,” fully insured group health plan, and believe the covered group members to be reasonably healthy overall, then it might be time for your company to explore a level funded plan.
To get quotes on a level funded group health plan, please schedule a call with us to review your situation. We will also need you to fill out our Group Census spreadsheet and email it to: firstname.lastname@example.org.
Arizona 2022 ACA/Obamacare Health Insurance Market Updates
The following are some of the biggest updates/changes in the ACA/Obamacare individual market in Arizona.
Insurer participation in Arizona’s exchange has grown in recent years, with UnitedHealthcare rejoining the exchange in 2021 and Banner/Aetna CVS joining the exchange in 2022. As of 2022, there are eight insurers that offer plans in the Arizona exchange, and all of them will continue to do so in 2023.
Aetna is expanding their footprint in existing markets, including more counties in Arizona.
The participating insurance companies are proposing average rate changes ranging from a 5.5% decrease to an over 12% increase for plans in 2023.
Small Group Plans
As with many states there is not much “new” to report with ACA/Obamacare small group plans in Arizona.
As noted in the rates changes below, ACA/Obamacare small group plans had similar rate change requests as they did in 2022.
Arizona 2022 Preliminary Rate review:
NOTE: Final approved rates are not readily available at the time of this writing. We will do our best to update this page with the approved rates as soon as we can.
Arizona preliminary 2023 individual plan rate filing requests are as follows:
Aetna/Banner Health - requested an overall average decrease of 5.52% varying by plan (not finalized yet)
Blue Cross Blue Shield of AZ – requested an overall average increase of 7.56% varying by plan (not finalized yet)
Bright Health - requested an overall average increase of 4.18% varying by plan (not finalized yet)
Cigna – requested an overall average increase of 0.1% varying by plan (not finalized yet)
Ambetter-Health Net – requested an overall average decrease of 2.41% varying by plan (not finalized yet)
Medica - requested an overall average increase of 7.14% varying by plan (not finalized yet)
Oscar Health Plan - requested an overall average increase of 5.54% varying by plan (not finalized yet)
United Healthcare - requested an overall average increase of 12.35% varying by plan (not finalized yet)
Arizona small group market rate filing requests look like this
Aetna - filed for an average increase range of 4.96% to 8.34% increase varying by plan and network
Blue Cross Blue Shield of AZ – requested an overall average increase of 7.7% varying by plan
Cigna – filed for an average increase range of 7.88% to 11.9% varying by plan and network
Humana - filed for an average increase range of 3.88% to 4.89% varying by plan and network
United Healthcare - filed for an average increase range of 8.99% to 11.86% varying by plan and network
Arizona 2022 ACA/Obamacare Approved Rates:
Arizona individual plan approved rate filings are as follows:
Blue Cross Blue Shield of AZ – Received an overall average increase of % varying by plan
Bright Health - Received an overall average increase of % varying by plan
Cigna – Received an overall average increase of % varying by plan
Ambetter-Health Net – Received an overall average decrease of % varying by plan
Oscar Health Plan - Received an overall average decrease of % varying by plan
Arizona small group market approved rate filings look like this:
Aetna - Received an average increase range of to % increase varying by plan and network
Blue Cross Blue Shield of AZ – Received an overall average increase of % varying by plan
Cigna – Received an average increase range of % to % varying by plan and network
Humana - Received an average increase range of % to % varying by plan and network
United Healthcare - Received an average increase range of % to % varying by plan and network
US Healthcare Resources and Shopping Services
I invite you to go to my US Healthcare Resources page and spend some time going through all of the different tools, services and providers that are available to help you become a better health care consumer. I believe these resources can help you lower your overall health care costs no matter what primary health insurance you have.
U.S. Insurance Solutions is here to help
Remember, you are NOT in this alone…I am here to help! As your Personal Health Insurance Advisor, my goal is to make your life easier by taking the hassle out of finding the right health plan for your situation and needs.
To discuss your health insurance options and make sure you have the best possible health plan for your situation, please go to the link above with the image that says CALL ME and schedule a call with me on a day and time that works for you, and I will call you to review your options.