Finding the Best Group Health Insurance Company in Tempe, AZ

As an employer in Tempe, Arizona, providing quality health insurance for your employees should be a top priority With rising healthcare costs, choosing the right group health insurance company can be challenging. You want adequate coverage at an affordable price from a reputable provider This article will guide you through factors to consider when selecting group health insurance in Tempe and provide tips on getting the best plan for your business.

Overview of Group Health Insurance in Tempe, AZ

Tempe is part of the Phoenix metropolitan area and home to Arizona State University. With a population around 185,000, it has a vibrant local economy. Many Tempe businesses, both large and small, offer health benefits to recruit and retain talent.

Group health insurance rates in Tempe are consistent with national trends, rising 5-10% annually in recent years. However, the city has a very competitive insurance marketplace with national and regional companies all vying for group clients. This gives employers bargaining power when negotiating rates and coverage.

The Affordable Care Act (ACA) established protections and benefits standards for group plans All policies must cover essential health benefits like hospitalization, prescriptions, maternity care, and mental health services. The ACA also removed lifetime limits on coverage and allows children to stay on a parent’s plan until age 26

Key Factors to Consider When Choosing a Group Insurer

As you evaluate group health insurance providers in Tempe. here are some important considerations

• Provider network – Look for a large network with your employees’ existing doctors and hospitals in-network to minimize disruption.

• Plan options – Offer multiple plan tier choices (gold, silver, bronze) at different price points to suit different budgets.

• Prescription coverage – Having affordable prescription benefits is a top priority for many employees.

• Cost – Balance premiums, deductibles, copays, and out-of-pocket costs to find the optimal value. Get quotes from multiple carriers.

• Customer service – You’ll want a responsive rep assigned to your account to resolve issues quickly.

• Wellness programs – Some insurers offer smoking cessation, weight loss, and disease management programs.

• Compliance – Choose an established insurer that stays current with regulations and compliance.

Top Group Health Insurance Providers in Tempe, AZ

Some of the leading group health insurance companies with a strong presence in Tempe include:

• Aetna – Offers a broad PPO network and online administration tools for employers. Wide selection of plans.

• Blue Cross Blue Shield of Arizona – Regional not-for-profit company with strong brand recognition. Competitive rates.

• Cigna – National insurer with a variety of plan options and wellness programs. Strong hospital network.

• Humana – Headquarters in Tempe. Large national carrier with many plan choices and specialty programs.

• UnitedHealthcare – Manages plans for many large employers. Has extensive provider networks.

These large insurers generally have the most extensive plan offerings, provider access, andself-insured capabilities. There are also smaller regional insurers in the Tempe market to consider if you desire more personalized service.

Tips for Getting the Best Group Health Plan

Here are some tips to get optimal coverage and pricing as you shop for group health insurance:

• Use an independent broker to compare quotes across multiple insurers.

• Consider self-funding your plan if you have over 50 employees. This cuts costs.

• Ask about bundling with other policies like dental or life insurance.

• See if workplace wellness programs can help lower premiums.

• Calculate exactly how much premium subsidy your company can afford.

• Evaluate competing proposals in detail to compare networks, drug prices, and total cost impact.

• Negotiate rates aggressively – insurers want your business.

• Measure employee satisfaction with benefits to ensure you meet their needs.

• Review plans annually and switch providers if you find a better deal.

Work with an Experienced Broker

Partnering with an independent insurance brokerage is the best way to ensure you get an optimal health plan for your business. Rather than just one company’s offerings, they show you plans from across the market.

Brokers like Taylor Benefits Insurance Agency have over 35 years of experience working with Tempe companies on group benefits. They act as your consultant to analyze your workforce demographics, budget parameters, and objectives. Taylor Benefits will present you with unbiased plan recommendations tailored to your needs.

Their industry expertise and negotiating power deliver significant time and cost savings versus trying to evaluate and select group insurance on your own. They also handle open enrollment and ongoing administration. Let them find the perfect health insurance fit for your Tempe organization.

Provide Quality Benefits to Your Tempe Employees

As competition for talent increases, employees today expect good benefits packages. Offering group health insurance, even if not required for your company size, shows you care about your employees’ well-being. Take time to find the right carrier at a workable cost to boost recruitment and retention. Consult an experienced broker to maximize plan value and employee satisfaction.