Category Archives: Health Insurance

Arizona Health Insurance Statistics

Arizona Medical Insurance Statistics

Consider the following statistics about health care coverage in Arizona:

Total Arizona Residents – 6,440,854
Arizona uninsured residents – 18.92%
Total Arizona HMO enrollment – 1,602,458
Avg annual employee premium in AZ employer-sponsored plan (after employer contrib): $811
Avg AZ hospital cost per inpatient day (before insurance) – $2,039

Source data according to the Kaiser Family Foundation:
Health Insurance Coverage of the Total Population, states (2007-2008), U.S. (2008)
Total HMO Enrollment, July 2008
Average Single Premium per Enrolled Employee For Employer-Based Health Insurance, 2008
Hospital Adjusted Expenses per Inpatient Day, 2007

Federal Small Business Health Tax Credit for AZ Small Businesses

In 2010, the President signed into law the Patient Protection and Affordable Care Act, which includes special federal tax credits for small businesses offering health insurance, dental insurance or vision insurance to employees. The credit is only available for tax years 2010-2013 and is designed to make health insurance benefits more affordable for small business owners before health reform is fully implemented in 2014.

The federal tax credit will reimburse qualifying small businesses for up to 35% of the premiums they pay towards employee medical, vision and dental insurance. Tax-exempt organizations may qualify for a tax credit of up to 25%. To qualify for the full credit, the following criteria must be met:

  • The company employs fewer than 25 full-time workers (or equivalent)
  • Average annual wage per worker must be less than $50,000
  • The employer must currently pay at least 50% of the total premium for employee coverage (not counting dependents)

Small businesses with fewer than 10 full-time employees that pay average annual wages of $25,000 or less may qualify for the full credit. The amount of the credit is reduced for companies with more full-time workers and higher wages, until it is phased out entirely for those with 25 or more full-time workers and average annual wages over $50,000.

Because eligibility rules are based in part on the number of full-time employees, not the total number of all employees, businesses that use part-time help may qualify even if they employ more than 25 individuals.

PPACA Obamacare is coming in October

The PPACA , or Obamacare as it is known to many will be rolling out very soon. The legislation as most of us recall is very confusing, well over 1,000 pages in length, and has provisions that will be enforced by the IRS. The insurance premiums for many people will increase drastically while many others will qualify for subsidies that will lower their premiums considerably.

At AZSHIS, we have studied this legislation in great detail and have relationships with many carriers in Arizona that will be providing health insurance to those under the age of 65. Stay tuned for news about one of upcoming seminars that will provide information about Obamacare . We will also  enroll you  in a health insurance plan when they become  available this October.


Medicare Part D Drug Plans Will Have Large Price Fluctuations in 2013

Avalere Analysis Reveals Significant Fluctuations in Medicare Prescription Drug Plan Premiums for 2013

Take a look at the link and read the findings.

Avalere Health analyzed the premium increases submitted to the Center for Medicare Services (CMS) for the 2013 calendar year and noticed quite a bit of changes. Several of the highly advertised and marketed drug plans have double digit percentage increase over last year.

Contact us at Arizona Senior Health Insurance Solutions and let us help you find a Medicare health insurance plan that will help you enjoy your life to the fullest.


Getting the Most out of Your Insurance Dollars

United States Health Insurance White Board

This summer, Americans across the country are receiving a new set of benefits from the Affordable Care Act. One of the biggest changes has to do with your health care premiums. Because of the new health care law, insurance providers are now required to devote at least 80 percent of the premiums you pay to your health care — not to advertising, or administrative costs, or salaries for their CEOs.
Providers can make sure they meet that standard by lowering your rates or improving your care, but right now, companies that aren’t meeting the standard are actually providing rebates to their customers. Nearly 13 million Americans will receive more than $1 billion from insurance companies this summer.

Back in 2010, Nancy-Ann DeParle, President Obama’s Deputy Chief of Staff for Policy, filmed a White Board to help explain the reform and why it matters.