Best Health Insurance Companies In Arizona - Arizona 2022 health insurance market guide There are still eight participating insurers for 2023, but Imperial has joined and Bright has left; Average total rate increase of about 4.3% for 2023
Arizona has a federally operated health insurance exchange with eight carriers. Outside of the annual open enrollment period, eligible events are required to register or make changes to coverage.
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199,706 people are enrolled in private individual market plans through Arizona exchanges as long as enrollment is open for 2022 coverage. Open enrollment for 2023 coverage runs from November 1, 2022 to January 15, 2023.
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Arizona uses a federally administered marketplace (exchange), which means that individuals and families enroll in a health plan through HealthCare.gov.
In April 2015, Governor Doug Ducey signed House Bill 2643 into law, effectively barring states from creating state-controlled exchanges. Governor Ducey told reporters he signed the bill because he is "not a fan of [Obamacare]" and "doesn't support state exchanges."
The law was enacted before the Supreme Court ruling in King v. Burwell, and at ACAsignups, Charles Gaba estimates that 133,000 people in Arizona would lose their subsidies — and most likely their insurance — if the Court had ruled that subsidies could only be provided through state exchanges.
Fortunately for the people of Arizona, the Supreme Court issued a ruling in June 2015, upholding the legality of subsidies in every state, regardless of whether the exchange is run by the state or the federal government.
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For 2023 coverage, there are eight insurance companies offering exchange plans in Arizona (note that Blue Cross and Blue Shield of Arizona are listed twice because they have HMO and PPO products). Eight insurers are also participating in 2022, but there are some changes for 2023: Bright Health has exited the marketplace (in every state where they offer coverage, including Arizona), and Imperial Insurance Company has joined the marketplace.
For 2023, the following insurers are offering plans on the Arizona exchange, with plan availability varying by location:
The Arizona sakura exchange was once one of the strongest in the nation in terms of insurance company participation. It then dropped to just two participating insurers in 2017, but has since increased significantly, with eight insurers offering plans in 2022 and 2023.
As of 2015, there were 11 carriers offering exchange plans, some statewide, and some in select countries. Three new insurance companies joined the Arizona market for 2015: UnitedHealthcare, Assurant Health, and Phoenix Health Plans. In all, 13 insurance companies participated in the second year of listing on the Arizona stock exchange, up from 10 in 2014. Nationally, the number of participating insurers increased by about 25 percent in 2015.
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In 2016, the number of participating insurance companies dropped to eight. The three carriers that participated in the Arizona exchange in 2015 did not participate in 2016: Meritus, Time, and University of Arizona Health Plans. Tempo proposed a more than 70 percent tax rate for 2016, but eventually left the market instead. Meritus, ACA's CO-OP, closed at the end of 2015
And the exit became even more of a problem in the following year. In 2017, only two carriers offered coverage on the exchange (Blue Cross Blue Shield of Arizona, and Ambetter by Health Net; Ambetter acquired Health Net, and plans to become "Ambetter by Health Net" in January 2017), and in 13 of 15 state, BCBS Arizona is the only operator available on the exchange:
* For the 2016 plan, Phoenix Health Plans does not pay brokerage commissions for new business introduced after November 19, 2015. Operators say they met enrollment goals for 2016 during the first two weeks of open enrollment; removal of brokerage commissions almost guarantees that registration slows down for them, as brokers are reluctant to work for free (brokers do not receive any compensation other than commissions).
In August 2016, with only two and a half months remaining before the start of open enrollment for 2017, Pinal County had no carriers scheduled to offer plans in exchange for 2017. However, in early September, Blue Cross Blue Shield of Arizona announced that they would not leave the Pinal area - as previously planned - in late 2016, and will continue to offer plans there in 2017. However, the airline clarified that "
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Arizona health exchange operator participation for 2017 continued to change throughout 2016. In mid-September, a new application was submitted by Centene/Ambeter to offer coverage in Maricopa and Pima Counties (the package offered came from Health Net's Ambetter, following the merger ). of the two companies)
But with Ambetter's announcement, Cigna chose to leave the exchange in Maricopa County (the only area in which they plan to offer coverage), and instead partnered with Ambetter making Cigna Medical Group the in-network provider for Centene/Ambeter in Maricopa County. . . Cigna Medical Group has about 100 physicians and 50 advanced practice nurse practitioners, and Ambetter registrants were able to see them online in 2017.
Cigna and Freedom Life offered temporary packages in 2018 (both with steep rate increases), although Freedom Life typically does not actively market ACA-compliant packages. Aetna offered off-exchange plans in Arizona in 2017, but they discontinued those plans in late 2017. Cigna continued to sell off-exchange plans in Maricopa County, but they discontinued their "unlimited access plus" (PPO-style) plans in favor of the network plan.limited (HMO style). For 2019, however, Cigna returned to the Arizona exchange, in Maricopa County.
For 2018, the BCBSAZ rate sheet notes that they discontinued their catastrophic plans in Pima County at the end of 2017, but continue to offer the rest of their 2018 plans in the same areas they offered in 2017.
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As of 2018, only Health Net and Blue Cross Blue Shield of Arizona offer plans on the Arizona exchange. But as of 2019, five insurers offer plans on the Arizona exchange, though most are in the Phoenix area.
Bright Health, which began offering individual market coverage in Colorado in 2017, and expanded to Alabama in 2018, began offering individual market plans in the Phoenix area for 2019 (Maricopa and Pima County). Bright Health expanded into Arizona in 2018 in the Medicare Advantage market.
And Cigna is also returning to the Arizona stock exchange in Maricopa County, having switched in 2017 to an off-exchange only sales plan.
Although newcomers to the Arizona stock market in 2019 were concentrated in the Phoenix area, 60 percent of Arizona's population lives in Maricopa County, and another 14 percent live in Pima County.
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For 2020, all five insurance companies continue to offer coverage. Health Net expanded its coverage area within the state, and Blue Cross Blue Shield of Arizona returned to Maricopa County and began offering statewide coverage for the first time since 2016.
By 2022, the number of insurance companies has risen to eight, with Medica and Banner/Aetna joining the exchange. And BCBSAZ began offering a PPO option for 2022, which had not been available since 2015.
There are still eight insurance companies offering coverage on the exchange for 2023, although there have been some changes: Imperial Insurance Company has joined the exchange, while Bright Health has exited the market.
The registration period is open for individual/family coverage from November 1st to January 15th. This enrollment window applies regardless of whether you purchased coverage through an exchange or directly from a health insurance company.
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If you have questions about enrollment options, you can learn more in our comprehensive guide to unlocking enrollment and our comprehensive guide to special enrollment periods.
According to the Arizona Department of Insurance, the following average rate changes have been approved for Arizona market insurers for 2023:
Overall, this translates to a weighted average tax increase of 4.3%, which is slightly less than what the insurance company proposed.
(Detailed historical information about rates and package availability on the Arizona exchange is available on the website of the Arizona Department of Insurance (Arizona Department of Insurance). Arizona regulators have no power to object to rate increases, but can only determine whether the increases are acceptable):
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2015: Mostly flat, with some declines: In 2014, Arizona premiums were among the lowest states to use HealthCare.gov. A Kaiser Family Foundation analysis showed that premiums fell 10 percent in the Phoenix area in 2015, but were flat or increased in many other parts of the state.
2016: 12-14 percent average increase: For 2016 coverage, final individual market average value changes in exchanges ranged from less than a two percent increase (All Savers and Humana) to an average of 21.4 percent across Blue Cross Blue Shield of Arizona plans.
The average benchmark interest rate for a 40-year-old in Phoenix is still among the lowest in the country in 2016 at $207/month. Only New Mexico and Indiana have lower average benchmark premiums. And although the average rate increase in Arizona's individual market was 12 to 14 percent for 2016, the post-subsidy premium (after package selection was completed during open enrollment) for 74 percent of enrollees with actual premiums.
2017: Average increase of 57 percent: In 2017, there were only two insurance companies offering plans on the Arizona exchange. Ambetter/Centene/Health Net increased premiums by an average of 74.5 percent, and Blue Cross Blue Shield of Arizona raised
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