Finding the Best Group Health Insurance in Tempe, AZ

As a business owner in Tempe, providing quality health coverage for your employees is key to attracting and retaining top talent. With so many group health insurance options to choose from, it can be overwhelming trying to select the right plan.

To make the process smoother, partnering with an experienced group health insurance agency in Tempe is invaluable. They can walk you through all the factors to consider and carriers available to find an affordable plan tailored for your company’s needs.

In this guide, we’ll cover:

  • Overview of group health insurance plans
  • Benefits of providing group health benefits
  • Tips for choosing group coverage in Tempe, AZ
  • Top group health insurance carriers in Tempe
  • How an insurance broker can help
  • Costs and considerations when budgeting

What is Group Health Insurance?

Group health insurance plans provide medical and prescription drug coverage to employees of a company. The employer arranges coverage for all full-time employees and often contributes toward part or all of the premium costs. Employees then pay any remaining premium owed through payroll deductions.

Group plans come in different policy types like HMOs, PPOs, and HDHPs. They can be configured with different deductibles, copays, coinsurance, and covered services. Benefits like dental, vision, disability or life insurance may also be included. Most group plans are on a 12-month renewal cycle.

Key advantages of group health plans include:

  • Cost savings – Premiums are less expensive when risk is pooled across many employees

  • Administrative simplicity – Employers arrange and manage the plans

  • Guaranteed coverage – Plans must cover all eligible employees regardless of health

  • Tax benefits – Premium costs are tax deductible for employers and tax-free for employees

Why Provide Group Health Insurance?

There are many benefits to offering health coverage as an employer:

  • Recruiting advantage – Quality health benefits are highly valued by job seekers

  • Increased loyalty and retention – Employees are more likely to stay at companies that provide health insurance

  • Improved productivity – Healthy employees miss less work and are more focused

  • Cost control – Group rates are typically cheaper versus individual plans

  • Tax incentives – Premium costs are a business expense that reduces taxable income

So providing health insurance can make strong business sense in addition to taking care of your valued employees.

Tips for Selecting a Plan in Tempe, AZ

If you’ve decided to offer group health benefits, here are some tips for choosing the right plan:

  • Assess your budget – Decide what you can afford to contribute per employee monthly.

  • Survey employees on what they value – Are low deductibles or low premiums more important? Do they have dependents needing coverage?

  • Compare plans from different carriers – Benefits and networks can vary significantly.

  • Include dental/vision if budget allows – These are highly desired ancillary benefits.

  • Offer different levels like HMO vs. PPO or HDHP if possible to accommodate preferences.

  • Use an online management platform – Simplifies enrollment, changes, billing, and compliance.

  • Work with a broker – Their guidance is invaluable when navigating options.

Top Group Insurance Carriers in Tempe

Some leading health insurance providers with strong networks in the Tempe area include:

  • Aetna – Offers a wide selection of HMO and PPO group plans

  • Blue Cross Blue Shield – Well-known carrier with broad provider networks

  • Cigna – National insurer with customized medical and dental group plans

  • Humana – Focuses on affordable pricing and customer experience

  • UnitedHealthcare – Large carrier with expansive provider network and online resources

Each company has different strengths depending on the quality of their networks, customer service, tools, and total pricing.

How an Insurance Broker Can Help

Trying to compare plans from different carriers on your own can be extremely complex. That’s why working with an independent insurance broker is so valuable for finding the optimal group health solution.

Experienced group health brokers like [ABC Insurance] provide specialized assistance with:

  • Comparing pricing and benefits across multiple carriers
  • Negotiating discounts and incentives you may qualify for
  • Evaluating networks to ensure preferred providers are included
  • Managing open enrollment and ongoing plan administration
  • Assisting with compliance requirements
  • Answering employee questions and resolving claim issues

Their expertise and carrier relationships make it much easier to find affordable coverage that meets your company’s health benefits goals.

What Does Group Health Insurance Cost?

Group health insurance rates are based on a variety of factors:

  • Plan type – HMO plans tend to be most affordable
  • Benefits included – Lower deductibles and more coverage raise premiums
  • Employee demographics – Age, gender, and health risks impact pricing
  • Group size – Larger firms generally get better rates
  • Industry type – Some sectors have increased risks
  • Location – Insurance costs more in higher cost-of-living areas

According to [data from eHealth], average monthly costs for group health plans in Tempe, AZ are:

  • HMO: $406 per employee
  • PPO: $494 per employee
  • POS: $525 per employee

Typically, the employer covers a large portion of the premiums as an employee benefit, such as 75-90%. Employees pay the remaining amount through payroll deductions on a pre-tax basis.

For budgeting purposes, expect to spend around $400-600 per employee monthly for quality group coverage. Then determine what percentage your company can comfortably contribute.

Get Quotes from Top Tempe Group Insurance Brokers

As you evaluate group health plans, partnering with a reputable insurance broker can make the process smoother while saving money.

[ABC Insurance] has years of experience arranging group coverage for Tempe businesses of all sizes. Contact us for personalized guidance, quotes across top carriers, and support administering your benefits once enrolled.

We’re here to ensure your employees get the quality, affordable health coverage they deserve. Reach out today to get quotes from the top group insurance brokers in Tempe!

Frequently Asked Questions

How many employees do you need for group health insurance?

Most group health plans require a minimum of 2 employees. But some carriers offer plans for groups as small as 1 employee.

What are the deadlines for open enrollment?

Open enrollment periods for group health plans typically run from Oct 15th to Dec 7th each year, for a Jan 1 effective date.

Can I offer multiple health plan options?

Yes, many employers offer a choice of plans such as an HMO and PPO. This allows employees to select the preferred plan type.

Do part-time employees qualify for group health coverage?

It depends on the carrier and plan. Some allow coverage for part-timers working over 20-30 hours per week.

How do employees enroll in group health plans?

Employers provide details on available plans during open enrollment. Employees review options and select the desired plan by completing enrollment forms.

Health Insurance Companies In Tempe AZ


Who is the largest health insurance company in Arizona?

Premera Blue Cross
Blue Cross Blue Shield of Arizona
Arkansas BlueCross BlueShield
Kaiser Permanente

What is AZ best health insurance?

Blue Cross Blue Shield of AZ and UnitedHealthcare are the best health insurance companies in Arizona. ValuePenguin’s editorial team gave both companies a rating of four out of five stars.

What does group insurance cover?

Group health insurance plans offer medical coverage to members of an organization or employees of a company. They may also provide supplemental health plans—such as dental, vision, and pharmacy—separately or as a bundle. Risk is spread across the insured population, which allows the insurer to charge low premiums.

Who is the policyholder for a group health benefit plan?

Under a group plan, the policyholder is typically the employer that purchases the coverage. Under an individual or family plan, the policyholder is the person who purchases the coverage.

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