Insurance companies are known for using “fear tactics” to sell more homeowners and life insurance coverage to their customers, but the same strategies can also be used to sell AZ health insurance policies.  As healthcare costs rise and the idea of getting by without health insurance gets more and more scary, people are looking at health plans a little differently. 

Individuals who need to purchase their own health insurance are no longer looking for plans that cover every doctor’s appointment and prescription. Those plans are simply too expensive for the average individual.  Instead, today’s AZ health insurance policies are designed to protect against large medical bills while keeping an individual’s medical costs down to a manageable level.

The concept of “maximum out of pocket” is how most insurance companies are tackling the big “what if” of a serious illness.  For example, by purchasing a high-deductible health plan with a health savings account (HSA), individuals will know up front exactly how much they would need to pay out of pocket in the event of a serious illness.  Meanwhile, the plans encourage participation in HSAs as a way of deferring tax-free dollars to pay for pre-deductible expenses like prescriptions and doctors’ visits.  Because the money in these accounts can be carried over from one year to the next, HSAs offer a tax savings and available cash to pay for future health care costs. 

Some of the individual AZ health insurance policies are offering other incentives to buy a high-deductible health plan.  United Healthcare/Golden Rule has a high-deductible plan with an HSA attached, and offers a $1,000 reduction in the annual deductible for every year an insured person doesn’t exceed the annual deductible.  For example, if you sign up for a plan with a $5,000 deductible and your health expenses don’t exceed this amount in a calendar year, your deductible will be reduced to $4,000 the following year.  If the same thing happens in year two, it will be reduced to $3,000, ending at 50% of your plan’s annual deductible limit.  Meanwhile, if the same member is contributing to an HSA regularly, they will eventually have enough in that account to cover the entire deductible. 

Another thing to remember about these individual AZ health insurance policies is that they are required to offer preventive care coverage.  This means that an annual checkup with blood work is covered for all members, and an annual OB/Gyn visit with a mammogram is covered for female members, and most insurers cover these services without a co-payment.

To learn more about how to purchase one of these AZ health insurance policies, speak with an expert broker at Anderson Insurance Services at www.swhealthinsurance.com.