- Employer pays monthly amount to cover estimated costs
- Employer pays premium and plan administration costs
- You are required to pay the claims
- Plan is available to companies with a certain number of employees
- Provides the opportunity to benefit from a favorable claims year
Why Altrua Health Sharing Ministry?
No Obamacare Tax Penalties
Large PPO Multiplan Nationwide Network
Low Monthly Contribution Amounts from $105 for Single to $520 for a Family
Stable Rates due to Healthy participants
Up to $2,000,000.00 of Lifetime limit per member
$35 Doctors office visits 6 per year per person
Maternity coverage available
Cottonwood’s Leading Insurance Products & Services
Individual & Family Insurance Plans
Medicare Advantage Plans
Group Health Insurance Plans
MEDICARE SUPPLEMENT PLANS
Short-Term Health Insurance Plans
Life Insurance Plans
Critical Illness Plans
Dental Insurance Plans
Long Term Care
No matter the type of insurance coverage you need, our Cottonwood insurance company is committed to helping clients find the best policy at a rate that won’t break the bank. From dental and emergency coverage, to Medicare and accident coverage, our agents are well-versed in all types of health insurance policies and can help you understand what is available and how to enroll. Whether you are starting from scratch or need to switch policies, Phoenix Health & Life Insurance is here for you.
“When you do what’s right you can’t go wrong!”
Proud Sponsors Of:
Meet The Agents Of Phoenix Health Insurance Near Cottonwood
Master General Agent and specializes in Medicare, Individual Family Plans.
Individual Family Plans
Customer Service / Operations Director
Troy specializes in Group Health, Individual Health, Life Insurance and Medicare.
Group Account Coordinator and better half of Team Gabbard
Licensed agent specializing in Individual and Family Health Plans
Whatever your personal healthcare situation may be, Hayden will be able to help.
Licensed Health and Life Insurance Account Specialist
Joe is an experienced agent that specializes in Life Insurance, Individual health Insurance, Group Health, Long Term Care, and Dental plans.
Licensed Health & Life Insurance Agent.
Joshua, brings his experience as an educator and local high school football coach to his clients to share life and health insurance strategies for families and small business owners.
Sue Lee is a licensed health and life agent since 2016 who brings a wealth of experience as a former director of Human Resources. Sue’s private sector experience allows her to help our clients with Group Benefits, and Individual and Family plans.
Karyn is a Licensed Health Insurance Agent who specializes in Medicare Planning, & Individual Family Plans. Karyn loves helping others and brings with her over 15 years of customer service expertise.
Specializing in Individual and Family coverage option via ACA Marketplace and off Exchange options
Lucy brings over 25 years of experience in Customer Service, Sales and Marketing. Lucy has spent the last 14 year specializing in Medicare, Life Insurance, and Property and Casualty Insurance
What Our Clients Say
“I want to thank and recommend Frank for his assistance! I’ve always been allergic to paperwork and life insurance is definitely not my field of expertise but Phoenix Life Insurance helped me go through all the insurance products and steps I needed to choose the right plan for my family. Thank you so much for a stress-free experience!”
“Hayden is awesome! My husband and I recently moved to Arizona and we needed help finding the right health insurance for us. Hayden was extremely friendly, knowledgeable, and helpful. We are so grateful we called and got help from him. He saved us so much time and stress. We cannot thank him enough!”
Our Health Insurance Agency’s Service Areas
East Valley Health Insurance
Finding affordable health coverage in the East Valley should not be complicated. Whether you are seeking a policy for just yourself or your family and loved ones, Phoenix Health & Life Insurance can help you navigate the variety of policies available. Our insurance agents are equipped to help individuals start fresh with a new policy or cover gaps in their existing coverage.
Scottsdale Health Insurance
Phoenix Health & Life Insurance has been serving clients throughout Scottsdale for many years by providing professional help to find effective, comprehensive health coverage. We know the ins and outs of every policy on the market, and can help you make an informed decision about the type of policy that is best for your needs. Contact Phoenix Health & Life Insurance today to get started!
West Valley Health Insurance
Whether you seek health coverage for yourself, your family, or your employees, our licensed agents at Phoenix Health & Life Insurance can help make the process smooth and stress-free. Don’t try to navigate the variety of policies on your own; instead, visit our experienced agency and get expert help understanding the coverage options available in the West Valley. We are certified, competent, and knowledgeable!
Tempe Health Insurance
At Phoenix Health & Life Insurance, we understand that finding proper health coverage in Tempe can be a frustrating, overwhelming process. As a knowledgeable, experienced agency, Phoenix Health & Life Insurance provides reliable, thorough information in a no-pressure environment, so you can feel comfortable asking questions and learning about policies without being pushed to make a decision you are not ready to make.
Read Our Blog & Learn More About Health Insurance
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New IRS Rules For Employers Regarding Health Insurance
Within the past year, the IRS posed a question to themselves to consider imposing more specific rules and guidelines to employers. These rules were in regard to the effect of employers’ decisions to contribute to employees choosing alternate healthcare coverage.
What are the consequences to the employer if the employer does not establish a health insurance plan for its own employees, but reimburses those employees for premiums they pay for health insurance (either through a qualified health plan in the marketplace or outside the marketplace)?
Employer Payment Plans
In order to be set apart from health reimbursement accounts (HRA’s) and healthcare flexible spending accounts (FSA’s), the IRA designated the new arrangement of specific guidelines to be known as “employer payment plans”.
Because employer payment plans are considered to be group health plans, as such they are subject to the provisions and rules of the Affordable Care Act (ACA). This includes the prohibition of an annual limit for essential health benefits, along with the requirement for full coverage on preventive health services. Unfortunately, these provisions also mean that employees cannot purchase separate coverage for these particular benefits, because according to the IRS, employer payment plans “cannot be integrated with individual policies to satisfy the market reforms”.
The IRS has mandated that because employer payment plans do not satisfy the market reforms, employers would be required to pay an excise tax of up to $100 per day per employee. That totals up to $36,500 per year for just one single employee, let alone 50 or 100 or more employees.
While the IRS and Department of Labor have decided that HRAs and healthcare FSAs are acceptable plans for helping employees pay for certain benefits including vision, dental, accidents, long-term care, and automobile medical payment coverage, it has been determined that employer payment plans cannot be integrated with either one.
Fortunately, there is an alternate form of health coverage available that is not actually subject to ACA requirements. Called “wraparound coverage”, it was established in 2015 and determines that employers can help employees buy basic health insurance without being penalized. This insurance must be supplementary to a standard health plan that does meet ACA requirements, and coverage cannot cost more than 15% of the standard health plan cost offered to the rest of the employees.
For employers still pursuing other healthcare options, the penalties for an employer payment plan can be avoided by giving employees a pay raise that will sufficiently cover their health benefits.
However, if this is the route you choose as an employer, remember that pay raises equal increased payroll taxes. Ultimately, because all income is taxed, the amount your employees will have left available to cover the cost of health premiums will be less than intended. Additionally, employees may soon forget why they actually received the raise, and can quickly become resentful that a standard health plan is not offered to them as valued employees.
Lastly, it is important to note that even if you provide a salary raise to your employees to avoid employer payment plan penalties, you will still be subject to the penalty required for not providing a health coverage plan to your employees.