Convenient Health Insurance Plans For Peoria Residents

When you need expert guidance enrolling in a health insurance policy in Peoria, Phoenix Health Insurance is an excellent resource. We are a team of experienced professionals serving individuals, families, and small businesses as they find the best health insurance coverage and policies for their needs.

Affordable Health Insurance Policies

Understanding health coverage can feel overwhelming and stressful without the guidance of an expert. At Phoenix Health & Life Insurance, our experienced Peoria health insurance agents are dedicated to making the process simple and straightforward. Let us help you find a policy that works for your budget.

Comprehensive Life Insurance Plans

Investing in life insurance means peace of mind for you and your family through your entire lifetime. Once you are enrolled in a comprehensive policy, you will receive coverage for the duration of the policy, often with a valuable savings component on the side.

We Offer Medicare Policies And Supplement Plans For Peoria Residents

Medicare Policies & Supplement Plans

Medicare provides excellent coverage for many people, but can often require a secondary policy to cover the gaps left behind. Visit Phoenix Health & Life Insurance to learn more about enrolling in Medicare or obtaining supplemental coverage for your medical needs.

5-Star Rated Health Insurance Agency Near Peoria

Lynn Marble took the time to sit down and explain every detail of our insurance plan. Saved our family a ton of money and bettered our coverage. I would not hesitate to recommend Lynn to everyone I know.

Sean Bell ★★★★★

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Level Funded & Return Of Premium Insurance For Peoria Employers

In a level-funded insurance plan, an employer pays a fixed premium amount each month either to an insurance carrier or to a Third Party Administrator (a TRA). The insurance company then allocates those funds to an account for covering any claims, stop-loss coverage premiums, and admin expenses. This process ensures that employees have proper health coverage for whatever medical concerns arise while they are employed at that company.

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What Is Level Funded/Return Of Premium Health Insurance For Businesses

We Work With A Wide Variety Of Health Insurance Carriers

At Phoenix Health & Life Insurance, we are licensed to work with a multitude of Peoria health insurance carriers, ranging from the most common companies to the lesser known. Whether you have enrolled in health insurance before nad need to change your policy, or you are starting from square one, our insurance agents are ready to share their expertise and knowledge with you as you make an informed decision about a policy.

Why Altrua Health Sharing Ministry?

Unlimited Telemedicine
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

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Health Insurance Plans For Individuals & Families

Buy Insurance Policies For Your Company’s Employees

Health Insurance Plans for Individuals And Families Living In Peoria

There is a policy for everyone at our Peoria health insurance agency! Whether you are seeking individual coverage, a policy for the entire family, or a plan for your employees, our agents can help you navigate the variety of policies available and narrow it down to make the decision easier. We explain it in a way that is easy to understand, and take time to address all your questions and concerns. You will never be pressured to make a decision you are not ready to make! Instead, Phoenix Health Insurance is on your side from start to finish, whether you choose to enroll in a policy through us or not. Call today to schedule a consultation with our friendly agents, and find the peace of mind you deserve!

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480-680-8195

Professional Health Insurance Agency Serving Peoria

Types Of Health Insurance Policies We Specialize In

Short-Term Health Insurance Plans

Provides a temporary solution to bridge the gap between two policies, such as the transition to a new job.

Group Health Insurance Plans

A plan offered by an employer, union, or association to its members, based on their current employment or involvement status.

Medicare Advantage & Supplement

A Medicare-approved plan offered by a private company as a better alternative to original Medicare, covering both health and prescriptions.

Individual & Family Insurance Plans

A type of health insurance available to both individuals and families that offers more comprehensive coverage than to a group.

Car Accident Health Insurance Plans

Receive personal injury protection through a form of auto insurance that covers medical expenses and lost income after an injury.

Long-Term Annuity Contracts

Ensures you do not outlive your income by annuitizing your contribution payments into payments that last your lifetime.

Dental Insurance Plans

Cover all dental care including oral surgery and other procedures through dental insurance. It is offered separately from medical insurance.

Life Insurance Policies

Protect the financial security of your loved ones for after your death with a life insurance policy.

Long-Term Care Insurance Policies

Covers home health care costs including in-home skilled nursing care, occupational, speech, physical therapy, rehab, and more.

Critical Illness Insurance Plans

A policy that covers treatment for chronic diseases such as cancer, heart attack, stroke, renal failure, organ transplant, and more.

Frequently Asked Questions About Life Insurance

Why Should I Buy A Health Insurance Policy?

Having health coverage is imperative to your financial success, both now and in the future. Being prepared for a medical need ensures that you and your family can get medical care for any concern you may face, including vehicle accidents, emergency injuries, wisdom teeth removal, yearly checkups, long-term care, management of chronic disease, and so much more. Health insurance greatly reduces the cost of these visits and even covers some prescription drugs. Get help finding the best health coverage today at Phoenix Health & Life Insurance!

Can You Help Me Get Insurance If My Employer Doesn't Offer It?

Absolutely. While many employers offer health insurance to their employees, some do not for a variety of reasons. If health coverage is not an option at your workplace, you can either fill out an application through the Marketplace, or visit Phoenix Health Insurance for assistance finding a health insurance plan that will work for your needs and your budget. We carry partnerships with most of the common insurance companies nationwide, and will take all the time necessary to answer your questions and make sure you understand the options available to you.

Will I Get Tax Benefits If I Buy A Health Insurance Policy?

Typically, yes. Because short term health insurance premiums are paid out of pocket with pre-tax dollars, you are usually allowed to deduct the amount for short term health insurance as a medical expense on your taxes. The monthly payments you make toward health insurance are usually classified as medical expenses and therefore tax-deductible. If you have any questions about how to get tax benefits, contact our team at Phoenix Health Insurance to learn more!

Can I Buy Health Insurance If I've Been Recently Diagnosed With An Illness?

Under the Affordable Care Act enacted by former President Obama, health insurance companies legally cannot deny you coverage due to a pre-existing health condition. However, your policy may not provide coverage for treatment of the newly diagnosed condition. It is important to look at the underwriting of your policy to determine whether your pre-existing conditions will be covered or if you will need to find supplemental coverage. Discuss your concerns with our agents at Phoenix Health Insurance to learn more!

Are There Any Waiting Periods Before My Insurance Policy Starts Covering Me?

Typically, yes. There will be a short waiting period between the time you enroll in a healthcare plan, and the time it begins to provide coverage. The delay can last anywhere from a few days up to a year depending on the policy. These periods are a form of financial protection for companies who experience a high turnover rate. However, there are short-term insurance policies available that provide coverage for a short time while you are in the waiting period, so you can rest assured that you will not be without coverage at any point in time.

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 employers’ decisions to contributrto employees choosing alternate healthcare coverage.

What are the consequences to he 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 qualifed 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.

Wraparound Coverage

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. Sincerely,
Your Team at Phoenix Health Insurance

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