THE HIGH COST OF TRADITIONAL HEALTH INSURANCE

• The average health insurance premium for individuals in 2024 was $8,951. This was a 25% increase over the annual cost in 2019.*

• The average health insurance premium for families in 2024 was $25,572. This was a 24% increase over the annual cost in 2019.*

• Health insurance deductibles have also increased sharply. In 2009, the average health insurance deductible was $826. That number increased to $1,790 in 2024.**

Doesn't a higher cost still mean better health insurance?

• While this rule of thumb generally applies with health insurance, it is not always the case.

• Many life and health insurance companies offer similar policies at similar prices.

• We believe the best value for consumers can be found in the differences.

• For example, many insurance companies charge higher rates for advanced age and tobacco use. At the same time, a few other highly-rated companies disregard one or both of these factors for similar products.

• One size does not fit all and a higher price does not always mean a better insurance policy. We know the differences and it helps us provide the very best value for our clients.

• As a result of higher premiums and deductibles, consumers receiving healthcare services often pay thousands of dollars in a given year without the benefit of a single health insurance claim payment.

Consider these trends in health insurance:

*KFF, 2024. Source: https://www.kff.org/report-section/ehbs-2024-section-1-cost-of-health-insurance/).

**KFF, 2025. Source: https://www.consumershield.com/articles/average-deductible-for-health-insurance).

• We offer products from a wide range of highly-rated insurance companies. This large portfolio provides us with the flexibility to find just the right product(s) for each client's needs.

THE HIP AGENCY DIFFERENCE

• Some insurance agents represent one company and will try to make their limited product offering fit your needs or circumstances.

• We specialize in providing simple, affordable plans to help cover healthcare costs and replace lost income due to health-related events.

• We also offer alternative healthcare packages that provide robust, first-dollar coverage at a much lower cost than most traditional health insurance plans.

I am a middle-aged man who has worked hard to stay in shape. The HIP Agency showed me how to take full advantage of my good health and find the best life insurance policy at the very best price. Highly recommended!

David D. - Murfreesboro, TN

The HIP Agency provided a low-cost critical illness policy that helped us so much when my husband had cancer. The cash benefits covered all out-of-pocket medical expenses and then some. My husband's recovery was much easier with this valuable coverage.

Carol J.- North Little Rock, AR

★★★★★

★★★★★

1818 N Taylor St.

Little Rock, AR 72207

Phone: (501) 313-1140

Email: wade@hipagencyco.com

A veteran-owned small business

The HIP Agency