• 180 approved plans on the Washington Health Benefits Exchange.
• A 4.2 percent Increase approved by the Office of the Insurance Commissioner.
• Regence Blue Shield’s Innova plan is the state’s essential health benefit (EHB) benchmark plan so the tax credits are changing.
Our office has been training a few months on the different plans. There are some big differences with new carriers entering the exchange market such as Health Alliance Northwest Plan Inc, Regence BlueShield and United Healthcare of Washington. There have been significant changes in plan structures of Lifewise, Moda and Coordinated Care. We regularly reach out to carriers to find out how they function from customer feedback and with utilizing the products ourselves. Our brokers do the best to distill the information down to a usable format so that our clients can make the best possible choice in carriers.
We have also seen insurance companies violating the 80/20 rule and being forced to pay back premium to customers. Insurance Companies must spend 80% of premium dollars on Health Care or else reimburse customers. I received a check from Premera for my 2014 enrollment in one of their plans.