Hot Topics Blog
Thursday, June 13 2019
As the weather heats up, the insurance carrier activity here in Washington state is heating up too. The 2020 individual and small group requested rate increases were recently released. There are decreases, increases, carriers exiting the state or certain counties, a few new players and more!
Individual & Family Health Insurance
There are two new insurance companies entering the Washington market and many changes to county coverage with existing carriers. Of note:
Small Group Health Insurance
The requested small group rate increases for 2020 are in for several noteworty carriers:
The requested changes from each insurance company have not been approved yet by Washington's Insurance Commissioner. We did see changes happen last year and will provide updates as they become available. If you have any questions please contact Wendee Allen at (425) 314-0988. Have a great summer!
Wednesday, June 12 2019
The IRS recently announced the dollar limits for the 2020 calendar year applicable to group plans and high deductible health plans (HDHPs)/health savings accounts (HSAs) .
2020 maximum out-of-pocket limits for group plans
The out-of-pocket maximum includes copayments, deductibles and coinsurance amounts, and excludes premiums.
2020 limits for HDHPs/HSAs
Out-of-pocket maximum 2020
HSA contribution limits 2020
Contact your PNW Insurance Solutions representative for more information by calling (425) 314-0988.