Washington State: (Preliminary) Avg. Unsubsidized 2024 #ACA Rate Change: +9.1%

via the Washington Insurance Dept.:

OLYMPIA, Wash. — Fourteen health insurers filed an average requested rate increase of 9.11% for Washington's individual health insurance market. The proposed plans and their rates are currently under review and final decisions will be made this fall.

"Nearly 250,000 people in Washington state get their health coverage through our individual market,” said Insurance Commissioner Mike Kreidler. “I'm pleased that so many insurers are filing plans again and to see such healthy competition. Now, we'll spend the next few months closely reviewing the companies' requests and the assumptions they’re making to be sure any rate change is justified.”

People who do not get health insurance from their employer shop for health plans in the individual market. Financial subsidies that help lower monthly premiums are available, based on income, through Washington's online health insurance marketplace, WAHealthPlanFinder.org.

An estimated 244,229 people in Washington are currently enrolled in health plans through the individual market.

The preliminary requested rate increases on the small group market, meanwhile, are slightly lower (+8.3%). There's also a new entry to the small group market in Washington...sort of. Premera Blue Cross already has 25% of the market for what I presume are PPOs and/or EPOs, but they're adding a new HMO category of products as well next year:

Advertisement