Washington’s individual health insurance market could be seeing a price spike. The proposed increase comes as a first-of-its-kind rule goes into effect Saturday.
According to a news release from the Washington State Office of the Insurance Commissioner (OIC) Wednesday, 13 health insurers filed an average requested rate increase of 11.3% in the individual market.
People who don’t get health insurance from their employers shop in the individual market. As cited in the release, an estimated 255,784 Washingtonians are currently enrolled in individual health plans and would be affected by the increase.
However, the OIC is still reviewing the proposed plans and their rates, and final decisions will be made
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