136 health plans approved with average 4.2 percent rate change sent to Exchange board for certification today
Aug. 27, 2015
OLYMPIA, Wash. –The Office of the Insurance Commissioner has approved 136 individual health plans from 12 insurers who will offer them to the Exchange, Wahealthplanfinder, for sale in 2016. The Washington Health Benefit Exchange Board is scheduled to certify the approved insurers and their plans at its board meeting later today.
The companies requested an average rate change of 5.4 percent, but 4.2 percent was approved.
Also, Kaiser Foundation Health Plan of the Northwest (Kaiser), Moda, and UnitedHealthcare of Washington, Inc. (United) have been approved to sell inside Washington Healthplanfinder Business. Moda and United intend to sell statewide and Kaiser will be available only in Clark and Cowlitz counties.
“Once again, we are seeing an increased interest from health insurers,” said Insurance Commissioner Mike Kreidler. “The level of competition in our market today is clear evidence that health reform is working in Washington state.”
In 2015, 10 health insurers were approved to sell 90 plans in the Exchange.
Three health insurers -- Asuris, Group Health Options, and Regence Blue Shield of Oregon -- filed to sell individual plans only outside of the Exchange. Also, Coordinated Care Corporation filed plans to be offered inside the Exchange. These companies’ plans and rates are still under review.
The average rate change for the entire individual market will be revised once our review is completed.
2016 insurers with plans approved to be certified by the Exchange, Wahealthplanfinder:
- Bridgespan Health Company
- Columbia United Providers
- Community Health Plan of Washington
- Group Health Cooperative
- Health Alliance Northwest Health Plan, Inc.*
- Kaiser Foundation Health Plan of the Northwest
- LifeWise Health Plan of Washington
- Moda Health Plan, Inc.
- Molina Healthcare of Washington, Inc.
- Premera Blue Cross
- Regence BlueShield*
- United Healthcare of Washington, Inc.*
*New to the Exchange individual market for 2016
“We’ve worked hard to implement health reform over the last several years and now we’re beginning to see the benefits,” said Kreidler. “Next year, consumers will have even more choices for finding affordable, meaningful coverage.”
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Release No. 15-39