For Consumers

Average 4.17% rate change approved for 2022 Exchange health insurance market

Contact Public Affairs: 360-725-7055

September 20, 2021

OLYMPIA, Wash. – An average 4.17% rate change has been approved for next year's Exchange health insurance market. Twelve insurers will sell plans on Washington's Exchange in 2022. Rates and plans for additional insurers selling only outside of the Exchange are still under review. 

People who do not get health insurance coverage from their employer shop for insurance in the individual market. Premium subsidies are available, based on income, through Washington's Exchange, www.wahealthplanfinder.org. The Exchange opened a Public Health Emergency Special Enrollment this past year that helped more than an additional 57,000 people get coverage when they needed it. 

"Access to meaningful and affordable health coverage has always been critical to our lives and our economy, but especially during this pandemic," said Insurance Commissioner Mike Kreidler. "If you need health insurance, make sure to take advantage of the open enrollment coming this fall."

About 240,000 consumers in Washington are currently enrolled in health plans through the individual market. As of August 15, 78% of people enrolled through the Exchange received financial help with their premiums. The average monthly premium subsidy was $400.

This year, due to the federal American Rescue Act, Washington state received $250 million in tax credits to help people afford coverage. This money is helping over half a million people find insurance cost savings through the Exchange and will continue through next year's open enrollment.

"I'm incredibly proud of the efforts our state made to help people find coverage, through outreach and opening special enrollment periods," Kreidler said. "We took regulatory action when needed to make sure people did not have financial barriers to COVID-19 testing, did not receive surprise bills for COVID tests and increased coverage for additional methods of telehealth. I'm grateful to the health insurers, too, for their commitment to their customers and our markets."

Open enrollment for the 2022 individual health insurance market is Nov. 1 - Dec. 15, 2021, but see if you qualify for a special enrollment period. 

2022 Approved rate changes for the Exchange market

Insurer

Requested average rate change

Approved average rate change

Inside/Outside Exchange or both

Bridgespan Health Company

3.79%

3.81%

Inside

Community Health Network of Washington 

-4.08%

-5.98%

Inside

Coordinated Care Corporation

1.31%

2.61%

Inside

Kaiser Foundation Health Plan of the Northwest

0.96%

0.96%

Both

Kaiser Foundation Health Plan of Washington 

0.49%

0.40%

Both

LifeWise Health Plan of Washington

6.84%

1.46%

Inside

Molina Healthcare of Washington, Inc.

7.22%

8.31%

Inside

PacificSource Health Plans

-5.76%

-5.26%

Both

Premera Blue Cross

28.98%

17.90%

Inside

Regence BlueCross BlueShield of Oregon

3.60%

3.13%

Both

Regence BlueShield

2.74%

2.63%

Both

United Healthcare of Oregon, Inc.

-4.07%

-4.56%

Both

Average* approved rate change

*based on weighted enrollment

4.17%