The Washington State Office of the Insurance Commissioner (OIC) released approved 2025 rates for 11 of the 13 individual carriers who will offer options in the state. We are still waiting to see final approvals for Asuris NW and Providence Health plan. Currently we have 14 individual medical carriers, so we will be losing one option (PacificSource) as we enter the new year. While requested increases ranged from 4.5% to 23.8%, the final approvals fall between 5.7% and 23.7%. Carriers Approved Of the 11 individual carriers that have been approved, many finalized their plans at or below their requested rate adjustment. Four carrier’s rates have been approved at a higher level than initially requested: Community Health Network, Kaiser NW, Kaiser WA, and United Healthcare. There are five carriers who received a double-digit increase for 2025.
There are no carriers who were approved for a decrease in rates in 2025. For comparison, there were three carriers with rate decreases in 2024 and two in 2023. To see our 2025 Individual Rate Tracking spreadsheet for more in-depth information about each carrier’ requested rate change and final approval, log in (or create an account) HERE. Scroll down to our Monthly Freebie Section. Changes to County Coverage In 2025, we will see one carrier exit the individual marketplace in Washington (PacificSource) which currently serves Clark, Pierce, Spokane, and Thurston counties. This will affect roughly 4,000 current customers. Options will remain for these individuals: Clark county will have 7 carriers offering benefit plans, Pierce county 9, Spokane county 9, and Thurston county 8. Only one carrier, Lifewise, will be eliminating coverage in some counties. They will be dropping Clallam, Jefferson, and Mason counties. They will also be adding coverage in Grays Harbor. Two other carriers will be expanding their county lists. Community Health Network will be adding Lincoln county. And Ambetter (Coordinated Care) will be expanding into Clark, Cowlitz, Island, San Juan, Skagit, and Whatcom counties, becoming the only carrier in 2025 to offer individual coverage state-wide. All counties continue to have at least 3 carriers offering individual medical coverage as we head into 2025. King, Pierce and Spokane counties continue will have the most carriers available, at 9. A full summary of carrier offerings by carrier and county can be found on our agent website. Log in (or create an account) HERE. Scroll down to our Monthly Freebie Section. Comparing 2025 to Past Years For the fourth year in a row, at least one carrier has requested an increase of over 16% to their average individual medical rates in Washington state. The Bottom Line
For yet another year, we are able to enter the new year with a rather stable individual medical market, with each county having 3 to 9 carriers to choose amongst. Unfortunately, the average rate increase will be higher than what we experienced last renewal cycle. Individuals currently enrolled with PacificSource will need to change their carrier, as well as those on Lifewise who live in Clallam, Jefferson, and Mason counties. There certainly could be movement from one carrier to another in counties where carriers are entering the market, including Clark, Cowlitz, Grays Harbor, Island, Lincoln, San Juan, Skagit, and Whatcom counties. And there is a high likelihood of individuals at least looking at alternatives who are currently with carriers who have had their rate filing approved at double-digit rate increases, which includes Bridge Span, Premera Blue Cross, Regence BlueShield, Regence BlueShield of OR, and United Healthcare. I am predicting it will be quite a busy open enrollment season for agents and brokers this fourth quarter.
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