Wednesday, October 26, 2016
Thirteen health insurers have been approved to sell 154 individual and family plans for 2017. Nine insurers will sell 98 plans in the exchange, Washington Healthplanfinder and seven insurers will sell 56 plans outside of the exchange. The average rate change is 13.6 percent.
Search 2017 health plans and rates by county.
How much someone’s premium will change depends on where they live, their age, whether or not they smoke, which insurer and plan they select, and how many people are covered.
“We knew that it would be difficult for the health insurers to initially set their rates without knowing who would sign up for coverage and what services they would use,” said Insurance Commissioner Mike Kreidler.
“In fact, we were surprised when rates came in significantly lower than predicted in the first few years of the Affordable Care Act. I do believe this year’s change is a one-time adjustment and that we’ll see premiums level off as insurers gain experience and more people get covered.”Approved 2017 rate changes by insurer
|Community Health Plan||10.6%||Exchange|
|Group Health Cooperative||12.6%||Both|
|Group Health Options||24.7%||Outside|
|Regence of Oregon||15.16%||Outside|
“The Affordable Care Act is doing what it was designed to do – helping people access health insurance," Kreidler added.
"But we must do more as a country to address the cost of health care. People have health insurance they can’t afford to use because deductibles are too high and prescription drug costs are skyrocketing, contributing significantly to rising premiums.”
“We didn’t get here overnight. We’ve taken the first important steps to righting some of the wrongs by guaranteeing everyone access to meaningful health insurance and providing financial help for those who need it.
"Now, it’s time for Congress to come together to make meaningful improvements to the law, just like we’ve done with every other major reform - such as Social Security and Medicare - that help millions of Americans.”