Open Enrollment: November 1st to December 15th
The average rate increase for individual health insurance in Washington State will be 9% in 2024 (yet if you are getting tax credits this should not impact you as much). The insurance carriers are only having minor or no network changes for hospital systems. So generally, recommend staying on the same plan unless you are anticipating more or less medical expenses in 2024. AM Better will still be the cheapest plan for the coverage and Regence has the best overall travel network with urgent care centers covered in all 50 states (in the bluecard network). However, if you intend to use more medical expenses it’s important to double check for your specific situation.
CLICK HERE FOR A MORE DETAILED OVERVIEW OF 2024 CARRIERS PLAN CHANGES
Individual Health Insurance in WA (Overview of Carriers Websites) The most popular plans for the price are the Cascade Gold, Cascade Silver and Cascade Bronze plans. They have the same network as the regular plans from carriers. However, be aware that the Cascade Select Gold, Cascade Select Silver and Cascade Select Bronze are the “Public Option” plans and DO HAVE A SMALLER NETWORK. They are cheaper for a reason. Just double check that your providers and medical facilities take this plan if you choose one of these. In this case, the word SELECT means a smaller network. I really wish they would have named these plans more appropriately (I even had a meeting with the WA Exchange Board on this topic before they were named, so can’t blame me.)
2024 RATE INCREASES FOR INDIVIDUAL HEALTH IN WASHINGTON STATE
- AM Better 5% Average Rate Increase
- Cascade Gold 2%, Cascade Silver 4%, Cascade Bronze 4%
- Regence 4% Average Rate Increase
- Cascade Gold 5%, Cascade Silver 3%, Cascade Bronze 5%
- Premera 17% Average Rate Increase
- Cascade Gold 19%, Cascade Silver 17%, Cascade Bronze 14%
- LifeWise 8% Average Rate Increase
- Cascade Gold 9%, Cascade Silver 7%, Cascade Bronze 8%
- Molina 7% Average Rate Increase
- Cascade Gold 11%, Cascade Silver 8%, Cascade Bronze 5%
- Kaiser Permanente 17% Average Rate Increase
- Cascade Gold 13%, Cascade Silver 19%, Cascade Bronze 20%
However, this does not take into account your age change. We all get one year older each year, yes it’s true, and that also causes the price to increase until you turn 65 and need Medicare. We can also help with Medicare. If you have any questions please give us a call at 425-802-2783.
Gary Franke, Tamara Chandler and Brianna Crawford
Independent Broker
Achieve Alpha Insurance LLC
12505 Bel-Red Rd, Ste 106
Bellevue, WA 98005
425-802-2783 (call or text office line)
health@achieve-alpha.com
www.achieve-alpha.com