A new rule is starting Saturday for Washington insurance while the OIS is reviewing proposals to increase individual health insurance.
Washington’s individual health insurance market could be seeing a price spike. The proposed increase comes as a first-of-its-kind rule goes into effect Saturday.People who don’t get health insurance from their employers shop in the individual market. As cited in the release, an estimated 255,784 Washingtonians are currently enrolled in individual health plans and would be affected by the increase.
While on the topic of insurance, a transparency change rule for auto and homeowner insurance will also start June 1.from the OIC, insurance companies will have to let policyholders know why their premiums have gone up. The rule is reportedly the first of its kind in the country.
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