Health insurance premiums set to spike in Washington for 2026

Twelve insurers have been approved to sell individual health plans in Washington Health Benefit Exchange in 2026, with an average 21% rate increase — nearly double last year’s hike.

The Office of the Insurance Commissioner said the hikes are tied to rising health care and prescription drug costs, higher provider rates, hospital consolidation, and uncertainty over whether Congress will extend federal premium tax credits. Without renewal, 80,000 Washingtonians could lose coverage, and average annual costs could climb $1,330 or more.

Insurance Commissioner Patty Kuderer called the increases a heavy burden, especially for vulnerable populations. “When premiums become less affordable, younger and healthier people drop coverage and

See Full Page