The cost of health insurance in Washington state varies depending on the plan tier, the insurer, the individual’s age and the household income level (if you want a subsidy to lower your cost).
Suzie and Matt have been educating and enrolling people in Health Insurance since the beginning of the Affordable Care Act and ran the Enrollment Center in Wenatchee for about six years. They have never added a fee and have added products along the way to assist our clients’ insurance needs.
Here are important key points for 2024:
- Average Costs by Plan Tier before subsidies:
- Bronze Plans: Around $462 per month.
- Silver Plans: Approximately $584 per month.
- Gold Plans: About $641 per month.
Cheapest Health Insurance Plans:
The cheapest Silver plan is the Community Health Plan of Washington Cascade Select Silver, costing around $394 per month.
For Bronze plans, the most affordable option is Ambetter Essential Care 1 at $282 per month.
Factors Influencing Costs:
Age is a significant factor. For example, a 60-year-old will pay about 85% more than a 40-year-old for the same coverage
Location within Washington can also affect premiums due to regional cost differences. We work throughout the state thanks to video conferencing and a phone system. There are differences between King County and Chelan / Douglas counties.
Premium Increases:
We went into detail in May that individual plans have put in rate increases for 2025. Thirteen insurance companies requested an average 11.3% increase. Now is your time to review and comment with the state.
Health insurance premiums have increased by around 7% from 2023 to 2024 across all plan tiers.
For personalized quotes, we use the Washington Healthplanfinder to compare different plans and check for eligibility for subsidies or cost-sharing reductions based on your income level first. There are times that we go off-exchange for availability as we want our clients to have the ability to choose.
