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office of the insurance commissioner mike kreidler

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13 insurers approved to sell health insurance to small businesses in 2024
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"Media contact: Public Affairs, (360) 725-7055"

November 8, 2023

OLYMPIA, Wash. ? Thirteen health insurers have been approved to sell group health plans to small employers in 2024. Insurers requested an average premium increase of 8.30% but only 8.02% was approved. The new rates take effect after Jan. 1, 2024, when the employer's plan renews.?

Nationally, 50% of small employers offer health insurance to their employees?(KFF.org)? [ [link removed] ]Since 2017, the average premium for an individual employee has nearly doubled from $678 to $1,214. Employers pay an average of $5,400 to $5,164 on top of the employee share to provide their workers with coverage.?

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