Health insurance costs rise in 2026 as open enrollment begins next week

Washington residents are set to experience a 21% average increase in health insurance premiums as open enrollment begins on November 1. This hike follows an 11% increase in 2025 and reflects uncertainty over federal tax credits poised to expire at the year's end. The Washington Health Benefit Exchange reveals that nearly 300,000 individuals participated in the Exchange last year, with 75% benefiting from federal premium tax credits. Governor Bob Ferguson highlights that residents save around $1,330 annually due to these credits. The stakes are high, as approximately 80,000 people are expected to forgo coverage if the credits are not renewed.

This situation underscores the political tensions between Republicans and Democrats amid ongoing discussions related to the government shutdown. Health insurance affordability remains a pressing issue for many Washingtonians, especially during open enrollment. The outcome of the credit extension debate will significantly impact residents' healthcare choices in the coming year.