Blog

It's official: Health insurance rates will rise in Oregon next year

Patrick Allen, director of the Oregon Department of Consumer and Business Services, said… more

Patrick Allen, director of the Oregon Department of Consumer and Business Services, said… more

Health Care Inc. Northwest
Updated July 1, 2015
Elizabeth Hayes  for the Portland Business Journal

Health insurance premiums will rise next year for the more than 200,000 people in Oregon's individual market — though not as much as originally decreed for three carriers.

According to the Oregon Insurance Division's final rate decisions released today, the hikes affect about 10 percent of Oregonians, those in individual and small group plans.

According to the Oregon Insurance Division's final rate decisions released today, the hikes affect about 10 percent of Oregonians, those in individual and small group plans.

Individual market hikes range from 8.3 percent for Kaiser Foundation Health Plan of the Northwest to 37.8 percent for Health Republic Insurance Co.

A premium for a “silver” standard plans will range from $271 to $389 a month for a 40-year-old in Portland. Kaiser has the lowest monthly premium and PacificSource Health Plans the highest.

READ MORE