2023 Revised Code of Washington › Title 48 - Insurance › Chapter 48.41 - Health Insurance Coverage Access Act. › 48.41.200 - Rates—Standard risk and maximum.

RCW 48.41.200
Rates—Standard risk and maximum.
(1) The pool shall determine the standard risk rate by calculating the average individual standard rate charged for coverage comparable to pool coverage by the five largest members, measured in terms of individual market enrollment, offering such coverages in the state. In the event five members do not offer comparable coverage, the standard risk rate shall be established using reasonable actuarial techniques and shall reflect anticipated experience and expenses for such coverage in the individual market.
(2) Subject to subsection (3) of this section, maximum rates for pool coverage shall be as follows:
(a) Maximum rates for a pool indemnity health plan shall be one hundred fifty percent of the rate calculated under subsection (1) of this section;
(b) Maximum rates for a pool care management plan shall be one hundred twenty-five percent of the rate calculated under subsection (1) of this section; and
(c) Maximum rates for a person eligible for pool coverage pursuant to RCW 48.41.100(1)(a) who was enrolled at any time during the sixty-three day period immediately prior to the date of application for pool coverage in a group health benefit plan or an individual health benefit plan other than a catastrophic health plan as defined in RCW 48.43.005, where such coverage was continuous for at least eighteen months, shall be:
(i) For a pool indemnity health plan, one hundred twenty-five percent of the rate calculated under subsection (1) of this section; and
(ii) For a pool care management plan, one hundred ten percent of the rate calculated under subsection (1) of this section.
(3)(a) Subject to (b) and (c) of this subsection:
(i) The rate for any person whose current gross family income is less than two hundred fifty-one percent of the federal poverty level shall be reduced by thirty percent from what it would otherwise be;
(ii) The rate for any person whose current gross family income is more than two hundred fifty but less than three hundred one percent of the federal poverty level shall be reduced by fifteen percent from what it would otherwise be;
(iii) The rate for any person who has been enrolled in the pool for more than thirty-six months shall be reduced by five percent from what it would otherwise be.
(b) In no event shall the rate for any person be less than one hundred ten percent of the rate calculated under subsection (1) of this section.
(c) Rate reductions under (a)(i) and (ii) of this subsection shall be available only to the extent that funds are specifically appropriated for this purpose in the omnibus appropriations act.
[ 2007 c 259 § 28; (2018 c 219 § 3 expired December 31, 2019); 2000 c 79 § 17; 1997 c 231 § 214; 1987 c 431 § 20.]
NOTES:
Expiration date—2018 c 219 §§ 3 and 4: "Sections 3 and 4 of this act expire December 31, 2019." [ 2018 c 219 § 5.]
Findings—Intent—2018 c 219: See note following RCW 41.05.820.
Subheadings not law—2007 c 259: See note following RCW 7.70.060.
Effective date—Severability—2000 c 79: See notes following RCW 48.04.010.
Short title—Part headings and captions not law—Severability—Effective dates—1997 c 231: See notes following RCW 48.43.005.