Washington HB1957 establishes a 60-day approval period for individual and small group market health plans.

Washington HB1957 amends the state's health benefit plan regulations to ensure consistency in the rate approval process. Specifically, it sets a 60-day window for the commissioner to review and either approve or disapprove rate filings for individual and small group market health plans. If the commissioner does not act within this period, the filing is automatically approved. This change aims to streamline the approval process and provide clarity for insurers and consumers regarding the status of their health plan rates.

Washington HB1957 establishes a 60-day approval period for individual and small group market health plans.

Washington HB1957 amends the state's health benefit plan regulations to ensure consistency in the rate approval process. Specifically, it sets a 60-day window for the commissioner to review and either approve or disapprove rate filings for individual and small group market health plans. If the commissioner does not act within this period, the filing is automatically approved. This change aims to streamline the approval process and provide clarity for insurers and consumers regarding the status of their health plan rates.