Oregonians continue to have at least five health insurance companies to choose from in every Oregon county as companies file 2026 health insurance rate requests for individual and small group markets

June 2, 2025

Oregon health insurers have submitted proposed 2026 rates for individual and small group plans, launching a months-long review process that includes public input and meetings.

Five insurers will again offer plans statewide (Moda, Bridgespan, PacificSource, Providence, and Regence), and Kaiser is offering insurance in 11 counties, giving six options to choose from in various areas around the state.

In the individual market, six companies submitted rate change requests ranging from an average increase of 3.9 percent (PacificSource) to 12.9 percent (Kaiser), for a weighted average increase of 9.7 percent. That average increase is slightly higher than last year’s requested weighted average increase of 9.3 percent.

In the small group market, eight companies submitted rate change requests ranging from an average increase of 5.1 percent (PacificSource) to 21.5 percent (Providence), for a weighted average increase of 11.5 percent, which is lower than last year’s 12.3 percent requested average increase.

The Oregon Reinsurance Program continues to help stabilize the market and lower rates. Reinsurance lowered rates by at least 6 percent for the eighth straight year. In fact, this year the reinsurance program resulted in a 9.2 percent average lower premium.

The rate filings also reference uncertainty and other changes for some insurers. For example, two insurers – UnitedHealthcare Inc. and UnitedHealthcare of Oregon – include a 2.7 percent impact due to prescription drug tariffs. Also, Regence filed a separate request to consider up to an additional $25 per member per month increase as part of its rate filing based on possible Oregon legislative changes. That request, which is subject to the Oregon Division of Financial Regulation’s (DFR) approval, is not included in the attached chart of rate change requests.

DFR, which approves all rate request changes, will also inquire further with insurers throughout the process about ongoing uncertainty at the federal level, including further tariffing of prescription drugs and medical equipment, key changes in laws and subsidies, and additional cost drivers that may be felt by consumers.

See the attached chart for the full list of rate change requests.

“Oregon’s insurance market continues to grow with Kaiser adding even more counties than last year and all other counties still having five carriers offering plans,” said Oregon Insurance Commissioner and Department of Consumer and Business Services Director Andrew R. Stolfi. “The economy, uncertainty caused by federal actions, and increased spending in some areas are driving prices higher than last year. Oregonians still have a lot of options to choose from and the Oregon Reinsurance Program continues to allow Oregonians to find reasonable rates.”

Virtual public meetings about the 2026 requested health insurance rates will be held Friday, June 20, from 8:30 to 11:30 a.m. and Friday, July 18, from noon to 3 p.m. A web address to watch the public meetings will be posted at oregonhealthrates.org. At the meetings, each insurance company will provide a brief presentation about its rate increase requests, answer questions from DFR employees, and hear public comment from Oregonians. The public also can comment on the proposed rates through June 20 at oregonhealthrates.org.

“We look forward to a thorough and transparent process putting these rate requests through a rigorous public review, and we encourage the public to join the virtual public meetings and provide feedback on their health insurance plans,” Stolfi said. “This public process not only helps keep insurance companies accountable, but it gives Oregonians the opportunity be part of the process.”

The requested rates are for plans that comply with the Affordable Care Act for small businesses and individuals who buy their own coverage rather than getting it through an employer.

Over the next two months, DFR will analyze the requested rates to ensure they adequately cover Oregonians’ health care costs. DFR must review and approve rates before they are charged to policyholders.

In addition to reviewing the rate filings to determine if the rate changes are justified, DFR continues to monitor the ongoing federal policy and financing uncertainties to evaluate their effect on consumers. For example, expanded advance premium tax credits, which help subsidize premiums for some consumers and were part of COVID funding packages, expire at the end of 2025. While the expiration of these credits do not affect the rates under review, these changes would result in higher consumer costs. DFR will continue to keep consumers informed about these impacts during the rate review process.

Preliminary decisions are expected to be announced in July, and final decisions will be made in August after the public meetings and comment period ends.

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About DCBS: The Department of Consumer and Business Services is Oregon's largest business regulatory and consumer protection agency. For more information, go to oregon.gov/dcbs.

About Oregon DFR: The Division of Financial Regulation is part of the Department of Consumer and Business Services, Oregon's largest business regulatory and consumer protection agency. Visit oregon.gov/dcbs and dfr.oregon.gov.