HB 2073 Washington House · 2025-2026 Regular Session

Funding health insurance premium assistance.

HB 2073 requires nonprofit health insurance carriers in Washington State to contribute a portion of their excessive surplus to a state fund that supports health insurance premium assistance for residents. Specifically, carriers must report their surplus by July 1, 2026, and if their surplus exceeds 600% of required risk-based capital (RBC), they must pay 3% of the excess amount to the state health care affordability account by October 1, 2026. This fund will administer premium assistance programs under existing law to help residents afford health insurance. The law applies directly to nonprofit health carriers operating in Washington and takes effect January 1, 2026.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 12, 2026 Last action Mar 12, 2026

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What changed between versions

Bill → Substitute Bill · 4 edits

MODERATE

The bill was amended to significantly increase the financial contribution required from nonprofit health insurance carriers to the state's health care affordability account. The threshold for defining 'excessive surplus' was raised from 600% of risk-based capital requirements to 100 times the minimum net worth level, and the required payment rate increased from 3% to 10% of the excessive amount. The bill also updated the session year to 2026 and adjusted the timeline for the commissioner's initial review to October 1, 2026.

Scope change

The scope of the financial requirement changed by altering the calculation method for 'excessive surplus' and the percentage of that surplus that must be paid to the state fund.

REQUIREMENT

The threshold for determining 'excessive surplus' changed from 600% of risk-based capital requirements to 100 times the minimum net worth level set in RCW 48.44.037(1)(a).

FISCAL

The required payment to the state health care affordability account increased from 3% to 10% of the excessive surplus.

TIMELINE

The deadline for the commissioner to determine if a surplus is excessive was moved from July 1, 2026, to October 1, 2026.

TECHNICAL

The bill title was updated to reflect the 2026 Regular Session, and the sponsor attribution was updated to include the House Appropriations committee.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 9, 2026

Committee

Referred to Rules 2 Review.

lower

Feb 9, 2026

Lower · Passed

Minority; do not pass.

lower

Feb 9, 2026

Lower · Passed

Executive action taken in the House Committee on Appropriations at 10:30 AM.

lower

Feb 2, 2026

Lower · Passed

Public hearing in the House Committee on Appropriations at 4:00 PM.

lower

Jan 12, 2026

Introduced

By resolution, reintroduced and retained in present status.

lower

1 primary · 2 co-sponsors