Across the nation, many insurance companies are asking for big rate increases this year – but in New York, you have the right to weigh in on whether they receive them. Every year, health insurance companies that sell products in New York must ask for permission from the Department of Financial Services (DFS) to change […]
HCFANY worked hard on a series of important priorities this budget season, described in this policy brief. The final enacted budget can be found here. Here’s the quick summary of how we did: Comprehensive coverage for immigrants HCFANY Recommendation: Provide $10.3 million in State funding to offer Essential Plan (EP) to legal immigrants who […]
The New York State Department of Financial Services (DFS) released its final decisions on the rate review process (Don’t remember what that is? Check out our blog post about it here). The 17 carriers on the individual insurance exchange were approved for a weighted average premium increase of 7.1%, which is 3.3% lower than requested […]
Remember our blog post about the rate review process? (If not, that’s okay, you can read it here). HCFANY spent the last month reading premium rate applications and writing up comments. We submitted 10 letters to the Department of Financial Services about plans in the individual on-exchange market. You can read each one here: Affinity […]