Approved Individual Market rates for 2027 prioritize protecting patients; nearly half the plans are not permitted a rate increase
Posted September 9, 2026 by Zinnia Finn
The New York Department of Financial Services (the Department) reduced individual market carriers’ requested rate increases by 71 percent for plan year 2027. Carriers initially requested a 21 percent average rate increase—the highest of the past seven years—but through New York’s prior approval process, the Department cut this hike to an average of six percent. […]
