HCFANY Blog RSS Feed

Read HCFANY’s 2023 Rate Review Comments

Posted July, 6 2022 by Amanda Dunker

New York’s individual market premiums might increase by an eye-popping average 19 percent in 2023, far surpassing the requests coming in from carriers in other states. Washington and Michigan are proposing increases of just 7%, despite having comparable individual markets. Rate increases mean New Yorkers would spend a greater share of their budget on health […]

Tell New York to Lower Insurance Premiums by July 1

Posted June, 27 2022 by Amanda Dunker

Despite reporting record profits during the pandemic, all of New York’s 12 individual market insurance companies plan to increase premiums in 2023.  Costs could increase by a whopping 19 percent on average, meaning New Yorkers would spend a greater share of their budget on health care and less on food, transportation and other necessities – […]

Rate Review Comments are Due July 6: Read HCFANY’s Comments Here!

Posted July, 1 2021 by Amanda Dunker

Insurers offering products in New York’s individual, small group, and Medicare Advantage markets submit applications to the Department of Financial Services (DFS) each year which describes how premiums will change and why. DFS (and HCFANY!) encourage consumers to respond to these requests by share their experiences with DFS. How affordable do you think your current […]

Rate Review Comments are Due Soon – Check Out Ours!

Posted June, 25 2020 by Amanda Dunker

Each year, the Department of Financial Services reviews applications from insurers in the individual, small group, and Medicare Advantage markets and decides whether rates should go up, down, or stay the same. This year, insurers are asking for an average increase of 11.7% in the individual market, which is too much for consumers to manage […]