Posted September, 12 2023 by Mia Wagner
New Yorkers bracing for health insurance premiums in the individual market are in for some unwelcome news as we look ahead to 2024. According to the latest data, individual market rates are set to surge by an average of 12.4 percent next year. Health plans had initially requested a whopping 22.1 percent average rate hike […]
Posted July, 13 2023 by Mia Wagner
HCFANY worked hard to further a series of important priorities during this year’s budget and legislative session. Read below for a review of what consumers won this legislative session and what remains a priority on the HCFANY policy agenda. Medical Debt Over 54,000 New Yorkers were sued by hospitals between 2015 and 2020, and nearly […]
Posted July, 5 2023 by Mia Wagner
New York’s individual market premiums might increase by up to 20.4 percent in 2024. New York’s twelve individual market carriers are requesting increases ranging from 13.3 percent by MVP to a shocking 52.8 percent by Emblem. These requested increases far surpass requests from carriers in other states. Carriers in Washington and Michigan are proposing increases […]
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 – […]
Posted August, 6 2018 by Amanda Dunker
Premiums will go up for most individual market plans in 2019 – but the average increase is only 8.6 percent, the lowest in three years (read our comments on the individual market applications here). Premiums for small group plans will only go up by 3.8 percent on average. In New York, insurers have to get […]
Posted June, 28 2018 by Amanda Dunker
In a recent blog post, we explained how New Yorkers can comment on the rates their insurers have requested for 2019. You can read that blog post here. The deadline for submitting comments is Sunday, July 1 so there isn’t very much time left. Comments can be submitted electronically here. And you can find our […]
Posted June, 4 2018 by Taylor Frazier
Albany, NY – Health Care for All New York (HCFANY), a statewide coalition of over 170 consumer advocacy organizations, encourages consumers and consumer advocates to weigh in on health insurance rate proposals for 2019. On June 1, the Department of Financial Services (DFS) posted a summary of the carriers’ rate proposals. The insurance carriers claim that […]