Posted September, 3 2025 by Will Pan
The New York Department of Financial Services (the Department) reduced the requested rates by insurance carriers for the individual market by 48 percent for 2026. Carriers initially requested a 13 percent average rate surge, but through New York’s prior approval process, the Department trimmed this figure down to an average of seven percent. Without this […]
Posted February, 11 2026 by Zinnia Finn
HCFANY is thankful to have the opportunity to testify at the 2026 Joint Legislative Budget Hearing on Health. Find HCFANY’s detailed Executive FY27 Testimony here. The Executive Budget includes many proposals to help protect and enhance New Yorkers’ access to affordable health coverage. HCFANY’s budget testimony covers three topics: Protect and improve health coverage Regulate prices to create a more affordable health care […]
Posted January, 13 2026 by Will Pan
Today, Governor Hochul delivered her 2026 ‘State of the State’ address. HCFANY commends the Governor for proposing initiatives that protect patients from rising health care costs, mitigate federal cuts to health care, and reduce barriers to care. The Governor also acknowledged some key victories last year, many of which HCFANY has advocated for. This includes […]
Posted February, 6 2025 by Will Pan
Find up-to-date information on federal cuts here. The information below is not up to date. Several federal proposals circulating in Washington could threaten New York’s health care system and local communities. These cuts to essential health care would harm New Yorkers, hospitals, health care providers, insurance companies, and the State’s economy and budget. Around 8.6 […]
Posted June, 27 2024 by Mia Wagner
New York’s individual market premiums might increase by up to 17 percent in 2025. New York’s twelve individual market carriers are requesting increases ranging from 9 percent by MVP to a shocking 51 percent by Emblem. These requested increases far surpass requests from carriers in other states. In our comments, HCFANY breaks down why DFS […]
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 […]