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 […]
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 […]