New Yorkers anticipating health insurance premiums in the individual market will facedisappointing developments in 2025. The latest data shows that individual market ratesare expected to increase by an average of 13 percent next year. Insurance carriers initiallyrequested a 17 percent average rate surge for 2025, but through New York’s prior approvalprocess, the Department of Financial […]
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 […]
New York’s individual market insurance carriers plan to increase premiums by an average of 17% in 2025. This month, consumers have the opportunity to weigh in to make our voices heard. The State already approved premium increases of over 14% on average in 2024, another 17% would make health insurance out of reach for many […]
New York State of Health (NYSOH) has included several exciting new initiatives in its 2025 Plan Invitation. Though some of the initiatives are subject to federal approval, HCFANY is thrilled about the improvements to the quality and affordability of health insurance plans offered on the NYSOH marketplace. Here are some key wins for consumers:
