Rate Review Reduces Premium Increases in New York

Posted August, 5 2016 by Amanda Dunker

Premiums in New York will increase this year for people buying plans in the individual and small group markets. But thanks to our public rate review process, the increases are smaller than what carriers requested. Carriers asked the Department of Financial Services (DFS) to approve an average 18 percent increase (learn more about rate review […]

HCFANY Rate Review Letters Available!

Posted June, 22 2016 by Amanda Dunker

Last month, we told you about the rate review process, which happens every year when health insurance companies submit requests for rate increase or decreases to the state Department of Financial Services (DFS). New York’s carriers were asking for some pretty big increases this year – about 18 percent on average across the individual and […]