Posted September, 9 2026 by Zinnia Finn
The New York Department of Financial Services (the Department) reduced individual market carriers’ requested rate increases by 71 percent for plan year 2027. Carriers initially requested a 21 percent average rate increase—the highest of the past seven years—but through New York’s prior approval process, the Department cut this hike to an average of six percent. […]
Posted July, 20 2026 by Zinnia Finn
Each year, HCFANY submits comments to the Department of Financial Services (the Department) as part of the State’s rate review process. The annual rate review process allows the Department to regulate health insurance premiums for the ACA marketplace. HCFANY’s comments focus on carriers offering products on New York’s individual market and cover the rate applications […]
Posted June, 16 2026 by Will Pan
Every year, health insurance carriers that participate in New York’s Marketplace, New York State of Health, submit requests to the Department of Financial Services (DFS) on what they would like to charge for health insurance premiums the following year. See below for template language and instructions for submitting a comment on the proposed 2027 premium […]
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 […]
