Guide to Rate Review, 2018

Posted June 8, 2017 by Amanda Dunker

Insurance companies have to get state approval for their prices each year. In New York, consumer comments are part of the process. This issue brief guides you through the process of commenting on your insurer’s request.

This year, insurers are asking for an average 17 percent increase in the individual market, with a range of 4 to 47 percent.  For the small group, insurers requested an average 12 percent increase, ranging from a decrease of 3 percent to an increase of 21 percent.