2017 NY Health Insurance Rates Approved

August 8, 2016

Uncategorized

2017 NY health insurance rates for individuals and small group markets, including rates for the NY State of Health, were released by the NYS Department of Financial Services. This post is not meant to explain the reasoning or specifics of the actual rate changes, but to just give you the details of the approved rates based on carrier requests and NYSDFS approvals of those requests for the carriers we represent in the downstate NY geographic region:

INDIVIDUAL CARRIERS   Carrier’s Requested Rate Change   DFS Approved Rate Change %

Care Connect – NSLIJ                    29.2%                                             29.2%

OSCAR                                         20.9%                                              19.6%

SMALL GROUP CARRIERS

Aetna                                          12.0%                                               8.4%

Care Connect – NSLIJ                    16.8%                                              23.2%

Emblem Health                             5.3%                                                5.7%

Empire BC/BS                              12.2%                                              11.4%

Oxford                                        12.9%                                                5.6%