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Final 2025 NY small group health insurance rates released by DFS

NY Small Business Health Insurance Rates

Final 2025 NY small group health insurance rates released by DFS

2024 NY Small business health insurance ratesDFS has released the final approved 2025 NY small group health insurance rates in New York. Statewide, Insurers requested an average rate increase of 18.6% in the small group market, and DFS approved an average 8.4% increase for 2025. The list of downstate requested vs. approved rate changes are listed in the chart below, with approved increases slightly higher than the statewide average.

Should you wish to review rates for all carriers, you can request a summary comparison of all carriers and networks here. You can also set up an online consult with us via our online calendar here.

Company Requested 2025 Rate Actions Approved 2025 Rate Actions
Anthem Healthchoice Assurance 10.7% 8.0%
Oxford Health Insurance Inc. 18.2% 5.3%

Peak Advisors, Inc. is a group health insurance brokerage located on Long Island, NY. We specialize in NY small business health insurance plans consisting of 1-100 employees throughout the tri-state area. In addition, we write a full array of Business, Personal, and Senior Insurance products. So give us a call at (631) 207-1800 to discuss you insurance needs.

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