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%