2027 Final NY small group health insurance rates released by DFS

NY Small Business Health Insurance Rates

2027 Final NY small group health insurance rates released by DFS

2024 NY Small business health insurance ratesDFS has released the final approved 2027 NY small group health insurance rates in New York. Statewide, Insurers requested an average rate increase of 23.7% in the small group market, and DFS approved an average 8% increase for 2027. The list below is for downstate requested vs. approved rate changes. Your particular plan with either carrier might be higher or lower than the average overall for all small group plans the carrier offers.

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 2027 Rate Actions Approved 2027 Rate Actions
Anthem Healthchoice Assurance 20.4% 14.4%
Oxford Health Insurance Inc. 30.6% 6.3%

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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