{"id":6883,"date":"2019-08-13T14:04:31","date_gmt":"2019-08-13T18:04:31","guid":{"rendered":"https:\/\/peakinsuranceadvisors.com\/?p=6883"},"modified":"2019-09-17T12:54:13","modified_gmt":"2019-09-17T16:54:13","slug":"2020-rates-for-ny-small-group-health-insurance","status":"publish","type":"post","link":"https:\/\/peakinsuranceadvisors.com\/2020-rates-for-ny-small-group-health-insurance\/","title":{"rendered":"Final 2020 NY small group health insurance rates released by DFS"},"content":{"rendered":"<h1>Final 2020 NY small group health insurance rates released by DFS<\/h1>\n<p>DFS has released final approved rates for 2020 NY small business health insurance plans in downstate NY. After coming off a year with relatively flat or even declining rates in 2019, insurers received an average rate increase of 7.9% for 2020. The federal ACA Health Insurance Tax, which was reimposed for 2020, accounts for approximately 3% of these rates. Without this tax, the increase would have been 4.7%.<\/p>\n<p>When you factor in a flat rate for 2019, most NY small business health insurance plans will see rate increases over the entire 2019 and 2020 contract years in the low to mid single digits which is historically low for the past 10 years.<\/p>\n<p>Should you wish to review rates for all carriers, you can <a href=\"https:\/\/peakinsuranceadvisors.com\/ny-small-business-health-insurance-rates\/\">request a summary comparison of all carriers and networks here.<\/a><\/p>\n<div class=\"su-table su-table-responsive su-table-alternate su-table-fixed\">\n<table>\n<tbody>\n<tr>\n<td><strong>Company<\/strong><\/td>\n<td><strong>Requested 2020 Rate Actions<\/strong><\/td>\n<td><strong>Approved 2020 Rate Actions<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Aetna Life<\/td>\n<td>9.3%<\/td>\n<td>1.1%<\/td>\n<\/tr>\n<tr>\n<td>Emblem (HIP)<\/td>\n<td>5.9%<\/td>\n<td>4.9%<\/td>\n<\/tr>\n<tr>\n<td>Empire Healthchoice Assurance<\/td>\n<td>8.5%<\/td>\n<td>8.5%<\/td>\n<\/tr>\n<tr>\n<td>Healthfirst Insurance Company, Inc.<\/td>\n<td>-4.7%<\/td>\n<td>-4.7%<\/td>\n<\/tr>\n<tr>\n<td>Oscar*<\/td>\n<td>17.5%<\/td>\n<td>17.5%<\/td>\n<\/tr>\n<tr>\n<td>Oxford Health Insurance Inc.<\/td>\n<td>15.9%<\/td>\n<td>9.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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.<\/p>\n<p>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Final 2020 NY small group health insurance rates released by DFS DFS has released final approved rates for 2020 NY small business health insurance plans in downstate NY. After coming off a year with relatively flat or even declining rates in 2019, insurers received an average rate increase of 7.9% for 2020. The federal ACA [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":6877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[1746],"tags":[1852,224,363,157],"class_list":["post-6883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business-health-insurance-rates-ny","tag-2020-small-business-health-insurance-rates","tag-ny-group-health-insurance","tag-ny-small-group-health-insurance","tag-small-group-health-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.4 (Yoast SEO v24.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Final 2020 NY small group health insurance rates released by DFS - New York Health Insurance - Affordable Small Business Health Plans<\/title>\n<meta name=\"description\" content=\"Peak Advisors specializes in affordable small group health insurance \/ small business health insurance plans and is here to assist you in comparing, obtaining, and servicing all of your New York business insurance needs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/peakinsuranceadvisors.com\/2020-rates-for-ny-small-group-health-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Final 2020 NY small group health insurance rates released by DFS\" \/>\n<meta property=\"og:description\" content=\"Peak Advisors specializes in affordable small group health insurance \/ small business health insurance plans and is here to assist you in comparing, obtaining, and servicing all of your New York business insurance needs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/peakinsuranceadvisors.com\/2020-rates-for-ny-small-group-health-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"New York Health Insurance - 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