Live Insurance News

New York health insurance rates will be higher next year

September 11, 2023September 8, 2023 Nordstrom

Health insurance - Person holding heart health and dollar sign

Premiums will be higher by an average of double-digit percentage points for 2024 coverage. Residents of New York state will be facing an average health insurance rate increase of 12.4 percent for 2024’s individual plans. State records have also shown that small group plans will see a 7.4 percent increase next year. The rate increases for health insurance in New York are still considerably lower than those that were sought by insurers earlier in the year. They had been requesting rate hikes of almost 21 percent for individual plans and…

NY bill would require health insurance coverage for cancer biomarker testing

May 1, 2023April 28, 2023 Marc

Health insurance - Cancer biomarker test

Lawmakers and cancer survivors came together in support of the New York legislation. Last week, New York lawmakers and cancer survivors gathered by the hundreds in Albany in support of legislation that would require health insurance companies to cover patient testing for cancer biomarkers. Insurers, however, have expressed their opposition to the bill for this new coverage requirement. Cancer Action Day at the New York state Capitol was focused on the mandate which would apply to Medicaid all health insurance policies providing major medical coverage. They would all be required…

New York single payer health care gets Cynthia Nixon’s Nod

July 26, 2018July 25, 2018 Marc

Single-Player Health Care in NY - Cynthia Nixon - YouTube Screencap

The state governor candidate has endorsed it as a component of her challenge against Gov. Cuomo. Candidate for New York Governor, Cynthia Nixon, has added her endorsement to a state-wide single payer health care system. This strategy is meant to build her challenge against Governor Andrew Cuomo (D). Nixon released a video in which she described the health care system and why she believes in it. “Health care should be a human right, not a privilege for those who can afford it,” said Nixon in her video discussing single payer…

Enrollments in New York health insurance spike

August 28, 2015August 26, 2015 Julie Campbell

This year, there have been a large number of people who have purchased coverage in the state. Since the start of this year, there has been a considerable increase in the number of people who have enrolled for New York health insurance through the state’s official exchange marketplace. There are a number of reasons that New Yorkers seem to have jumped on board the coverage bandwagon. Western New York Health-care Association president, John Bartimole, has stated that one of the primary reasons that there has been an increase in participation…

Health insurance rates to rise in New York in 2016

August 6, 2015August 4, 2015 Nordstrom

Insurance premiums are growing for those with coverage in New York Health insurance rates in New York are expected to rise next year. This is a trend that is becoming more common throughout the country, as insurers seek approval to raise premiums in order to recover from financial losses associated with increasingly expensive medical claims. In New York, regulators have been challenging major rate increases and have managed to find some success. As such, rates are expected to increase by a modest degree, well below what the average increase would…

New Yorkers may be paying more for their health insurance

August 14, 2014August 12, 2014 Logan B.

Those living in rural areas could see their rates go up New York residents that live in rural areas will likely see their health insurance rates go up in the coming year. This may be especially true for those that have purchased policies through the state’s insurance exchange. Those living in rural areas have the fewest options available when it comes to insurance coverage. As such, they are typically left with the most expensive plans. While some of these plans offer significant benefits, they do represent a certain degree of…

New York health insurance exchange set to meet its goal

December 13, 2013December 10, 2013 G. Turner

Enrollments in the state are on track with where it had expected to be and what it hoped to achieve. So far, while the implementation of the most public facing element of the healthcare reforms has been rather rocky, things appear to be perfectly on track with the New York health insurance exchange, as it has seen over 100,000 people enrolling and feels that it is on track to be able to reach the goals that it has set. With only two weeks left in which residents are able to…