Contact Us Today / 516.358.5600 ☰ ˟
Contact Us Today / 516.358.5600
Sexual Harassment Training COVID-19 FAQ Client Portal
Logo
  • Home
    • Home Page
    • Anti-Sexual Harassment Training
  • Get a Quote
  • Insurance Offered
    • Automobile
    • Business & Commercial
    • Church Insurance
    • Cyber Liability Insurance
    • Daycare Insurance
    • Health Insurance
    • Homeowner's Insurance
    • Life Insurance
    • Nonprofit - Social & Human Insurance
    • Professional Liability Insurance
    • School Insurance
    • Voluntary Benefits Insurance
    • Crime Insurance
  • Blog
  • Resources
    • Customer Service
    • File a Claim
    • Secure Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Important Files
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About Carriage Trade Insurance
    • Location Map
    • Employee Directory
    • Partners
    • Customers Testimonials
    • Privacy Policy
  • Contact

What type of insurance coverage do you need?
Home > Blog > 2019 Health Insurance Rates
SUNDAY, AUGUST 19, 2018

2019 Health Insurance Rates

The NY Department of Financial Services has released their approved rates for small group and individual health insurance plans. Please see the tables below and feel free to contact us with any questions.

 

Small Group Market More than one million New Yorkers are enrolled in small group plans, which cover employers with 1-100 employees. Insurers requested an average rate increase of 7.5% in the small group market. DFS cut the weighted average requested rate increases by 50%, from 7.5% to 3.8% for 2019.

Company Name

2019 Requested Rates

DFS Final Approved 2019 Rates

DFS Modification as a Percent of Total Requested

Market
Share

Aetna Life

16.2%

7.9%

-51.6%

4.1%

CDPHP

6.7%

0.0%

-100.0%

0.4%

Emblem

12.0%

9.8%

-18.3%

1.5%

Empire Healthchoice Assurance

6.0%

5.0%

-17.0%

1.7%

EmpireHealthchoice HMO

5.2%

9.2%

75.2%

0.2%

Healthfirst Health Plan, Inc.

21.0%

16.0%

-23.6%

0.0%

Healthfirst Insurance Company, Inc.

7.0%

6.4%

-9.1%

0.6%

MVP Health Plan

7.0%

6.6%

-6.1%

0.2%

Oscar

3.0%

2.0%

-34.5%

0.8%

Oxford Health Insurance Inc*

8.3%

3.0%

-64.0%

53.6%

UnitedHealthcare Ins Company of New York

7.2%

-1.0%

-113.3%

0.1%

Weighted Average

7.5%

3.8%

-50.0%

100.0%


INDIVIDUAL MARKET

Company Name

2019 Requested Rates

DFS Final Approved 2019 Rates

DFS Modification as a Percent of Total Requested

Market
Share

CDPHP*

5.1%

-1.9%

-137.0%

1.7%

Crystal Run Health Plan, LLC

15.7%

10.1%

-35.8%

0.0%

Emblem*

31.5%

17.0%

-46.1%

8.4%

Empire Healthchoice Assurance*

24.0%

0.0%

-100.0%

7.9%

Excellus*

8.9%

4.6%

-48.6%

8.2%

Fidelis (New York Quality Healthcare Corp)*

38.6%

13.7%

-64.5%

30.4%

Healthfirst Insurance Company, Inc.

15.0%

8.8%

-41.3%

0.1%

Healthfirst PHSP, Inc.*

15.0%

9.5%

-36.7%

8.8%

Healthnow New York*

-3.2%

-3.2%

0.0%

2.2%

IHBC*

21.3%

0.6%

-97.3%

1.5%

MetroPlus*

13.5%

13.5%

0.0%

4.3%

MVP Health Plan*

6.5%

1.9%

-71.3%

9.0%

Oscar*

25.2%

11.0%

-56.3%

15.4%

UnitedHealthcare of New York Inc*

23.6%

1.5%

-93.5%

2.1%

Weighted Average

24.0%

8.6%

-64.0%

100.0%

* Indicates the company offers products on the New York State of Health Marketplace.

Posted 10:00 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2014
  • 2013
  • 2012

  • safety tips(59)
  • auto insurance(44)
  • business insurance(26)
  • health insurance(24)
  • driver safety(23)
  • homeowners insurance(21)
  • cyber security(20)
  • cyber liability(17)
  • distracted driving(14)
  • tips(13)
  • driving safety(12)
  • health tips(12)
  • daycare insurance(11)
  • school insurance(10)
  • nonprofit insurance(9)
  • prevention tips(8)
  • driving tips(8)
  • auto coverage(7)
  • car safety(6)
  • summer safety(5)
  • emergency kits(4)
  • woodworking insurance(4)
  • don't text and drive(4)
  • storm safety(3)
  • drunk driving(3)
  • emergency tips(3)
  • cyber safety(3)
  • social media safety(3)
  • cybersecurity(3)
  • woodworkers insurance(3)
  • covid vaccine(2)
  • life insurance(2)
  • lumberyard insurance(2)
  • coronavirus(2)
  • non-profit insurance(2)
  • directors and officers insurance coverage(2)
  • woodworkers tips(2)
  • awareness(2)
  • machinery safety(2)
  • safe computing 2022(2)
  • sexual harassment(2)
  • renters insurance(2)
  • covid 19(2)
  • #coronavirus #healthinsurance(1)
  • tips for nonprofit organizations(1)
  • tire safety(1)
  • local business(1)
  • mary quinn's mark foundation(1)
  • driving emergencies(1)
  • spring(1)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Carriage Trade Insurance Agency, Inc.
99 Tulip Avenue
Suite 404
Floral Park NY 11001
At Carriage Trade Insurance, the spirit of creativity is alive and well! We’ve dedicated our careers – a combined 40-plus years – to continually stay abreast of trends and innovations in the insurance industry and put that knowledge to work for you to create unique and individualized insurance solutions.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder