New York’s individual health insurance rates to rise 3.7% in 2022

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Albany, NY – New Yorkers with individual health insurance plans will see rates increase an average of 3.7% in 2022, the state announced today.

The rate changes will range from a low of -4.4% for Independent Health in Buffalo to a high of 9.7% for Healthfirst, a New York-area insurer.

Here are the 2022 rate changes for insurers selling individual policies in central New York: Excellus, 4.5%; Fidelis, -0.1%; CDPHP, 7%; MVP, 8.5%.

About 264,000 New Yorkers are enrolled in individual plans.

Another 900,000 New Yorkers are enrolled in small group plans, which cover employers with up to 100 employees.

The state said rates for small group plans would increase next year by 7.6% on average.

The state’s Department of Financial Services said medical claims fell dramatically in 2020 due to the postponement of elective and elective services, but medical claims have risen this year as New Yorkers catch up on their appointments. medical and deferred services.

The rate changes will not affect New Yorkers enrolled in employer-sponsored group plans.

James T. Mulder covers health and higher education. Do you have a tip? Contact him at (315) 470-2245 or [email protected]


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