The NY State Department of Financial Services has given approval to rate increases starting next year.
According to state officials premiums in the individual market and small group plans will see a jump in 2026. The Department of Finance approved an average 7.1% increase for policies purchased by individuals. In the small group category, which covers employers with up to 100 employees, the increase will be nearly double that of the individual market with the average increase expected to be around 13% next year.
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