State extends enrollment deadline to ensure more people have the insurance coverage they need Those living in New York will have more time to purchase health insurance coverage through the state’s exchange in order to ensure that they are covered on January 1, 2016. The New York State of Health is eager to see more consumers enroll for coverage and avoid facing a federal fine associated with being uninsured. With the enrollment activity that the state’s insurance exchange has been experiencing this month, state officials are hoping that the extended…
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Bernard College reports major increases in the cost of its health insurance plan
School has seen significant increases in the annual costs of its health insurance plan for students New York’s Bernard College has seen the annual cost of its health insurance plan for students skyrocket over the past few years. Students typically use the school’s Aetna Student Plan to receive the coverage that they need, which helps them cover the cost of medical care and medication. Fewer students are beginning to use the plan due to its high cost. During the school’s most recent semester, enrollment in the Aetna Student Plan dropped…
Read MoreHealth insurance rates to rise in New York in 2016
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…
Read MoreNew Yorkers struggle to find health insurance coverage
Federal law has helped make insurance more affordable, but not for everyone Many of those living in New York are still unable to afford health insurance coverage, despite the provisions of the Affordable Care Act. The federal law provides many people with subsidies that can offset the cost of coverage, but even with subsidies, New Yorkers are finding it difficult to afford the policies they need. A recent survey from the Robert Wood Johnson Foundation found that cost is the greatest barrier preventing people from purchasing health insurance coverage. Majority…
Read MoreNew York home to third highest auto insurance premiums in the country
Study shows that auto insurance premiums in New York are higher than the national average New York is a notoriously expensive state, with a high cost of living and an abundance of luxuries that few other states can rival. For drivers, the costs associated with living in New York are all too clear. According to a study from InsuranceQuotes.com, the state is home to the third highest auto insurance rates in the United States. Though New York falls behind both Michigan and Rhode Island in terms of insurance premiums, this…
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