Tag: new york

Bernard College reports major increases in the cost of its health insurance plan

Marc
health insurance for student

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…

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Health insurance rates to rise in New York in 2016

Nordstrom
Health Insurance rate increases

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…

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New Yorkers struggle to find health insurance coverage

Nordstrom
New York Health Insurance

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…

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New York home to third highest auto insurance premiums in the country

Nordstrom
auto insurance fraud

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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New York officials seek reforms to flood insurance

Logan B.
storm flood homeowners insurance rain

Officials want to see reforms made to the National Flood Insurance Program New York officials want to see more reform come to the U.S. National Flood Insurance Program, as well as how flood coverage is handled overall. Assemblyman Phil Goldefer and Senator Chuck Schumer are calling for significant reforms, hoping to address the crippling financial issues that have plagued those that were affected by 2012’s Hurricane Sandy. The hurricane caused significant damage to property in New York and other states. The storm left many homeowners in financial stress, as their…

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New York sees increase in health insurance exchange enrollment

Logan B.
New York Health Insurance

State has made progress in making its exchange more popular among consumers New York ranked fourth in the U.S. in terms of enrollment in health insurance exchanges, according to a report from the Kaiser Family Foundation. The state has made significant strides in raising awareness about its exchange and the services that it offers, which lead to more people enrolling in the exchange throughout the state. Several other states have seen an increase in enrollment as well, due to the marketing efforts that they have made to improve awareness among…

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New York may launch its own flood insurance program

S.Vagus
flood insurance residential homeowners

Assemblyman proposes the establishment of a state-run insurance program New York may have a solution to the flood insurance problem: Abandoning the National Flood Insurance Program. Early last year, Assemblyman Phil Goldfeder proposed a plan to create the state’s own flood insurance program, free from the control of the federal government. The plan had received relatively little support in its early days, but now Goldfeder is pushing to make this initiative a reality. A state-run program could have serious implications for flood insurance coverage in New York. Federal program continues…

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