Premiums will be higher by an average of double-digit percentage points for 2024 coverage. Residents of New York state will be facing an average health insurance rate increase of 12.4 percent for 2024’s individual plans. State records have also shown that small group plans will see a 7.4 percent increase next year. The rate increases for health insurance in New York are still considerably lower than those that were sought by insurers earlier in the year. They had been requesting rate hikes of almost 21 percent for individual plans and…
Read MoreNew York health insurance rates will be higher next year
