Summary of Requested 2022 Rate Actions
NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES
2022 INDIVIDUAL AND SMALL GROUP REQUESTED RATE ACTIONS
5/28/2021
Health insurers in New York have submitted their requested rates for 2022, as set forth in the charts below. These are the rates proposed by health insurers, and have not been approved by DFS.
INDIVIDUAL MARKET
Company Name | 2022 Requested Rate Change |
---|---|
CDPHP* | 11.4% |
Emblem (HIP)* | 5.2% |
Excellus* | 6.2% |
Fidelis (New York Quality Healthcare Corp)* | 3.7% |
Healthfirst Insurance Company, Inc. | 33.3% |
Healthfirst PHSP, Inc.* | 34.4% |
Highmark Western and Northeastern New York (Formerly HealthNow)* | 18.1% |
HealthPlus HP, LLC (Formerly Empire)* | 10.2% |
IHBC* | -0.2% |
MetroPlus* | -3.9% |
MVP Health Plan* | 16.9% |
Oscar* | 13.6% |
UnitedHealthcare of New York Inc* | 13.9% |
Weighted Average | 11.2% |
SMALL GROUP MARKET
Company Name | 2022 Requested Rate Change |
---|---|
Aetna Health | -4.5% |
Aetna Life | 7.0% |
CDPHP* | 11.3% |
CDPHP UBI* | 11.1% |
Emblem (HIP)* | 11.1% |
Emblem Health Ins Co* | 7.7% |
Empire Healthchoice Assurance* | 14.7% |
Excellus* | 9.7% |
Healthfirst Insurance Company, Inc.* | 15.0% |
Highmark Western and Northeastern New York (Formerly Healthnow) | 17.6% |
IHBC* | 0.1% |
MVP Health Plan* | 7.9% |
MVP Health Services Corp.* | 7.1% |
Oscar | 13.7% |
Oxford Health Insurance Inc* | 15.9% |
UnitedHealthcare Ins Company of New York | 17.5% |
Weighted Average | 14.0% |
* Indicates the Company offers products on the NY State of Health Marketplace.