Summary of Requested 2022 Rate Actions 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.