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Every year, health insurance carriers that participate in New York\u2019s Marketplace, New York State of Health, submit requests to the Department of Financial Services (DFS) on what they would like to charge for health insurance premiums the following year. See below for template language and instructions for submitting a comment on the proposed 2027 premium increases.<\/p>\n
Starting five days after the proposed rates are released, consumers have 30 days to submit comments. DFS considers consumer comments to determine the approved premium changes (typically increases) each insurer is allowed. This process, known as prior approval or rate review, is an opportunity for the State to keep premiums affordable for New Yorkers.<\/p>\n
This year, New York\u2019s individual market insurance carriers have asked the Department of Financial Services to allow them to increase premiums by an average of 21% in 2027<\/strong>. This increase would force New Yorkers to pay an average of $2,065 more annually, or $172 more monthly, in premiums<\/strong>. HCFANY hopes the State continues its trend of reducing carrier premium increase requests. For the past three years, the State has approved premium increases of 14% in 2024, 13% in 2025, and 7% in 2026.<\/p>\n Up until July 17th, consumers can make their voices heard by weighing in on the prior approval process<\/strong>.\u00a0\u00a0<\/p>\n Depending on the carrier, premiums could increase by 1% to 52% in 2027, limiting New Yorkers\u2019 ability to spend on other essentials like groceries, transportation, or housing. Below is a table showing the breakdown by carrier.<\/p>\n Make your voice heard:\u202f<\/strong>submit a public comment<\/strong><\/a>\u202fbefore July 17th, 2026, sharing how steep premium increases would affect your budget or loved ones.<\/strong> Below are the steps and an example script to submit a public comment online.<\/strong><\/p>\n![\"\"](\"https:\/\/hcfany.org\/wp-content\/uploads\/2026\/06\/RR-blog-template-3.png\")
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