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Summary of Requested 2023 Rate Actions

NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES

2023 INDIVIDUAL AND SMALL GROUP REQUESTED RATE ACTIONS

6/3/2022

Health insurers in New York have submitted their requested rates for 2023, 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 2023 Requested Rate Change
CDPHP* 28.4%
Emblem (HIP)* 34.6%
Excellus* 14.0%
Fidelis (New York Quality Healthcare Corp)* 23.2%
Healthfirst Insurance Company, Inc. 12.6%
Healthfirst PHSP, Inc.* 13.0%
Highmark Western and Northeastern New York (Formerly HealthNow)* 20.5%
HealthPlus HP, LLC (Formerly Empire)* 6.9%
IHBC* 10.2%
MetroPlus* 13.0%
MVP Health Plan* 19.2%
Oscar* 14.6%
UnitedHealthcare of New York Inc* 16.1%
Weighted Average 18.7%

 

SMALL GROUP MARKET

 
Company Name 2023 Requested Rate Change
Aetna Health 30.6%
Aetna Life 31.0%
CDPHP* 17.4%
CDPHP UBI* 20.1%
Emblem (HIP)* 19.0%
Emblem Health Ins Co* 45.7%
Empire Healthchoice Assurance* 17.6%
Excellus* 12.9%
Healthfirst Insurance Company, Inc. 15.0%
Highmark Western and Northeastern New York (Formerly Healthnow) 15.3%
IHBC 15.9%
MVP Health Plan* 14.2%
MVP Health Services Corp.* 13.6%
Oscar 19.4%
Oxford Health Insurance Inc* 16.8%
UnitedHealthcare Ins Company of New York 19.1%
Weighted Average 16.5%

 

* Indicates the Company will offer products on the NY State of Health Marketplace in 2023.