A state agency has released its decisions on rate hike requests from health insurance companies.
The New York State Department of Financial Services says that overall, rates in the individual market in 2021 will increase by only 1.8%, which it says is the lowest increase in that category since the agency regained the authority to approve the rates a decade ago. And DFS says that the average 4.2% rate hike for the small group plans is the second lowest ever approved by the agency during that period.
Read this full story from our friends at WXXI: https://www.wxxinews.org/post/new-york-state-announced-health-insurance-rates-next-year
