The New York State Department of Financial Services released the approved 2020 rates for the individual and small group market. The requested weighted average increase for the individual market reflected an increase of 9.2%. The Department approved a weighted average increase of 6.8%. The requested weighted avberatge increase for the small group market reflected an increase of 12.2%. The Department approved a weighed average increase of 7.9%.Print
For the complete announcement on the DFS Website click here.