As New York transitions from summer to fall, residents are bracing not only for cooler weather but also for rising health insurance costs in 2026.
Many New Yorkers can expect more than a 10% increase in health insurance rates next year. Major insurers, including Excellus Health Plan, Highmark Western and Northeastern New York, and Independent Health, requested rate hikes ranging from 20% to more than 38%.
After review, the New York State Department of Financial Services approved more moderate increases, averaging between 7% and 13%.
The upcoming rate hikes add to a series of cost increases for residents, including recent spikes in electricity rates and general inflation over the past three years. While health coverage costs rise, wages have not kept pace, leaving many New Yorkers to find additional funds to cover essential expenses.
The increases highlight ongoing financial pressures for households across the state as they prepare for higher living costs in the coming year.
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