No matter the state you reside in, health insurance is essential for maintaining your family’s security and health. There are a number of ways to purchase affordable health insurance plans in New York State!
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How to Buy Health Insurance in New York
Some New York residents may already receive health insurance through an employer, or through the federal government. Several private insurance companies offer comprehensive packages to suit a number of individual needs for those who do not. Most private New York insurers offer health insurance in five tiers: Catastrophic, Bronze, Silver, Gold, and Platinum. It’s important to understand your specific health insurance needs before selecting an insurance company and a health insurance tier.
How to Apply for Health Insurance in New York
The open enrollment for 2023 health insurance plans in New York begins on November 1, 2022. Health insurance plans in New York are available to residents via both the federal exchange and through private insurance companies.
New York’s health insurance industry is heavily regulated and, unlike other states, insurers are unable to use personal information, such as age or smoking habits, to calculate premiums. The area in which you live is the only factor that determines how much you’ll pay for health insurance in New York.
Health Insurance Carriers In New York
There are many private insurance companies that offer health insurance that are available on the state exchange, such as:
- Capital District Physicians’ Health Plan
- Emblem (Health Insurance Plan of Greater New York)
- Excellus Health Plan
- Fidelis
- Healthfirst PHSP
- Health Plus HP
- Highmark Western and Northeastern New York
- Independent Health Benefits Corporation
- Metro Plus Health Plan
- MVP Health Plan
- Oscar
- UnitedHealthcare of New York
New York Health Insurance Costs Overview
As 2023 data is not yet available, we have used statistics from 2022 to reflect costs so you can have an idea of what to expect. Current data shows that 2023 premiums will rise by 4 percent for a 27-year-old for a silver benchmark marketplace plan sold through HealthCare.gov.
How Much Does Health Insurance Cost in New York?
How much health insurance will cost for you depends on a number of factors, including the tier of insurance you purchase and where you live in the state of New York. The average cost of health insurance in New York is $592 monthly for one person.
What is the Cheapest Health Insurance Plan in New York?
The cost of health insurance plans in New York depends on their tier, and your needs. Contact us today to find the best health insurance for you!
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Cheapest New York Health Insurance Coverage by Metal Tier
As 2023 data is not yet available, we have used statistics from 2022 to reflect costs so you can have an idea of what to expect. Current data shows that 2023 premiums will rise by 4 percent for a 27-year-old for a silver benchmark marketplace plan sold through HealthCare.gov.
Note that all costs are 2022 pricing from KFF. (source)
Gold Plans
The average lowest cost premium of a Gold Plan in New York in 2022 was $724.
Silver Plans
The average lowest cost premium of a Silver Plan in New York in 2022 was $569.
Bronze Plans
For a Bronze plan, the average lowest premium in 2022 was $429.
Other Types of New York Health Insurance Coverage
Catastrophic Health Insurance in New York
Catastrophic health insurance plans are only available for New York residents under 30 years of age, or those who can get an exemption due to hardship.
Short Term Health Insurance in New York
New York State has outlawed short-term health insurance plans, as they don’t cover essential health benefits and don’t include guaranteed renewals.
Low Income Health Insurance in New York
New York residents can enroll in The Essential Plan, which arose from a section of the Affordable Care Act designed to help individual states facilitate health insurance options for low-income residents, called Basic Health Programs.
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Marketplace Average Benchmark Premiums, KFF, accessed 08/16/2022, https://www.kff.org/health-reform/state-indicator/marketplace-average-benchmark-premiums/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Location%22,%22sort%22:%22asc%22%7D
Average Marketplace Premiums by Metal Tier, 2018-2022, KFF, accessed 08/16/2022, https://www.kff.org/health-reform/state-indicator/average-marketplace-premiums-by-metal-tier/?currentTimeframe=0&sortModel=%7B%22colId%22:%22Average%20Lowest-Cost%20Bronze%20Premium__2022%22,%22sort%22:%22desc%22%7D