NY Healthcare: Access & the Health Care for All Act
New York residents brace for a potential financial hit: health insurance premiums could surge by an average of 13% in 2026. This increase, if approved, would add $1,291 annually to healthcare costs for individuals across the state, compounding prior hikes adn exacerbating concerns about healthcare accessibility. With increases proposed between 1% and a staggering 38% depending on the insurer, the Health Care for All Act is more crucial than ever. The public comment period is open until July 1 – now is the time for New Yorkers to make their voices heard and submit feedback on these significant health insurance premium changes. At News Directory 3,we are watching the situation play out. discover what’s next in how this potential health insurance premium crisis will impact you.
New York Health Insurance Premiums Could Increase by 13% in 2026
Updated june 4, 2025
New York residents could face considerably higher health insurance costs in 2026. Insurance carriers in the state’s individual market are seeking approval from the Department of Financial Services for an average 13% premium increase. The potential hike in health insurance premiums would translate to an average of $1,291 more per year, or $108 each month, for New Yorkers.
A 13% increase in health insurance premiums would compound similar increases of 13% in 2025 and 12% in 2024. Consumer advocates fear that such increases in health insurance premiums will make health care even less accessible for many state residents. Notably, the proposed premium increases outpace wage growth in New York, which ranged from 0.4% to 4.6% across the state’s counties in 2024.
The impact on individual consumers could vary widely. Depending on the insurance carrier, premium increases could range from 1% to as high as 38% in 2026. Such increases in health insurance premiums could strain household budgets, leaving less money for essential expenses like groceries, transportation, and housing.
New Yorkers have an opportunity to voice their concerns. The state is accepting public comments on the proposed premium increases until July 1. Residents can share their stories and explain how higher premiums would affect their budgets and families.
To submit a public comment, visit the Department of Financial Services website. Residents are encouraged to share their personal experiences and concerns about health care affordability.
What’s next
The Department of Financial Services will review the proposed rate increases and public comments before making a decision.New Yorkers are urged to participate in the public comment process to ensure their voices are heard.