Tag Archives: affordable health insurance

Premium Increases on Plans Have Slowed, But Employees’ Are Paying More

In New York, premiums for employer-sponsored family plans have slowed since the passage of the Affordable Care Act, but premiums and deductibles now eat up a larger share of employees’ incomes, according to a Commonwealth Fund report released Thursday.

Premiums for family coverage in the state grew 6% annually from 2010 to 2013, down from 7% in the seven years preceding the law. The average premium for a family, including an employer’s share, was $17,530 in 2013—an 86% increase from a decade earlier. New York data from the report are online here.

For single plans in New York, the annual growth rate of premiums rose slightly after the ACA’s passage, to 5.7% from 2010 to 2013, versus 5.5% from 2003 to 2010.

To read more, click here.

Jeffrey R. Ungvary President

Jeffrey R. Ungvary

Over Two Thousand Enrolled in New York State Exchange

The Syracuse (NY) Post-Standard (12/23) reports that the New York State Health Department announced Monday that 225,244 people have enrolled in coverage through the state health insurance exchange since Nov. 15. The figure “represents individuals who signed up and had not been enrolled in coverage for 2014.”

The New York Daily News (12/23) reports in its “Daily Politics” blog that Donna Frescatore, executive director of the exchange, said, “Thanks to the incredibly strong commitment of our partners, staff, and consumers across the state, we are very pleased to announce that enrollment for New Yorkers in quality affordable health insurance plans continues to increase steadily,” adding, “We will continue to build on this success and boost our grassroots efforts to reach as many New Yorkers as possible in our drive to get them covered before February 15.”

The Albany (NY) Times Union (12/23) and Buffalo (NY) Business First (12/23, Drury, Subscription Publication) also report the story.

Jeffrey R. Ungvary President

Jeffrey R. Ungvary