Other

By

NYSHealth

Funding Area

Other

Date

March 20, 2018

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This NYSHealth-produced data snapshot looks at costs related to employer-sponsored insurance within New York State.

The majority of New Yorkers receive health insurance through their employer, but that does not shield them from price increases. Premiums for employer-sponsored insurance in New York are among the highest in the nation—the average premium for a family plan in New York ($19,375 in 2016) ranks third behind only Alaska and Wyoming. Employer-sponsored premiums for an average family plan in New York increased 51.1% from 2008 through 2016, rising more than twice as fast as median income.

$ 19.4 k The average premium for a family plan in New York in 2016.
3 rd Premiums for employer-sponsored insurance in New York are the third highest in the nation.

This snapshot uses data from a federally-sponsored survey of employers to examine trends in New York’s employer-sponsored insurance market. In addition to tracking premium cost growth over time, this snapshot highlights other factors related to employer-sponsored insurance costs, such as the proportion of the premium paid by the employer and the average plan deductible. As employers look for ways to control health care costs, the number of employer-sponsored plans that require a deductible have increased, and the deductible amount has risen as well.

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