New York Health Insurance Premiums to Rise 6% in 2027
New York marketplace enrollees will see average monthly cost increases starting next year.
Updated on Oct. 26, 2026 in Insurance
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New York state health insurance open enrollment begins November 1, 2026, as residents face a 6% average rise in marketplace premiums for 2027. Households should prepare for these increased costs as they evaluate their coverage options for the coming year.
Why it matters
Higher premiums and tighter eligibility rules for state-subsidized plans mean many New Yorkers may face significant changes to their out-of-pocket costs in 2027. State officials have acted to limit overall rate increases to help manage these shifts for marketplace participants.
Monthly premiums on the New York marketplace will rise by an average of 6% in 2027. This follows a period where subsidized plan premiums previously jumped by an average of $104 per month in 2026.
The players
New York State Marketplace
The state-run portal providing access to private health plans, Medicaid, and the Essential Plan.
The details
Premiums for marketplace plans are rising as federal subsidies expire and state-level eligibility for the lower-cost Essential Plan was restricted to individuals earning $32,000 or less as of July 2026. Because insurers originally requested a 20% rate hike, state regulators intervened to limit the average increase to 6% to prevent sticker shock for consumers. Residents can use the state marketplace's cost estimator tool to see how these changes impact their specific financial assistance eligibility.
Timeline
November 1, 2026: Open enrollment on the New York state marketplace begins.
January 31, 2027: Open enrollment on the New York state marketplace ends.
Money Landscape
The 2027 premium increases reflect a broader challenge in maintaining plan affordability as federal support wanes and medical debt grows nationally. This cycle sits within a period of rising healthcare costs, contrasting with previous years when subsidies more effectively dampened the impact for many households.
Review your current health plan details now to see how the 6% average premium increase affects your monthly budget starting in 2027. Use the state marketplace cost estimator tool to confirm your eligibility for financial assistance before the enrollment window closes on January 31.
The takeaway
Rising premiums underscore the importance of comparing plan options to find the most cost-effective coverage for your household budget. Consider speaking with a qualified insurance professional to understand how recent eligibility changes for the Essential Plan affect your specific status.
Further reading
Learn more about managing your coverage at Insurance.
Source note: This article includes information reported by Gothamist.
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