Key Findings. We analyzed data from a federal survey of private employers to explore cost trends of employer-sponsored health insurance in New York State. Key findings include: (1) Insurance premiums in New York State are among the highest in the nation. In 2016, New York had the third-highest average family premium cost in the nation ($19,375) and fifth-highest single premium ($6,614). (2) New York premiums have been volatile since the passage of the Affordable Care Act. Employer-sponsored family premiums declined slightly between 2013 and 2014, spiked 12.8% between 2014 and 2015, and declined again between 2015 and 2016. This is in contrast to national premiums, which increased incrementally each year. (3) Premiums have grown more than twice as fast as median household income from 2008 through 2016. (4) New York employers tend to make a slightly larger (about 2% on average) contribution to the premium relative to employers across the nation. (5) Employees in New York with employer-based plans are less likely to have any deductible relative to the rest of the nation, but the percentage of employees with deductibles has increased sharply in recent years. (6) Deductibles in New York were lower than the national average until 2016, when average single deductibles in the State grew from $1,317 to $1,789 in one year. Average family deductibles also rose substantially, from $2,574 to $3,099 between 2015 and 2016.
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