This month, Gov. Cuomo announced that health insurance plan rates that will be offered through New York’s Health Benefits Exchange have been approved. There was much made in the press about the individual market rates that will be offered in 2014 and how they are at least 50% lower than current rates.
Of course, those are not the same rates employers are paying on group coverage, nor has coverage ever been sorted so definitively into assigned tiers. So, as with understanding penalties, really evaluating the exchanges takes a little deeper review of the figures.
