New York Small Business Health Insurance

Small business owners in New York can find, compare, apply for, and enroll in group health insurance plans through SimplyInsured. Pricing varies by state, but is only dependent on the ages of employees and their dependents. Having pre-existing conditions such as high blood pressure or diabetes no longer impacts the cost of insurance for a specific individual. In order to be eligible for small group health insurance, you must have two people in the company including owners, at least one of which is a W-2 employee. You can apply for group health insurance any time during the year - you do not need to wait for an open enrollment period. The application process can be done online through SimplyInsured and can be completed in minutes.

Small business insurance in New York is pre-tax, which means the amount you spend on premiums is exempt from employer and employee taxes. This provides you a 30-40% tax benefit on the cost of insurance.

There are many plan options in New York. To determine the best plan for you, assess your budget and the health needs of your employees. If employees expect to utilize more care and need flexibility in the providers they see, PPOs may be preferable. These plans have wider doctor and hospital networks, and you do not need a referral to see specialists. If employees will seldom require care and do not have specific preferences for providers, HMOs with higher deductibles may be preferable. Generally, PPOs have higher premiums than HMOs. If you expect pregnancies and surgeries, check the plan details to see the cost of hospital visits. If your employees take prescription drugs, check the cost of both generic and brand drugs at the pharmacy.

SimplyInsured offers more than a hundred plans from top carriers in New York. As a top-producing broker, we have preferred status with several carriers, which ensures our clients' needs are met quickly and thoroughly. We take pride in our high customer satisfaction scores, and work to improve the customer experience everyday.

New York Market Overview

The New York small business health insurance market is a complex one. The New York market is split geographically into several regions, with certain insurance carriers only participating in certain parts of the state (such as upstate vs downstate). For a small business, knowing which insurance carriers offer coverage in the local region is key to finding the right health insurance plan.

To help make the process a bit easier, we've summarized the various options into a high level overview.

New York Health Insurance Carriers at a Glance

Carrier EPO/PPO Cost HMO Cost Available Statewide National Doctor Network Network Tiers # Hospitals Covered # Doctors Covered
$$$ N/A Yes Yes 3 185 65,000
$ N/A No (NYC Only) Yes 2 45 20,000
N/A $$ No (SE NY Only) No 1 74 12,000
Empire Pathway
$$ N/A No (SE NY Only) Yes 1 125 53,200
Oxford Freedom
$$ N/A No (SE NY Only) Yes 3 190 64,000
$$$ N/A No (Western NY Only) Yes 1 124 63,000

Below is more information about the health insurance market in New York, including statistics and descriptions of all major carriers.

New York Medical Insurance Statistics

No. of carriers available through SimplyInsured 11
No. of plans available through SimplyInsured 160
Average deductible $2,600
Average cost of doctor visit $100
Average cost of hospital stay $4,100
Average out of pocket maximum $5,500
Average employer contribution* $400
Average employee contribution* $650
* including dependents, for the last year, based on SimplyInsured data

Average Out of Pocket Maximum & Deductible for New York Group Medical Insurance Plans*

Monthly Premium Range Average Out of Pocket Maximum Average Deductible Percentage of All Plans
$0 - $300 - - -
$300 - $500 $6,700 $5,300 6%
$500 - $700 $6,200 $3,900 40%
$700+ $4,800 $1,300 54%
* Monthly premiums are calculated for one 30-year-old

Available New York Plans by Network Type

Network Type No. of Plans Available Median Monthly Premium
EPO 119 $694
HMO 14 $697
POS 5 $705
PPO 22 $975

Find Employer Group Health Insurance for Small Businesses in New York

New York Health Plans

Are you researching New York health insurance to find small business health insurance plans? Would you like to compare plans, premiums and other cost factors to provide coverage for your employees? SimplyInsured provides access to New York health insurance companies. See more information about New York Health Plans and get free, instant, online quotes.

New York Insurance Providers