Changes to New York's Essential Plan receive final approval
The
Gov.
Hochul announced the approval following a meeting Friday with Dr.
But around 450,000 people who gained coverage when income-eligibility requirements for the Essential Plan were expanded from 200% of the federal poverty level to 250% back in 2024 are expected to lose their insurance when the changes take effect
Those who lose coverage under the changes will be eligible to purchase insurance on the open market, though they would face monthly premiums and thousands of dollars in deductibles.
The news comes just months after
The state is expected to notify those affected by the changes by
Changes to the Essential Plan were first announced last year following the passage of the federal One Big Beautiful Bill Act, which included steep health-care cuts, including nearly
Proponents of the legislation, including President
The legislation also slashed
For years, those individuals — including green-card holders and those in the asylum process — were insured through the state's Medicaid program, but were switched over the federally-funded Essential Plan created through the Affordable Care Act. More than 700,000 lawfully present immigrants receive insurance through the Essential Plan.
In a bid to preserve insurance for as many as possible,
Hochul announced the full approval following a meeting with Oz, where the two discussed efforts to root out fraud in the state's more than
In a pair of statements released following the meeting, Hochul said the state remains committed to eliminating fraud, but emphasized that actions on the federal level jeopardize the health of New Yorkers.
"Even when



Medicaid cuts could add pressure to already-stressed psychiatric units
Singapore central bank to review inflation outlook in April as energy prices surge
Advisor News
- Guaranteed income streams help preserve assets later in retirement
- Economic pressures make boomerang living the new normal
- Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
- How to listen to what your client isn’t saying
- Strong underwriting: what it means for insurers and advisors
More Advisor NewsAnnuity News
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
- My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
More Annuity NewsHealth/Employee Benefits News
- Researchers from University of South Carolina Provide Details of New Studies and Findings in the Area of Opioids (Trends in Medicaid managed care benefits for opioid use disorder treatment, 2015-2019): Opioids
- State lawmakers push bill to stop insurance termination based on genetic tests
- CMS rule cracks down on ACA fraud and strengthens state control
- HHS Centers for Medicare & Medicaid Services Issues Notice for Medicare and Medicaid Programs; Quarterly Listing of Program Issuances-January Through March 2026
- Waco employees may see 7% hike for health coverage
Waco eyes 7% increase in employee health plan premiums, cut to GLP-1 coverage
More Health/Employee Benefits NewsLife Insurance News
- Pacific Life Launches New Flagship Variable Universal Life Insurance Product
- NAIFA launches “NAIFA Cares” initiative to help build long-term financial security for children
- The fiduciary standard for life insurance is here
- GenAI: Moving to the forefront of claims management
- 2025 Insurance Abstracts
More Life Insurance News