Mutual & Membership Benefit
New Hampshire Individual Health Plan Benefit Association
CONCORD, NH
Total revenue
$68.2M
Total expenses
$68.2M
Net assets
—
Grants received
—
EIN
020499340
Tax year
2024
Mission
See Schedule O The Association was created pursuant to the order of the New Hampshire Insurance Commissioner with the purpose of supporting the State's individual health plan programs. The primary purpose of the Association is to protect the residents of New Hampshire who participate in the individual health insurance market by providing a mechanism to equitably distribute the excess risk associated with this market. The Association's membership consists, by statute, of all insurers licensed to transact health insurance in the State of New Hampshire that offer policies for major medical coverage of an expense-incurred basis and all licensed hospitals, medical service corporations, or other organizers, if any, in the state that offer subscriber contacts for major medical coverage.
Programs
2 programs
The Association collects assessments from its members on behalf the State of New Hampshire to support its New Hampshire Reinsurance Program, which was established as a mechanism to equitably distribute the excess risk associated with the individual health insurance market and to support the affordability and accessibility of health insurance in New Hampshire's individual health insurance market. The reinsurance program reimburses health plan issuers who offer comprehensive, major medical plans in New Hampshire's individual market that are part of a single-risk pool based on a percentage of annual claims that issuers incur for coverage under such plans.
The Association collects assessments from its members on behalf of the State of New Hampshire to support the cost of the ground ambulance cost and actuarial study mandated by New Hampshire Senate Bill 407 (the "Ground Ambulance Study"). The Association is also responsible for overseeing the request for proposal (RFP) process and vendor contract for the Ground Ambulance Study, which evaluates adequacy of reimbursement rates for ground ambulance services in the State of New Hampshire.
Financials
FY 2024
Revenue
Expenses
People
13 listed
Christopher Kennedy
Chair
—
1 hrs/wk
Kathryn Skouteris
Vice-Chair
—
1 hrs/wk
Martha McLeod
Secretary
—
1 hrs/wk
Bruce King
Treasurer
—
1 hrs/wk
Gregg Daly
Board Member
—
1 hrs/wk
Michelle Heaton
Board Member
—
1 hrs/wk
Elaine Koskela
Board Member
—
1 hrs/wk
Bradley Long
Board Member
—
1 hrs/wk
Tu Nguyen
Board Member
—
1 hrs/wk
David Trudo
Board Member
—
1 hrs/wk
Mark McCue
Assistant Secretary
—
1 hrs/wk
J Michael Degnan
Executive Director
—
15 hrs/wk
Andrew Luce
Chief Financial Officer
—
10 hrs/wk
Independent contractors
Helms & Company
Management Company
Leif Associates
Actuarial Services
Public Consulting Group Inc
Application Renewal/Ongoing Reinsurance