New Hampshire Health Insurance

Last Updated on September 22, 2020 by Andrew Lee

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New Hampshire residents who participated in the 2017 health insurance open enrolment have seen some of the most affordable plans in the nation this year. They have to thank the rate increases far lower than the national average for this. As a resident of The Live Free or Die State, you’ll also find yourself grateful for the considerable decrease in uninsured rating, aside from several other factors. Of course, there are several unfavorable changes too, and it’s crucial you learn as much as you can about them in order to make the right choice when obtaining coverage.

The state’s performance, health-wise

New Hampshire continues to prove that its people lead healthy lives. And the 2015 State Health System Performance of The Commonwealth Fund backs this up. In the study, it ranked 5th of 51. Here’s a quick rundown of some of the study’s key findings:

  • Mortality amenable to healthcare: 58 out of 100,000 people
  • Breast cancer fatalities: 19.8 out of 100,000 women
  • Colorectal cancer fatalities: 12.8 out of 100,000 individuals
  • Percentage of adult smokers: 17%
  • Adult obesity: 27%
  • Obesity in children aged 10-17: 26%

The organization also compared some of its findings of the state’s access to health insurance with that of the nation. Below are just a few of them:

  • 13% of adults (19 to 64 years old) don’t have insurance, compared with the national average of 15%
  • 5% of children (infants to 18 years old) are uninsured, as opposed to the countrywide average of 6%
  • 11% of the adult population chose not to obtain insurance due to the high costs associated with it (the same with the US average)
  • 12% of adults had expensive out-of-pocket medical bills, 2% higher than the national average of 16%

Available coverage types

In the state exchange, you can select from four different types of coverages, collectively known as the metal tiers. Each plan offers a percentage of medical and hospital bill coverage. You can rest assured though that your provider will shoulder a portion bigger than your out-of-pocket expenses.

Bronze – 60%

Silver – 70%

Gold – 80%

Platinum – 90%

To aid NH consumers set reasonable expectations, the United States Department of Health & Human Services released the following premium average projections this year:

  • Average lowest-cost, monthly premium within metal level: $348
  • The average net premium for the lowest-cost plan within the metal tier: $178
  • Second-lowest silver before advance premium tax credit (for a 27-year old with a $25,000 household income): $219
  • Second-lowest silver after advance premium tax credit (for a 27-year old with a $25,000 household income): $142
  • Second-lowest silver before advance premium tax credit (for a family of four with a $60,000 household income): $792
  • Second-lowest silver before advance premium tax credit (for a family of four with a $60,000 household income): $405
  • As low as 1.35% rate increase

In many parts of the country, the average rate increase was 30%. Some had no choice but to agree with higher than 50%. A lot of NH residents, on the other hand, only saw an increase of as low as 1.35%. This hike applies to some of the state’s exchange plan holders. Even if you don’t belong in this group of people, you can still benefit from it as someone who owns a private insurance policy. If NH continues to improve its uninsured rating and even its health ratings, it can further increase the already-high number of insured individuals.