Overview
What is New Hampshire Individual Health Plan Benefit Association?
The New Hampshire Individual Health Plan Benefit Association is a nonprofit organization, established under the order of the New Hampshire Insurance Commissioner, aimed at supporting the state's individual health plan programs. Its primary mission is to protect New Hampshire residents in the individual health insurance market by providing a mechanism to evenly distribute excess risk associated with this market. The membership consists of all insurers licensed to transact health insurance in the state, offering major medical coverage on an expense-incurred basis, and licensed hospitals, medical service corporations, or other organizers that offer subscriber contracts for major medical coverage. The association collects assessments from its members and uses the funds to support New Hampshire's current Medicaid expansion program, known as the Granite Advantage Health Care Program. The state then utilizes these funds according to statute to broaden its Medicaid services to a larger underprivileged population.
Official website here: www.nhhp.org
Is New Hampshire Individual Health Plan Benefit Association legitimate?
New Hampshire Individual Health Plan Benefit Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. New Hampshire Individual Health Plan Benefit Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of New Hampshire Individual Health Plan Benefit Association?
The New Hampshire Individual Health Plan Benefit Association was established under the order of the New Hampshire Insurance Commissioner to support the state's individual health plan programs. Its primary purpose is to safeguard New Hampshire residents in the individual health insurance market by offering a fair mechanism to distribute the excess risk associated with this market. The association's membership comprises all insurers licensed to transact health insurance in New Hampshire with major medical coverage on an expense-incurred basis, as well as hospitals, medical service corporations, and other organizers offering subscriber contracts for major medical coverage. In essence, the New Hampshire Individual Health Plan Benefit Association aims to shield residents from the uncertainties of the individual health insurance market by establishing a mutually beneficial platform for risk distribution.
Official website here: www.nhhp.org
Who is the CEO of New Hampshire Individual Health Plan Benefit Association?
Christopher Kennedy is the Director of New Hampshire Individual Health Plan Benefit Association.
Official website here: www.nhhp.org
What is the revenue of New Hampshire Individual Health Plan Benefit Association?
New Hampshire Individual Health Plan Benefit Association's revenue in 2022 was $66,352,457.
Official website here: www.nhhp.org
Who are the executives of New Hampshire Individual Health Plan Benefit Association and what are their salaries?
- Gregg Daly (Director)
- David Ellis (Fmr Chair/Di) [Trustee/Director]
- Lisa Guertin (Former Vice-) [Trustee/Director]
- Michelle Heaton (Director)
- Christopher Kennedy (Chair) [Trustee/Director]
- Bruce King (Treasurer) [Trustee/Director]
- Bradley Long (Director)
- Martha Mcleod (Secretary) [Trustee/Director]
- Steve Phillips (Director)
- Kathryn Skouteris (Vice-Chair) [Trustee/Director]
- David Sky (Former Direc) [Trustee/Director]
- David Trudo (Director)
- Mark Mccue (Assistant Se)
Official website here: www.nhhp.org
Where can I find the form 990 for New Hampshire Individual Health Plan Benefit Association?
The New Hampshire Individual Health Plan Benefit Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nhhp.org
Learn more at the official website: www.nhhp.org
Mission Statement of New Hampshire Individual Health Plan Benefit Association
The New Hampshire Individual Health Plan Benefit Association, a vital organization established under the New Hampshire Insurance Commissioner's order, aims to safeguard the state's residents participating in the Individual Health Insurance Market. With a mission to equitably distribute the excess risk associated with this market, the Association protects New Hampshire's residents by offering a mechanism for sharing burdens among its members.
Comprised of all insurers licensed to transact health insurance in New Hampshire, as well as hospitals, medical service corporations, and other organizers offering major medical coverage on an expense-incurred basis, the Association's membership forms a broad alliance dedicated to supporting the state's Individual Health Plan Programs. By bringing together these entities, the Association ensures a stable and sustainable health insurance market for the residents of New Hampshire.
In essence, the New Hampshire Individual Health Plan Benefit Association acts as a shield, safeguarding the state's residents from the financial uncertainties that come with the Individual Health Insurance Market. Through its mission, the Association fosters a healthier and more resilient health insurance landscape for all New Hampshire citizens.
Impact
This information is meant to be a general summary of New Hampshire Individual Health Plan Benefit Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New Hampshire Individual Health Plan Benefit Association plays a crucial role in protecting 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 ensures that individuals have access to essential health coverage. Additionally, the association's support of the state's Medicaid expansion program, now known as the Granite Advantage Health Care Program, further extends healthcare services to a broader segment of the underserved population in New Hampshire. This impactful work helps to enhance the overall health and well-being of the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ASSESSMENTS
Revenue
$34,601,996
CLAIMS REFUNDS
Revenue
$55,699
Organization Details
Founding Year
1997
Phone
(603) 225-6633
Principal Officer
Christopher Kennedy
Main Address
1 PILLSBURY ST RM/STE 200, CONCORD, NH, 03301
Website
www.nhhp.org
NTEE Category
Code: Y20 - Mutual benefit
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