The New Hampshire Insurance Department cautions those with individual coverage that some will experience steep rate increases for 2018.

“… the 24,000 residents who don’t qualify for a federal subsidy or who buy a plan outside HealthCare.gov will see an average increase of 52 percent… Rates in 2018 saw such a dramatic increase because of rising medical and pharmaceutical costs, instability in Washington, and the federal government’s decision to eliminate key funding to insurance companies,” said Commissioner Sevigny.

People who currently have a policy will receive a renewal letter from their insurance company. To find a more accurate estimate of what they will pay in monthly premium, consumers should use the plan preview tool on HealthCare.gov. Residents can enter basic information about their household, and the tool will provide premium estimates and 2018 plan information. Consumers will need to return to the website during the open enrollment period to enroll in a plan.

Individuals may contact NEEBCo for assistance in navigating their options for the upcoming individual open enrollment. Refer to the below for the full press release.

NHID Individual Open Enrollment Release