News

Carriers Confirm Exchange Participation

Posted 08.16.17

Due to volatility in the individual markets, insurance companies have been considering whether to continue to offer exchange coverage in New Hampshire and around the country.

As of today, Anthem and Ambetter have confirmed to the New Hampshire Insurance Department they will offer plans on the state’s exchange in 2018.

Harvard Pilgrim has not yet confirmed its plans.

Minuteman Health did announce in June that it would not offer exchange plans in 2018 as it is ceasing its functions as a co-op. However, Minuteman Health management is in the process of forming a new insurance company and hopes to be able to offer plans on New Hampshire’s exchange under the new company for 2018.

Last week, the federal government extended the rate-filing deadline from August 16 to September 5 for companies to file revised rates with the states for review. Companies may file rates with the assumption that the federal government will not offer reimbursements called “Cost Sharing Reduction payments” to the companies in 2018. While the Insurance Department is prohibited from releasing rate information prior to open enrollment (November 1), the federal government has made publicly available proposed rate increases of 10% or more on its rate review website.

Refer to the below press releases for additional information and contact your NEEBCo representative with any questions you may have.

NH Insurance Department – Anthem Exchange Participation
NH Insurance Department – Ambetter Exchange Participation

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