Curious about health insurance in the Granite State? According to a study by US News, New Hampshire has the 13th best health care in the nation. That study considers quality of care, access, and overall public health.
According to the New Hampshire Insurance Department, there are several ways for residents to access health care in their state:
Where do most New Hampshire residents get their health insurance coverage?
|Individual or family||6%|
|Other Public Care||2%|
|Source: Kaiser Family Foundation, Health Insurance Coverage of the Total Population|
On average, NH residents spend $9,589 per year on health care, more than the national average. That could be a setback for policyholders. A high amount of uninsured people can raise costs for insured people.
According to the CDC, a high body mass makes you more likely to suffer from serious health conditions. Insurance companies will analyze your BMI to determine your risk-level. A high BMI leads to high insurance rates.
In 2016, NH had a 28.1 percent obesity rate, the 38th highest rate in the country. Of the many state residents using QuoteWizard to compare health insurance plans, 30 percent have a BMI in the obese range.
Smokers pay more for health care because of the substantial risks from tobacco use. About 18 percent of NH residents are smokers, the 30th lowest rate in the country.
Health care costs up to three times more for older people than for younger people. State residents who used QuoteWizard to shop for health insurance are, on average, 39 years old.
More health care coverage will cost you more in monthly premiums. Marketplace plans come in metal tiers: bronze, silver, gold, and platinum.
How much does health insurance cost in NH? These are the average monthly premiums for a middle-aged state resident for each plan type in 2019:
|Source: Kaiser Family Foundation, Change in Average Marketplace Premiums by Metal Tier|
Gold plans cost about 34 percent more than a bronze plan. That’s not a surprise, as a gold plan covers 80 percent of costs, whereas bronze plans cover 60 percent of costs.
NH residents may also qualify for a catastrophic plan, the lowest level of coverage available. Catastrophic plans have low monthly premiums but a high yearly deductible of $7,150. Because of that high deductible, it may be worth it to invest in a bronze or silver plan. You’ll save money if you actually use your health insurance.
Your location plays a large role in your health insurance costs. Especially because every state has different health care laws, regulations, and insurers.
Also, health insurance rates are community-rated. Rates are based in part on the combined claims everyone files. If your state files a high number of rates, your prices could skyrocket.
That’s why New Hampshire’s overall health-consciousness impacts your premiums. According to America’s Health Rankings, NH is the eighth healthiest state in the country. That’s a good sign for policyholders.
NH residents have several options for health care providers. These companies offer both individual and family plans in your state:
The Affordable Care Act prevents insurance companies from charging you more for certain factors.
There’s a limit to how much you’ll pay out-of-pocket per year with a marketplace plan. In 2018, the out-of-pocket maximum is $7,350 for an individual plan and $14,700 for a family plan.
NH state law requires providers to offer at least some coverage for the following services:
There are additional services that companies need to offer coverage for. Find the full list on cms.gov.
Medicare and Medicaid are both government-funded health care programs. They cater to two different groups. Medicare covers seniors, whereas Medicaid covers low-income families and children.
NH seniors 65 and older with affordable health care qualify for Medicare. There are several options within the program, including parts A, B, C, D, and supplemental coverage plans. You may also qualify for one of these Medicare Savings Programs:
Medicaid aids low-income families and children. These are the state’s Medicaid financial requirements:
|Household Size||Maximum Yearly Income|
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