NH Insurance Department announces 2024 open enrollment for affordable healthcare

CONCORD — The New Hampshire Insurance Department kicked off the Open Enrollment Period for Granite Staters who are seeking individual health coverage on the Affordable Care Act Individual Marketplace. The Open Enrollment Period runs through Sunday, Jan. 15, 2024.

“This is a significant opportunity for Granite Staters who do not have health insurance through their employer, Medicare, or Medicaid to enroll in the Individual Marketplace,” said New Hampshire Insurance Commissioner DJ Bettencourt.  

NHID bases its market premium calculations on the Second Lowest Cost Silver Plan for a 40-year-old male non-smoker. In 2023, the SLCSP premium rate was $322.70, and for 2024, it will be $335.44, representing a 3.95% increase from the previous year, in line with the national inflation rate. Despite the increase, overall premiums remain the lowest among the New England states.

The premium rate can be attributed in part to overall market trends, and in part to the approval of the Department’s Section 1332 Waiver designed to lower rates in the individual market and to provide market stability in the future.

“Granite Staters will continue to enjoy the lowest health care costs in New England,” said Bettencourt. “As a result of rising inflation, families across New Hampshire are trying to make their dollars stretch further. New Hampshire’s rate changes remain relatively consistent from previous years, while factoring in the challenges currently facing our national economy.”

All three insurance companies currently in New Hampshire’s marketplace will return to offer individual plans: Anthem, Ambetter from NH Healthy Families, and Harvard Pilgrim Health Care. Premiums will vary by plan, based on the included benefit design. Premium subsidies have been bolstered by a three-year extension (2023-2025) of the ARPA eligibility enhancement by the passage of the Inflation Reduction Act.

To see coverage options and enroll, visit healthcare.gov.