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Minuteman Health to withdraw from NH Obamacare market

State House Bureau

June 23. 2017 4:43PM

CONCORD — One of the four health insurance companies providing coverage in New Hampshire through the online exchange at plans to withdraw from the market, although it hopes to return with a different corporate structure.

Minuteman Health, a Massachusetts-based insurance co-op offering individual and small group health insurance plans in the state, announced Friday that it will stop writing business policies as of Jan. 1, 2018.

The company, which insures about 27,000 individual members and three dozen small group members in New Hampshire, began offering coverage in the state in 2015 on the online exchanges created by the Affordable Care Act, or Obamacare.

The company cited significant declines in its capital and surplus and will need to use its resources to pay claims incurred under existing policies.

New Hampshire residents who have health insurance through Minuteman Health can expect they will be covered through the end of 2017, according to New Hampshire Insurance Commissioner Roger Sevigny.

Policyholders will receive written notice within the next 60 days that their coverage will not be continued beyond Jan. 1, and of their right to choose a new plan for 2018 through Open enrollment runs from Nov. 1 to Dec. 15.

The Insurance Department has received an application from Minuteman Health’s leadership to form a new company that, if successful, would begin offering coverage in the state starting Jan. 1, 2018.

“We want consumers to know that we are committed to the mission of bringing affordable healthcare to the market,” said Minuteman CEO Tom Policelli. “Once established, Minuteman Insurance Company fully intends to offer coverage on and off exchange in both Massachusetts and New Hampshire. Our goal is seamless continuity for members.”

Anthem, Ambetter and Harvard-Pilgrim have indicated their intention to remain as insurance providers on the New Hampshire exchange for coverage in 2018.

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