Skip to content
Nonprofiteer
← NEW HAMPSHIRE INDIVIDUAL HEALTH PLAN BENEFIT ASSOCIATION

Form 990 for tax year 2022

Filed by NEW HAMPSHIRE INDIVIDUAL HEALTH PLAN BENEFIT ASSOCIATION.

Totals

Total revenue
$66,352,457
Total expenses
$66,330,962
Contributions and grants received
$31,544,102
Grants paid
$45,030,249
Program service revenue
$34,657,695
Investment income
$150,660
Other revenue
$0
Total assets, end of year
$24,479,679
Total liabilities, end of year
$24,479,679
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$66,057,585
Management and general expenses
$273,377
Fundraising expenses
$0
Program service expenses (Part III)
$66,057,585

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $31,544,102

  • 2a · Program service revenue: MEMBER ASSESSMENTS

    total $34,601,996 · related or exempt $34,601,996

  • 2b · Program service revenue: CLAIMS REFUNDS

    total $55,699 · related or exempt $55,699

  • 3 · Investment income

    total $150,660 · excluded $150,660

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,030,249 · program services $45,030,249

  • 11a · Fees: management

    total $408,930 · program services $222,465 · management and general $186,465

  • 11b · Fees: legal

    total $54,127 · management and general $54,127

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $59,420 · program services $59,420

  • 13 · Office expenses

    total $1,460 · management and general $1,460

  • 14 · Information technology

    total $8,000 · program services $8,000

  • 19 · Conferences, conventions and meetings

    total $1,000 · management and general $1,000

  • 23 · Insurance

    total $9,000 · management and general $9,000

  • 24a · Other expenses: STATE OF NH ASSESSMENT

    total $20,736,851 · program services $20,736,851

  • 24b · Other expenses: BANK FEES

    total $6,032 · management and general $6,032

  • 24c · Other expenses: PUBLIC INFORMATION

    total $600 · program services $600

  • 24d · Other expenses: TELEPHONE

    total $293 · management and general $293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $965,962 · end of year $751,224

  • 2 · Savings and temporary cash investments

    beginning of year $15,803,628 · end of year $8,191,253

  • 4 · Accounts receivable

    beginning of year $9,135,450 · end of year $8,135,928

  • 9 · Prepaid expenses and deferred charges

    beginning of year $726,891 · end of year $1,110,123

  • 12 · Investments: other securities

    end of year $6,291,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,576 · end of year $47,069

  • 19 · Deferred revenue

    beginning of year $26,574,355 · end of year $24,242,373

  • 25 · Other liabilities

    end of year $190,237

Mission and programs · 2022

Mission

THE ASSOCIATION WAS CREATED PURSUANT TO THE ORDER OF THE NEW HAMPSHIRE INSURANCE COMMISSIONER WITH THE PURPOSE OF SUPPORTING THE STATE'S INDIVIDUAL HEALTH PLAN PROGRAMS. THE PURPOSE OF THE ASSOCIATION IS TO PROTECT THE RESIDENTS OF NEW HAMPSHIRE WHO PARTICIPATE IN THE INDIVIDUAL HEALTH INSURANCE MARKET BY PROVIDING A MECHANISM TO EQUITABLY DISTRIBUTE THE EXCESS RISK ASSOCIATED WITH THIS MARKET. THE ASSOCIATION'S MEMBERSHIP CONSISTS, BY STATUTE, OF ALL INSURERS LICENSED TO TRANSACT HEALTH INSURANCE IN THE STATE OF NEW HAMPSHIRE THAT OFFER POLICIES FOR MAJOR MEDICAL COVERAGE ON AN EXPENSE-INCURRED BASIS AND ALL LICENSED HOSPITALS, MEDICAL SERVICE CORPORATIONS, OR OTHER ORGANIZERS, IF ANY, IN THE STATE THAT OFFER SUBSCRIBER CONTRACTS FOR MAJOR MEDICAL COVERAGE.

  • THE ASSOCIATION COLLECTS ASSESSMENTS FROM ITS MEMBERS ON BEHALF OF THE STATE OF NEW HAMPSHIRE TO SUPPORTS ITS CURRENT MEDICAID EXPANSION PROGRAM, NOW KNOWN AS THE GRANITE ADVANTAGE HEALTH CARE PROGRAM. THE FUNDS ARE THEN USED BY THE STATE AS REQUIRED BY STATUTE TO SUPPORT THE STATE'S EXPANSION OF MEDICAID SERVICES TO A BROADER SEGMENT OF THE UNDERSERVED POPULATION IN NEW HAMPSHIRE.

    Expenses $20,818,916 · Revenue $20,869,798

  • THE ASSOCIATION COLLECTS ASSESSMENTS FROM ITS MEMBERS ON BEHALF OF THE STATE OF NEW HAMPSHIRE TO SUPPORT ITS NEW HAMPSHIRE REINSURANCE PROGRAM, WHICH WAS ESTABLISHED AS A MECHANISM TO EQUITABLY DISTRIBUTE THE EXCESS RISK ASSOCIATED WITH THE INDIVIDUAL HEALTH INSURANCE MARKET AND TO SUPPORT THE AFFORDABILITY AND ACCESSIBILITY OF HEALTH INSURANCE IN NEW HAMPSHIRE'S INDIVIDUAL HEALTH INSURANCE MARKET. THE REINSURANCE PROGRAM REIMBURSES HEALTH PLAN ISSUERS WHO OFFER COMPREHENSIVE, MAJOR MEDICAL PLANS IN NEW HAMPSHIRE'S INDIVIDUAL MARKET THAT ARE PART OF A SINGLE-RISK POOL BASED ON A PERCENTAGE OF ANNUAL CLAIMS THAT ISSUERS INCUR FOR COVERAGE UNDER SUCH PLANS.

    Expenses $45,238,669 · Grants $45,030,249 · Revenue $13,732,200

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREGG DALY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID ELLIS

    FMR CHAIR/DI

    Total calculated
    $0
    Hours/week
    1

  • LISA GUERTIN

    FORMER VICE-

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE HEATON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER KENNEDY

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE KING

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY LONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTHA MCLEOD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • STEVE PHILLIPS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHRYN SKOUTERIS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID SKY

    FORMER DIREC

    Total calculated
    $0
    Hours/week
    1

  • DAVID TRUDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK MCCUE

    ASSISTANT SE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 August 2023
IRS schema version
2022v5.0
Source object
202313079349302841

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.