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← NEW HAMPSHIRE INDIVIDUAL HEALTH PLAN BENEFIT ASSOCIATION

Form 990 for tax year 2025

Filed by NEW HAMPSHIRE INDIVIDUAL HEALTH PLAN BENEFIT ASSOCIATION.

Totals

Total revenue
$65,745,175
Total expenses
$65,745,175
Contributions and grants received
$28,035,719
Grants paid
$42,326,115
Program service revenue
$37,042,642
Investment income
$666,814
Other revenue
$0
Total assets, end of year
$29,706,883
Total liabilities, end of year
$29,706,883
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$65,441,553
Management and general expenses
$303,622
Fundraising expenses
$0
Program service expenses (Part III)
$65,441,553

Program services were 99.5% 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)

    $28,035,719

  • 2a · Program service revenue: Member Assessments

    total $37,042,642 · related or exempt $37,042,642

  • 3 · Investment income

    total $666,814 · excluded $666,814

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,326,115 · program services $42,326,115

  • 11a · Fees: management

    total $460,898 · program services $246,250 · management and general $214,648

  • 11b · Fees: legal

    total $29,123 · management and general $29,123

  • 11c · Fees: accounting

    total $48,330 · management and general $48,330

  • 11g · Fees: other

    total $70,467 · program services $70,467

  • 12 · Advertising and promotion

    total $961 · management and general $961

  • 13 · Office expenses

    total $522 · management and general $522

  • 14 · Information technology

    total $10,957 · program services $10,957

  • 23 · Insurance

    total $10,038 · management and general $10,038

  • 24a · Other expenses: Remittance to NH Health

    total $22,787,764 · program services $22,787,764

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,381,560 · end of year $15,045,028

  • 4 · Accounts receivable

    beginning of year $9,617,640 · end of year $10,770,116

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,200 · end of year $457,060

  • 11 · Investments: publicly traded securities

    beginning of year $3,301,627 · end of year $3,434,679

  • 17 · Accounts payable and accrued expenses

    beginning of year $354,782 · end of year $82,998

  • 19 · Deferred revenue

    beginning of year $23,955,245 · end of year $29,623,885

Mission and programs · 2025

Mission

See Schedule O 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 primary 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 of an expense-incurred basis, all health maintenance organizations, health service corporations and third party administrators licensed in the State of New Hampshire, and all entities providing group excess loss insurance to an employer with a principal place of business in the State or which covers lives in the State.

  • The Association collects assessments from its members on behalf of the State of New Hampshire to support its current Medicaid Expansion Program, 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 $22,878,450 · Revenue $26,511,389

  • 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 $42,563,103 · Grants $42,326,115 · Revenue $10,531,253

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Kennedy

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Skouteris

    Vice-Chair

    Total calculated
    $0
    Hours/week
    1

  • Martha McLeod

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Bruce King

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Gregg Daly

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brenda Golden Hallisey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jon Hendrickson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elaine Koskela

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tu Nguyen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Trudo

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michelle Heaton

    Past Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bradley Long

    Past Board Member

    Total calculated
    $0
    Hours/week
    1

  • J Michael Degnan

    Exective Director

    Total calculated
    $0
    Hours/week
    15

  • Andrew Luce

    Chief Financial Officer

    Total calculated
    $0
    Hours/week
    10

  • Mark McCue

    Assistant Secretary

    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
2025
Filed
25 June 2026
IRS schema version
2025v4.2
Source object
202611809349300541

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