Buying a short-term plan in New Hampshire
- Short-term plans are limited to six months and cannot be renewed.
- Consumers can’t buy a short-term plan if they’ve had more than 540 days of short-term coverage in the past 24 months.
- At least two insurers offer short-term plans in New Hampshire.
New Hampshire has its own short-term regulations
New Hampshire has its own regulations pertaining to short-term health insurance. Until October 2, 2018, federal regulations limited short-term plans to no more than three months in duration, and prohibited renewals. But the Trump Administration has changed the rules, allowing much longer durations for short-term plans. If states have their own restrictions, however, the state rules apply instead.
Short-term plan terms are limited to six months
Short-term plan terms can’t last more than six months in New Hampshire, and cannot be renewed. Enrollees are allowed to apply for a new short-term plan that can take effect after the first plan ends, but it has to be a new, separate plan, with a new deductible and out-of-pocket exposure.
But a short-term plan cannot be issued to anyone who has had more than 540 days of short-term coverage in the past 24 months. So a person can’t have more than a year and a half of short-term coverage in a given two-year period.
This effectively prevents people from stringing together multiple short-term policies, back-to-back, in place of an ACA-compliant plan (effectively, you can have up to three short-term plans, and then you’d have to take a break from short-term coverage for at least a year before you could buy another short-term plan.
Here’s the wording of New Hampshire’s regulation:
“Nonrenewable, individual health insurance policies which provide medical, hospital, or major medical expense benefits for a specified term may be delivered or issued for delivery to any person in this state for purposes of providing short-term, interim coverage only and no such policy shall provide coverage for a specified term in excess of 6 months, nor shall any such policy be issued in this state to a person who was previously covered under short-term medical policies providing in total more than 540 days of coverage within the preceding 24-month period.”
The Trump Administration’s new rules for short-term plans are clear in stating that states may continue to impose tighter regulations than the new federal rules. So short-term plans in New Hampshire will continue to have maximum terms of six months and be nonrenewable.
Which insurers offer short-term plans in New Hampshire?
- Everest Prime
SERFF filing data indicate that HCC Life Insurance discontinued their short-term plans in 2017. Companion Life and Independence American Insurance Company both filed plans that were rejected by state regulators.
Louise Norris is an individual health insurance broker who has been writing about health insurance and health reform since 2006. She has written dozens of opinions and educational pieces about the Affordable Care Act for healthinsurance.org. Her state health exchange updates are regularly cited by media who cover health reform and by other health insurance experts.