New Hampshire Reinsurance

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In 2005, New Hampshire passed legislation (SC 125) establishing the New Hampshire Reinsurance Pool by January 1, 2006.  The legislation requires all health insurance carriers become members of the reinsurance pool.  The reinsurance pool board has developed a standard benefit package for small employers on which reinsurance premiums are based.  Any insurer may purchase reinsurance from the pool, with a $5,000 deductible per covered life.  The choice to reinsure is determined by individual carriers, but if pool expenses exceed premiums, all member carriers will be assessed proportionally on the number of lives they cover.