5 Things You Need to Know About New Hampshire Health Insurance
New Hampshire residents have several choices when it comes to health insurance coverage. In this article, we will explore five essential facts that you need to know about New Hampshire health insurance.
1. The Affordable Care Act
The Affordable Care Act, also known as Obamacare, allows individuals and families to purchase health insurance through the Health Insurance Marketplace. New Hampshire residents can access the Marketplace through the website healthcare.gov. By using the Marketplace, residents may qualify for premium tax credits and cost-sharing reductions based on their income.
2. Small Business Health Options Program (SHOP)
Small Business Health Options Program (SHOP) is designed for small businesses with fifty or fewer full-time employees. The program allows small businesses to offer their employees a choice of health insurance plans. Employers can choose to pay a fixed amount or a percentage of the premium, and employees can choose from different plans offered by different insurance companies.
3. Medicaid Expansion
New Hampshire expanded its Medicaid program under the Affordable Care Act. The expansion allows individuals who earn up to 138% of the federal poverty level to be eligible for Medicaid. This expansion has provided healthcare coverage to over sixty-five thousand people who were previously uninsured.
4. Medicare Coverage
If you are sixty-five years or older, you may be eligible for Medicare. Medicare is a federal health insurance program that covers hospital stays, doctor visits, and other medical services. However, many services such as vision, dental, and prescription drugs are not covered under Traditional Medicare. There are additional plans that can be purchased to cover these services.
5. Health Insurance Providers
New Hampshire offers several health insurance providers that offer individual and group coverage. Each provider offers different plans with different levels of coverage. It is important to research different providers and plans to find the coverage that best fits your needs and budget.
In conclusion, understanding the various options available for New Hampshire health insurance is essential for securing quality coverage for individuals and families alike. It is crucial to keep in mind that navigating the complexities of health insurance can be challenging for anyone, which is why it is important to seek professional advice and guidance when making important healthcare decisions.
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)