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EIN 02-0499340

Benefit Association

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Concord
State
New Hampshire
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Benefit Association supports New Hampshire's individual health plan programs by collecting assessments from members on behalf of the state. It also provides funding for the state's reinsurance and Medicaid expansion programs, now known as the Granite Advantage Health Care Program. The funds collected are used as required by state law. The association is located in Concord, NH.
Also known as...
New Hampshire Individual Health Plan Benefit Association
Total revenues
$63,129,062
2023
Total expenses
$63,140,745
2023
Total assets
$22,694,901
2023
Num. employees
0
2023

Program areas at Benefit Association

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.
The Association collects assessments from its members on behalf 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.

Grants made by Benefit Association

GranteeGrant descriptionAmount
Harvard Pilgrim Health CareNH Reinsurance Program$9,920,074

Personnel at Benefit Association

NameTitleCompensation
Martha McLeodRepresentative Secretary$0
Mark McCue, Esq.Secretary$0
Bruce KingTreasurer$0
Christopher KennedyChair$0
Lisa GuertinFormer Vice / Vice - Chair / Director and Com$0
...and 3 more key personnel

Financials for Benefit Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$26,565,613
Program services$35,803,750
Investment income and dividends$635,001
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$124,698
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$63,129,062

Form 990s for Benefit Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-26990View PDF
2022-122023-11-03990View PDF
2021-122022-06-23990View PDF
2020-122021-08-16990View PDF
2016-122017-10-18990OView PDF
...and 6 more Form 990s
Data update history
October 23, 2024
Used new vendors
Identified 1 new vendor, including
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 26, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companies
Issues
Health
Characteristics
MembershipsState / local levelReceives government fundingNo full-time employees
General information
Address
1 Pillsbury St 200
Concord, NH 03301
County
Merrimack County, NH
Website URL
nhhp.org/ 
Phone
(603) 225-6633
IRS details
EIN
02-0499340
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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