New Hampshire Has Lowest Benchmark Premiums in Country
Concord, NH (STL.News) A study released last month by the Urban Institute and the Robert Wood Johnson Foundation shows that Affordable Care Act benchmark premium rates in New Hampshire are the lowest in the Country.
“New Hampshire now has the lowest benchmark premiums in America – great news for families across our state,” said Governor Chris Sununu. “We have worked hard to implement policies that lower costs for our families and this study is a clear sign that the steps New Hampshire has taken are already delivering results for our citizens.”
Benchmark premiums in New Hampshire have decreased for the second year in a row, down from $405 per month in 2020, to $333 per month in 2021 and $309 per month in 2022. For a comparison, the national average was $453 in 2020, $446 in 2021, and $438 in 2022. New Hampshire enjoyed the fifth-largest reduction in Affordable Care Act benchmark premium rates, 8.2 percent, from 2019-2022. The national average over that time period was a 2.2 percent reduction.
“Thanks to the Governor’s leadership and the hard work of the New Hampshire Department of Insurance, benchmark premiums in New Hampshire are the lowest in the country – a tremendous success,” said NHID Commissioner Christopher Nicolopoulos. “Never before has New Hampshire had better access to more increasingly-affordable health insurance options.”