CONCORD, N.H. - New Hampshire Governor Maggie Hassan signed the health care expansion legislation into law on Thursday.
A press release says the legislation will allow New Hampshire to accept federal funds to expand access to health coverage to 50,000 residents.
“Our bipartisan health care expansion plan is a historic step forward for the health and financial well-being of Granite State families, businesses and communities,” Governor Hassan said. “It is a fiscally responsible, uniquely New Hampshire solution that will inject $2.5 billion in federal funds into our state’s economy and improve the lives of 50,000 hard-working people who deserve the security of health insurance."
The plan will help reduce levels of uncompensated care at hospital emergency rooms, encourage primary and preventative care, and provide coverage for substance abuse and mental health treatment.
A press release says for qualifying individuals who have access to private coverage through an employer will be able to enroll in employer-based coverage through the state's Health Insurance Premium Payment (HIPP) program. Other qualifying individuals will be able to signup for coverage through a private managed care company starting July 1, 2014.
Starting in 2016, eligible individuals who are not participating in HIPP will be moved to the state's federally facilitated health insurance marketplace to purchase private coverage. A press release says details are still being worked out and are dependent on securing federal waivers.