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Understanding Financial Assistance and the Affordable Care Act at Concord Hospital

Call (603) 227-7101 if you have questions or would like to request more information on Concord Hospital’s Financial Assistance Program or Uninsured Discount Program.

What is the Affordable Care Act or Obamacare?

The Affordable Care Act (ACA) (also known as Obamacare) requires most U.S. citizens and legal residents to have health insurance as of January 1, 2014. The ACA creates Health Insurance Marketplaces (also known as Exchanges) where the uninsured are able to shop for coverage if they need to buy health insurance on their own. Premium and cost sharing assistance is available through the Marketplace to reduce the cost of coverage for individuals and families, based on their income. Enrollment in the Marketplace began October 1, 2013 and extends through March 31, 2014.

I am currently on Concord Hospital’s Financial Assistance or Uninsured Discount program. When the ACA goes into effect on Jan. 1, 2014 will I be able to continue to receive services from Concord Hospital?

Concord Hospital will allow current Financial Assistance and Uninsured Discount Program enrollees the option of continuing to be on the program through the end of 2014. Concord Hospital will only be granting Financial Assistance for new patients who live in our service area.* Exceptions will be considered for patients in need of specialty care such as cardiac, cancer and urology services. Patients on the Uninsured Discount Program will continue to be eligible for a 40% uninsured discount. Uninsured patients unable to pay for their healthcare expenses are encouraged to complete a Financial Assistance Program application. You may request a Financial Assistance Application from a registration staff member or by calling (603) 227-7101.

* Concord Hospital Service Area includes Allenstown, Andover, Antrim, Barnstead, Bennington, Boscawen, Bow, Bradford, Canterbury, Chichester, Concord, Deering, Dunbarton, Epsom, Henniker, Hillsboro, Hopkinton, Loudon, Northfield, Northwood, Pembroke, Pittsfield, Salisbury, Warner, Washington, Weare, Webster, Windsor.

Why is Concord Hospital continuing to offer Financial Assistance and an Uninsured Discount Program in 2014 when all individuals are required to have some form of insurance?

In 2014, Anthem is currently the only insurance company offering a plan on the NH Health Insurance Marketplace and Concord Hospital is not an approved network provider for the Anthem insurance plan. At this time, Concord Hospital recognizes that our out-of-network status may create a significant financial burden and obstacle to obtaining necessary preventive and primary care for the uninsured population in our community. We do expect to participate in the Health Insurance Marketplace in 2015 when insurance providers offer a plan that is viable to both parties.

Do I need to apply for the new insurance plans offered as part of the Affordable Care Act? 

Concord Hospital encourages all uninsured patients to explore new insurance coverage options available under the Affordable Care Act. More information regarding the Affordable Care Act can be found at the federal government’s official Health Insurance Marketplace website at www.healthcare.gov or by calling Health and Human Services at (800) 318-2596.

Will I be subject to tax penalties if I choose to stay on Concord Hospital’s Financial Assistance program?  

Yes, most U.S. citizens are required to have health insurance (known as minimum essential coverage) as of Jan 1, 2014. If an individual chooses to not obtain health insurance, they will be liable for a tax penalty. Concord Hospital’s Financial Assistance Program is not health insurance coverage and does not meet the requirements of “minimum essential coverage” as defined in the Affordable Care Act.  

What is the tax penalty in 2014 for not having minimum essential insurance coverage?

In 2014, the penalty will be the greater of 1.0% of taxable income or $95 per adult and $47.50 per child (up to $285 per family). There are some exemptions to the tax penalty. Further information can be found at www.healthcare.gov or at www.irs.gov/uac/Questions-and-Answers-on-the-Individual-Shared-Responsibility-Provision.

Related Video

In 2012, we provided $14,531,584 million in financial assistance to people who lacked the ability to pay for needed care.

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Financial Assistance

  • Understanding Financial Assistance and the Affordable Care Act at Concord Hospital