Nonprofit Looking To Form Insurance Pool To Aid New Hampshire Small Businesses

In what could be a fast growing trend across the nation, the Purchasing Alliance of New Hampshire (a nonprofit formed by the Claremont Chamber of Commerce) is looking to reduce the costs of health insurance to small businesses by selling insurance to its members at a reduced rate gained through the formation of an insurance pool. If successful, this proactive attempt to form an insurance pool may develop an avenue for small businesses to curb rising health insurance costs without having to rely on the federal government's passage of AHP's.

The Purchasing Alliance of New Hampshire hopes to have 10,000 members as part of its alliance. They hope that an association with these numbers will allow them to obtain quantity discounts when purchasing health insurance. The Alliance is still in the early stages of research and planning but they hope to have the ability to write policies by May (they applied to the state fir a license to sell insurance in mid-November).

The story is from The Eagle Times, Claremont, New Hampshire (12/31/04).