Affordable New Mexico Health Insurance Plans

No, New Mexico does not require residents to have health insurance. However, doctors say it is strongly recommended to have coverage to avoid high medical expenses in case of emergencies.

Qualified family health insurance plans in Mississippi typically cost:

The open enrollment period for ACA-compliant plans in New Mexico runs from November 1 to January 15. If you have a qualifying life event (such as marriage or job loss), you may be eligible for a special enrollment period outside of these dates.

New Mexico operates a state-based exchange. This marketplace allows residents to compare and purchase healthcare plans that meet Affordable Care Act (ACA) requirements.

New Mexico offers Medicaid for eligible residents with incomes up to 138% of the federal poverty level. Additionally, ACA plans purchased through AHiX may qualify for federal subsidies, helping lower the cost of premiums for those with qualifying incomes.

Understanding health plan costs helps you make informed choices. Here’s an overview of key terms you’ll encounter:

• Deductible: The amount you pay out-of-pocket before your insurance covers costs.
• Copays: A fixed fee you pay for specific services, typically after your deductible is met.
• Coinsurance: This is a percentage of your medical expenses you pay after reaching your deductible.
• Out-of-Pocket Maximume: The cap on your annual costs for covered services. Once you hit this limit, your insurance covers 100% of the remaining expenses.

The most affordable health insurance plans in New Mexico start as low as $131 per month for basic Bronze plans. The coverage details exact cost depends on your specific factors like age, location, and health status.

AHiX works with trusted New Mexico providers such as Blue Cross Blue Shield of New Mexico and True Health New Mexico. You can compare plans from these providers on the AHiX Marketplace to now find health insurance coverage that meets your needs.

Seniors 65 and older can enroll in Medicare, which offers various coverage options for hospital care, outpatient services, some prescriptions, and more. Supplemental plans are also available to help reduce out-of-pocket costs on medications and other services not covered by basic Medicare.

Due to state regulations, New Mexico limits Temporary health insurance to three months with no renewals. However, no insurers currently offer short-term plans in the state. If you need temporary coverage, consider other options like special enrollment periods or Medicaid if you qualify.

New Mexico residents can access resources through BeWellnm for individual and family plans, as well as Medicare and Medicaid programs. Additional assistance is available through the New Mexico Office of Superintendent of Insurance, the Aging and Disability Resource Center, and YesNM for children’s health coverage programs.