Health Insurance in New Mexico

Apollo Insurance Group is dedicated to delivering peace of mind through health insurance that is tailored to our clients’ needs. Rest easy knowing your medical challenges are simplified by our industry experts and knowledgeable advisors. Read on to learn more about health care in New Mexico. 

Quick Facts about Health Insurance in New Mexico

• New Mexico operates its own state-run marketplace called BeWellnm. 
• Open Enrollment for On-Exchange plans will be from November 1, 2024 – January 15, 2025. 
• Off-Exchange plans can be purchased at any time. 
• Apollo Insurance Group can help broker plans from 5 different carriers. 

How Health Insurance in New Mexico Works

Affordable Care Act (ACA) / Obamacare health insurance in New Mexico uses a state-run exchange as its Marketplace. New Mexico residents looking for ACA health insurance can use BeWellnm to shop for plans and enroll. On-Exchange plans are eligible for subsidies and cannot deny coverage due to preexisting conditions.

Off-Exchange plans include any plans that are not sold in the ACA marketplace. They are not eligible for subsidies and can deny coverage because of preexisting conditions. Due to these reasons, they tend to have lower premiums than Obamacare plans. With some exceptions, they can be purchased at any time of the year.

When to Sign Up for New Mexico Health Insurance

Timing to sign up for health insurance in New Mexico depends on the type of insurance that a person is signing up for. If they are signing up for an ACA plan, then they have to sign up during the Open Enrollment period. Open Enrollment is the time of the year that people can freely change their health insurance plans without any qualifiers. For 2024, OE will run from November 1, 2024 – January 15, 2025. 

Outside of Open Enrollment, a person cannot change their ACA insurance plan without a Qualifying Life Event. Qualifying Life Events are a set of life changing circumstances that are considered drastic enough to allow a change in insurance. Click here for a full list of qualifying life events. 

Off-Exchange plans can be purchased at any time. There are, of course, some exceptions. However, more Off-Exchange plans have year-round enrollment. 

How to Sign Up for Health Insurance in New Mexico

To start enrolling in a health insurance plan for New Mexico, simply fill out our quote form. We will help you start the process and find the right plan for you. 

We have extensive experience helping individuals find health insurance, so call us today!

New Mexico Health Insurance – Find a Plan That’s Right For You

Health Insurance in New Mexico – What You Need to Know

Health insurance is a vital part of life in New Mexico. With the high cost of medical care, it is important to have a good health insurance plan to cover the expenses. There are many different types of health insurance plans available and choosing the right one can be confusing. This blog post will help you understand the different types of health insurance available in New Mexico and what factors to consider when choosing a plan.

Types of Health Insurance Plans in New Mexico

There are several types of health insurance plans available in New Mexico. The most common type of plan is a PPO (Preferred Provider Organization). PPO plans offer a network of doctors, hospitals and other healthcare providers that have agreed to provide services at a discounted rate. PPO plans also offer out-of-network coverage, but at a higher rate. HMO (Health Maintenance Organization) plans are another type of plan available. HMO plans require you to choose a primary care physician from their network and you will need a referral from your PCP to see a specialist.

Another type of health insurance worth mentioning is short-term health insurance. Short-term health insurance plans are designed to fill the gap for people who are between jobs or waiting for their employer’s health insurance to start. These plans have many exclusions and do not cover pre-existing conditions. They are not required to comply with the Affordable Care Act, so they may not cover things like preventive care, maternity care or mental health services.

Choosing the Right Plan for You

Now that you know about the different types of health insurance available in New Mexico, how do you choose the right plan for you? There are several factors to consider when making your decision. First, you need to decide if you want an HMO or PPO plan. If you want more flexibility in choosing your doctors and providers, then a PPO plan is probably a better choice. If you don’t mind using only in-network providers and want lower premiums, then an HMO plan might be right for you.

Another factor to consider is your budget. Health insurance premiums can be expensive, so it is important to find a plan that fits into your budget. Be sure to also consider deductibles and copayments when deciding on a plan. And finally, make sure the plan covers the services that are important to you such as preventive care, prescription drugs or mental health services.

Health insurance is an important part of life in New Mexico and there are many different types of plans available. It is important to understand the different types of plans before choosing one that is right for you. Consider your budget, needs and preferences when selecting a health insurance plan so that you can get the coverage you need at a price you can afford.

Albuquerque, New Mexico Health Insurance

As the largest city in New Mexico, Albuquerque offers a variety of health insurance options for individuals and families. While some residents may be covered through their employer, others may want to consider plans through private companies or through the health insurance marketplace. It’s important to carefully review coverage options and choose a plan that meets your health needs and fits within your budget. In addition, residents may also want to consider supplemental health insurance plans to cover expenses not covered by their primary health insurance plan. As always, it’s important to make sure you have sufficient health insurance coverage in case of unexpected medical expenses or emergencies. Taking the time to research health insurance options in Albuquerque can ensure you have the coverage you need.