Stats in Your State
Whether you’ve lived in the Land of Enchantment your whole life or, like almost half of the state’s population, originate from somewhere else, you want to be sure you’re getting a fair rate for your medical insurance. Check out the data below to become an informed consumer.
Among families unable to afford private health insurance, 372,989 of New Mexico’s children were enrolled in Medicaid. While 9,654 additional children were receiving coverage from CHIP, a program for families that make too much to qualify for Medicaid, but still can’t afford private insurance.
Individual Health Insurance Premiums
For those on employer based plans, New Mexicans pay just below the national average for their health insurance, at $5,205 a year, of which $1,271 is covered by the employee.
Family Health Insurance Premiums
When it comes to family-based healthcare plans, New Mexicans aren’t getting as good a deal as individuals. The average employee contribution for family plans is well above the national average with the 20th highest premiums in the nation.
SAHIE Health Insurance Uninsured
Many citizens of New Mexico lack health insurance altogether. From 2005 to 2010 only 77% of the population had coverage. In fact, New Mexico is one of the worst states for percentage of uninsured residents.
Rules in Your State
Staying healthy requires good insurance and staying wealthy requires affordable insurance. Review New Mexico’s rules and regulations below to avoid getting stuck with big unanticipated doctor bills.
Chapter 59A – Insurance Code, of the New Mexico Statutes (NMSA): The Insurance Code of the New Mexico Statutes is one of two major legal sources governing insurance companies in New Mexico. Getting past the legalese can be a challenge, but the table of contents refers specifically to sections regarding health insurance.
Title 13 – Insurance, of the New Mexico Administrative Code (NMAC): Chapter 10 of Title 13 of the New Mexico Administrative Code gives the details of specific laws regulating health insurance in the state.
The Affordable Care Act and New Mexico: Read up on exactly how the Affordable Care Act will affect residents of New Mexico, including all the new safeguards and requirements, with this resource provided by the federal government.
Representatives & Resources in Your State
In times of poor health or injury, the last thing you want worry about is health insurance. The resources below will help you plan ahead by knowing exactly who to contact if things get complicated with your coverage.
New Mexico Health Insurance Alliance
506 Agua Fria Street
Santa Fe, NM 87501
The NMHIA is a nonprofit created by the State of New Mexico. Their mission is to help small businesses and individuals who do not qualify for traditional health insurance plans get access to health care.
New Mexico Public Regulation Commission
Consumer Relations Division (CRD)
1120 Paseo De Peralta
P.O. Box 1269
Santa Fe, NM 87504
If you have a complaint involving your medical insurance company, contact the Consumer Relations Division of the New Mexico Public Regulation Commission. They will investigate the details of your complaint and take action if the company is violating any state regulations.
The Affordable Care Act (ACA)
The Affordable Care Act, which is often called Obamacare, addresses health care reform and affects nearly every American health insurance policy in some way. Go to Healthcare.gov to get information about how the Affordable Care Act is affecting New Mexico residents and their health insurance.