New Mexico's health insurance exchange costs stay about same
As New Mexico’s online health insurance exchange prepares to open its enrollment period Friday for 2020 coverage, officials said residents seeking policies will find a new provider in the mix and average rates close to those offered in 2019 — including premium decreases for some plans.
Two events will be held in Santa Fe in the next couple of weeks for those planning to enroll in insurance policies through one of the four providers participating in the exchange. “You can ask your questions,” said Katrina Smith, a broker relations specialist for the network, called beWellnm. “… We will have one-on-one assistance.”
BeWellnm is now in its seventh year of connecting New Mexico residents with health insurance coverage. It was created in 2013 through the federal Affordable Care Act and has 47,000 people enrolled, according to Smith. That’s down from more than 51,000 in 2017.
While the federal law initially mandated insurance coverage, or imposed a penalty on taxpayers’ IRS returns, the penalty no longer applies.
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