July 3, 2022
  • July 3, 2022

NM Health Insurance Exchange Extends Enrollment Period | Local News

By on December 24, 2021 0

The open enrollment deadline for Jan. 1 coverage came and went Thursday for the state’s Obama-era health insurance exchange for those who are self-employed or don’t have plans. employer insurance.

But the New Mexico exchange beWellnm extended the deadline to Dec. 31 to get coverage from Jan. 1. Those who miss this deadline can register until January 15 for coverage to start on February 1.

“That’s one of the benefits of controlling our own system,” said Jeffery Bustamante, CEO of beWellnm. “We knew we had some flexibility with our technology. We met last week and decided we could give new Mexicans more time.

About 42,000 New Mexicans have registered through open registration for 2022, about the same number registered for 2021.

“We think there are a few thousand more that we can capture,” Bustamante said.

The US Federal Bailout Act contains a provision that dramatically reduces the cost of coverage for many people through health insurance exchanges. BeWellnm says 4 out of 5 New Mexicans can sign up for a plan for less than $10 a month.

The average premium in 2020 was $188 per month.

“Someone making $26,000 a year can sign up for a gold, silver, or bronze plan for $19 or less,” Bustamante said. “Eighty-nine percent of enrollees opt for gold or silver plans.”

The health insurance exchange carriers for 2022 are Molina and Blue Cross Blue Shield of New Mexico, both involved from the start; Friday Health Plans and Ambetter (also known as Western Sky Community Care) were new to the exchange; True Health; and Presbyterian Health Plan returns after an absence since 2016.