New Mexico gives residents a nudge for health insurance

Capital Building Santa Fe New Mexico health insurance

As the deadline rapidly approaches, the state has been reminding residents that they should act quickly. New Mexico has been reminding people who have not yet purchased their health insurance that they should head to the state exchange if they want to be sure they’ve bought their coverage in time for the first deadline on December 15. For people who want their coverage to start on January 1, 2016, they need to buy a health plan by Tuesday. The final deadline for the open enrollment period is going to be…

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New Mexico hospitals cite expansion of health insurance as reason for falling costs

New Mexico health Insurance Regulation Structure

Hospitals report falling costs due to more consumers having health insurance coverage New Mexico hospitals are reporting seeing lower costs in providing consumers medical care, even if they do not have health insurance coverage. According to a report from the Legislative Finance Committee, this is due to the expansion of the state’s Medicaid program through the Affordable Care Act. This has allowed more people to receive the medical care they need at relatively lower costs. This has had a positive financial impact for hospitals, as they are spending less money…

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Blue Cross Blue Shield of New Mexico pulling out of state’s health insurance exchange

Capital Building Santa Fe New Mexico health insurance

Insurer will not be providing individual coverage through state’s exchange next year Blue Cross Blue Shield of New Mexico will be exiting the New Mexico health insurance exchange next year, according to the state’s Superintendent of Insurance, John Franchini. The insurer is pulling out of the exchange marketplace after having its rate increase proposal denied by state regulators. Blue Cross Blue Shield had sought approval for a significant increase in premiums for coverage it would provide in 2016, but state regulators found that the amount that the insurer wanted to…

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Health insurance companies in New Mexico may help cover the costs of vaccinations for children

childhood vaccinations vaccine injection needle health insurance

New bill will require insurance companies to pay into a state vaccination program A new legislation in New Mexico would require the state’s health insurance companies to help cover the cost of vaccines for privately insured children. New Mexico is one of a small number of states that have a universal vaccine purchasing program in place. These programs are meant to boost immunization rates and, potentially, make the state a healthier place for children. Paying into this program is completely voluntary, as vaccinations have become a somewhat controversial issue. Insurers…

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Health insurance exchange moves a step forward in New Mexico

Capital Building Santa Fe New Mexico health insurance

Health insurance plans see progress New Mexico is moving one step closer to establishing a state-run health insurance exchange. The effort has received support from both Democrats and Republicans who consider the state’s running its own health insurance exchange could be in the best interests of New Mexico residents. A proposal for the exchange has was the approval of state lawmakers and is now on track to form an operational health insurance exchange that could begin selling policies by October of this year, complying with federal regulations outlined in the…

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New Mexico Medicaid to be expanded

New Mexico Medicade Susana Martinez Governor of NM

New Mexico Medicaid system will be expanded to accommodate more people Last week, New Mexico Governor Susana Martinez announced the state’s commitment to expanding its Medicaid program in a move to better align the state with the Affordable Care Act. Per the federal law, states have the option to expand their Medicaid programs in order to make them more accessible to a wider range of people. New Mexico is keen to address some of the issues concerning the lack of health insurance coverage among low-income individuals and families by ensuring…

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Health insurance exchange from New Mexico is on its way

New Mexico insurance state flag

The state’s Republican Governor, Susana Martinez has spearheaded the online marketplace. New Mexico, like all other states in the country, will have a new health insurance exchange in place before the end of the year, and within that particular state, the governor has spearheaded the initiative to ensure that consumers will be able to access the marketplace within the next 10 months. These online marketplaces are at the very heart of the federal healthcare reforms from President Obama. The goal of both the federal healthcare reforms and of the design…

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