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To help lower health insurance costs for small businesses, the New Mexico Legislature worked with Governor Michelle Lujan Grisham to pass legislation establishing a Health Care Affordability Fund.
The new law that provides funding to the New Mexico Office of Superintendent of Insurance (OSI) to reduce health insurance premiums for small businesses that purchase coverage in the small group market.
Small Business Health Insurance. New Mexico carriers may offer small group plans directly. As a small business owner, you can contact the insurance carriers to ask about group coverage options for your employees. Here are a few places to start looking for more information:
Login from anywhere to access claim information, check eligibility status, download claim forms, locate a provider, ask benefit questions, get important news updates, access valuable health and wellness tools, and much more!
Health Insurance: While not mandatory for small businesses in New Mexico, offering health insurance can be a strategic move to attract and retain skilled employees. Understanding state-specific regulations is crucial for making informed decisions regarding health coverage.
BeWellnm for Small Business is New Mexico's State Health Insurance Exchange where employers with 2 to 50 full-time equivalent employees can access qualified health insurance plans to provide quality, affordable health coverage for their employees.
The Health Insurance Marketplace Affordability Program lowers premiums and out-of-pocket costs for most people who get coverage on beWellnm. This program was established under New Mexico’s Health Care Affordability Fund.
