health insurance exchange

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New Mexico residents have only a few days left before the February 15 deadline to sign up for health insurance and to be covered by March 1, 2015.

Alex E. Proimos via Flickr

A new analysis of insurance enrollment under the Affordable Care Act shows New Mexico has one of the highest rates of newly-insured people in the country. That’s good news for the residents here who now have access to health care, but the higher number of new patients is posing some challenges to doctors in the state.

    

New Mexico has seen a drastic reduction in uninsured residents since last year. Data shows the rate of people covered by health insurance has more than doubled in many counties.

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New Mexico is working to create its own online insurance exchange before the next open enrollment period of the Affordable Care Act begins later this year. If the federal government doesn’t approve the state’s site, New Mexicans will be using the federal exchange for another year. 

It's estimated that 7.4 million people in the southwest will be buying insurance on their own under the Affordable Care Act. Approximately 60 percent of those purchasers will be eligible for help with their insurance bill in the form of tax credits next year.

Under the Affordable Care Act, around 63,000 New Mexicans will need to buy new health insurance policies by the end of the year. Those plans could cost more and cover more.

New Mexico Health Exchange Still In Question

May 15, 2013

States aiming to run their own health insurance exchanges, will be in need of federal grants to get those exchanges launched, and are facing a deadline today. New Mexico's application is in, but there's still a question of whether or not the exchange will be run by the state, federal government, or both.


New Mexico's federal grant request totals about $20-million dollars, and will be used for marketing, public relations, and outreach. With much of the states population living in rural areas, that outreach will be critical to the exchanges survival.