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Inflation is driving up costs in many industries, including the healthcare sector.
But many New Mexicans who get health insurance through beWellnm this year will have lower health care costs than ever before, thanks to both new federal and state laws.
“I think putting more money in the pockets of the people of New Mexico at a time when things are uncertain is a very positive aspect of these programs starting to work now,” said New Mexico. Colin Bairio, director of coverage affordability and expansion, said. The Insurance Supervisory Authority, which regulates various types of insurance within the state.
Established under the Affordable Care Act, beWellnm is where people can purchase health insurance plans. See how much financial assistance is available for individuals and families and help you decide which plan is right for you.
Options found on beWellnm are available to all New Mexico residents who do not have insurance through their employer, Medicare or Medicaid. Those who are satisfied with their existing beWellnm coverage do not need to re-enroll to receive coverage for 2023. However, those wishing to change must choose a plan during the open registration period from November 1st to her January 15th. A person experiencing a qualifying life event, such as losing health insurance, getting married, having a baby, or becoming a U.S. citizen, will be allowed to make changes outside of the enrollment period, and she will have 60 days from the event to take action. is allowed only if
financial assistance
Healthcare with beWellnm will be affordable through several different means of support, said Maureen Manring, the organization’s director of communications and outreach. When purchasing healthcare products on beWellnm, New Her Mexicans enter information about their income and household size. This data is used to determine eligible financial assistance.
Some New Mexico residents, for example, are eligible for tax credits that can be used to lower monthly health insurance premiums. Under the Federal Inflation Reduction Act signed in August, this premium tax credit could be even greater in 2021 and he in 2023 than he did in 2022.
Support is also available from state initiatives. Last year, beWellnm transitioned from a federally-backed state-based exchange to a fully state-run program. This change gives beWellnm more flexibility to leverage local laws and offer additional coverage and financial assistance.
“It has given us a lot of new tools that can save New Mexicans shopping at beWellnm,” says Baillio.
One of those tools is Turquoise Plans. This is a completely new type of plan with low monthly insurance premiums and low copayments. Created as a result of legislation passed in 2021 in the state. Bailio said New Mexico is one of his few states with such a plan.
The Turquoise Plan offers reduced deductibles, copayments, and coinsurance and is available to individuals and families with incomes up to 300% of the poverty level who qualify for federal premium tax credits. Plans are automatically shown to Wellnm shoppers who meet the criteria.
Another feature that emerged from last year’s legislative session is to address mental health. From this year until 2023, there will be no out-of-pocket mental health services for people with a health care plan through beWellnm.
“This is part of Congress and the governor’s initiative to make mental health services more accessible to people,” Bailio said.
provider
The 2023 beWellnm healthcare plan is provided by Ambetter of Western Sky Community Care, Blue Cross Blue Shield of New Mexico, Molina Healthcare and Presbyterian Health Plan. Best Life offers dental insurance.
To support statewide, providers must offer plans in all 33 New Mexico counties. Manling said this doesn’t necessarily happen in other states.
The New Mexico office of the Insurance Commissioner reviewed all plans on the site to ensure they were in compliance with the Affordable Care Act and that rates were fair and mathematically sound, Bailio said. Confirming.
Choose a plan
Beginning October 17, consumers can begin exploring their options in preparation for the open registration period. BeWellnm’s shop and comparison online tool is anonymous and helps people see the premiums and savings offered by different plans.
For those interested in connecting with others for help, beWellnm has a team of certified registered counselors, agents, and brokers available to discuss health insurance options. By November 1, his website at beWellnm will have tools that allow New His Mexicans to schedule appointments. You can also call 833-862-3935 (TTY 711). Assistance from these professionals is always free.
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