Quick Facts About Medicare Supplement Plans in New Mexico:
71,459 New Mexico residents had a Medicare Supplement, or Medigap, policy, according to data from America’s Health Insurance Plans (AHIP).1
Plan F is the most popular Medigap plan in New Mexico, with 34,453 enrollees, according to AHIP.
Medigap helps senior and disabled New Mexico residents pay for certain Medicare co-payments, deductibles, and other costs. Insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N. Each plan covers a slightly different combination of benefits.
Important: If you became eligible for Medicare on or after January 1, 2020, Plan F and Plan C will not be available to you.
The chart below shows which plans are most popular in New Mexico.1
|
Popularity Ranking |
Plan |
Total Enrollees |
|
1 |
F |
34,453 |
|
2 |
G |
24,559 |
|
3 |
N |
6,598 |
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:
Although Medigap is primarily for senior citizens, it’s also available to disabled people and those with end-stage renal disease (ESRD) in some states. Each state’s insurance department dictates the rules governing Medicare beneficiaries under the age of 65.
Insurance companies in New Mexico are not required by law to make any Medigap plans available to those under 65, but may do so at their own discretion.
Or call now to speak with a licensed insurance agent:
Enter your email address and get a free guide to Medicare and Medicare Supplement Insurance, as well as important Medicare news and tips. We promise to never send you spam – just helpful content!
We've been helping people find their perfect Medicare plan for over 12 years.
Call now