Medicare Supplement Plans in New Mexico

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.

What are the most popular Medicare Supplement plans in New Mexico?

The chart below shows which plans are most popular in New Mexico.¹

Medigap Pricing Methods

Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:

• Attained-age rated: The premium increases as you age.
• Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age.
• Community rated: The same premium is charged to all Medigap policyholders.

Under-65 Enrollment Rules

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.