Quick Facts About Medicare Supplement Plans in New Mexico:
-
62,391 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 36,778 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.
What are the most popular Medicare Supplement plans in New Mexico?
The chart below shows which plans are most popular in New Mexico.1
|
Popularity Ranking |
Plan |
Total Enrollees |
|
1 |
F |
36,778 |
|
2 |
G |
20,621 |
|
3 |
N |
6,515 |
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.
Compare New Mexico Medigap plans
Find a planOr call now to speak with a licensed insurance agent:
1-800-995-4219
1 AHIP. The State of Medicare Supplement Coverage. (March 2022). https://ahiporg-production.s3.amazonaws.com/documents/202202-AHIP_MedicareSuppCvg-02_v03.pdf.
Get started online