Find short-term health insurance plans in NM
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Consider the following statistics about health care coverage in New Mexico:
Average individual ST Premium$137
Average Individual ST Deductible$3,816
Average Premium for Individual ACA plans bought on eHealth in 2017 $378
Average Deductible for Individual ACA plans in 2017 from eHealth customers $4,449
New Mexico short term health insurance is non-renewable, and cannot last more than 3 months. If you were enrolled in a short term health insurance plan from any carrier in the past 12 months, then you will not be able to enroll in another short term plan in New Mexico.
Make sure you know what short term health insurance in New Mexico covers before enrolling. Short term health insurance in New Mexico, or anywhere else, is not the same as Affordable Care Act coverage.
Make sure to read your plan details carefully when shopping for short term health insurance in New Mexico, so you understand that this temporary coverage is different than typical ACA-compliant coverage.
At eHealth we offer coverage for all price points and health care needs. If you’re looking for coverage beyond short term health insurance in New Mexico, we can educate and provide quotes on all kinds of health insurance products in New Mexico.
A major appeal of short term health coverage is how affordable it is. The benefits covered by short terms plans are typically related to emergency care, meaning that these plans may work well for those who don’t require regular medical care, such as frequent visits to the doctor or expensive prescriptions. Although these plans do not have as many benefits as major medical health insurance, they provide some coverage that’s still affordable for many people.
Purchasing a short term health insurance plan in New Mexico may make you ineligible for any guaranteed issue individual health plans commonly referred to as HIPAA Plans, or a COBRA plan if you recently lost coverage from a group health plan.
Also keep in mind that short term health plans typically do not cover pre-existing medical conditions or many benefits that more comprehensive plans do, such as the minimum essential benefits that are required for qualified health plans under the Affordable Care Act. Furthermore, short term plans generally do not guarantee renewal, so any conditions that develop while you are on a short term plan may prevent you from renewing or may be excluded from your policy once you renew.
Due to those limitations, short term plans might not be for everyone. If you are seeking to save on health insurance costs in New Mexico and only need minimal coverage, short term can be a good option, but make sure to take the risks and your own health care needs into account when it comes to choosing your health insurance plan.