A new national study says the cost of medical plans available through New Mexico’s health insurance exchange likely will be lower than in many other states.
New Mexico’s top insurance regulator said uninsured individuals also will find more insurance options through the exchange than currently are available in the private market.
Insurance Superintendent John Franchini said people who qualify for federal subsidies can expect to buy their insurance through the exchange at costs lower than current market rates.
The exchange is to serve as an online shopping center for buying insurance from private companies and is to begin enrollment next month.
A study by the Kaiser Family Foundation reviewed premiums proposed by insurers for exchanges in the District of Columbia and 17 states, including New Mexico.