New Mexico: The Land of Enchantment

New Mexico Medicare Plans

At the Benefit Link we work with great insurance companies offering Medicare Supplement plans for New Mexico senior residents. Many offer the most popular plans like Plan F and Plan G. Let us assist with the basics. New Mexico Medicare plans include 10 standardized options, lettered A – N.  Each insurance company must offer at least Plan A, but companies can offer any of the other plans as well.

Our agency works with some of the best New Mexico Medicare Plan F and Plan G insurance companies, such as AetnaBankers Fidelity, Blue Cross Blue Shield, Cigna, Humana, Mutual of Omaha, and Transamerica.

You can find a complete list of our Medicare insurance providers here.

new mexico medicare plans

New Mexico Medicare Plans

As of 2012, New Mexico Medicare beneficiaries numbered nearly 300,000 people. New Mexico residents on Medicare have options for Medicare supplements. From Albuquerque to Roswell and everywhere in between, Medicare beneficiaries can find suitable Medicare coverage in New Mexico.

The best time to enroll in a Medicare supplement in New Mexico is within 6 months of your Medicare Part B effective date, which for the majority of people coincides with the month during which they turn 65. Applying during this time means you get to skip the health questions on the application, and cannot be turned down by the insurance carrier for pre-existing conditions if you are at least age 65.

New Mexico Medicare Supplements

Residents of New Mexico have the same Medicare supplement options as people in other states. You can see the available plans on this Medigap chart. For many years New Mexico Medicare supplement Plan F has been a best seller. However, in recent years Plan G in New Mexico has become quite popular. This is because Plan G offers identical benefits except that you will be responsible to pay the once annual Part B deductible.

We often find that premiums for Plan G are much lower and so you can actually come out ahead financially with a New Mexico Medicare Supplement Plan G.

Our company works with some of the best New Mexico Medicare Supplement Plan F and Plan G insurance companies, such as Aetna Medicare Supplements and Cigna Medicare Supplements.

Rules for People Under Age 65 on Medicare Disability

To qualify for a Medicare supplement in New Mexico when you are under age 65, you must meet certain requirements. First, you need to apply for the supplement within 6 months of the effective date for your Medicare Part B. If you have been awarded retroactive eligibility for Social Security disability income, then you must apply within 6 months of notice of your receipt of your notice of eligibility.

Unfortunately, Medigap plans for people under 65 are often double or triple the monthly rate that someone age 65 would pay. They also tend to take big rate increases from year to year because people on Medicare due to disability may naturally have more claims. The carriers then have to raise the rates on those policies to keep up with the cost of those claims.

Medigap carriers in New Mexico do not have to offer coverage to people with End Stage Renal Disease (ESRD) if they are under age 65.

New Mexico Medicare Choices

Medicare beneficiaries in New Mexico have a choice of insurance carriers. In fact, for Part D drug plans, there are over 40 choices. Our agency can help you compare the carriers available to find the best pricing. You might also be surprised at some of the rate trend statistics we can provide. Before buying the cheapest carrier – let us help you make sure that their history of rate increases is stable so you don’t get smacked with a monster rate increase next year.

For help today from one of our expert team members who are licensed to explain Medicare insurance products, you can ask us to contact you either via email or telephone:

Still have questions, or need more information on how to pick the plan that is right for you?

The Benefit Link is here to help! Give us a call and speak to a licensed insurance agent:

Use your retirement income wisely, find out if you qualify for Medicare discounts!

How can we serve you today?

It can be difficult to know whether or not you have proper coverage, but we can help! It’s our passion to provide peace of mind and ensure that you are well informed of your options and receive the best possible rates. Please feel free to call us at anytime, even if it’s just to chat.