Is Short-Term Health Insurance Available in New Mexico?
No. New Mexico law prohibits the sale of short-term health insurance plans. This includes policies that typically provide up to 3–4 months of limited medical coverage for people experiencing a gap in their regular insurance.
Several other states, including Washington, New Hampshire, and Maine, have similar restrictions in place. If you are a New Mexico resident, you must rely on ACA-compliant insurance or other legal coverage alternatives.
What Does the 2024 Federal Rule Mean for New Mexico?
As of September 1, 2024, new federal regulations limit short-term health insurance to:
- 3-month initial term
- 1-month renewal option
- 4-month maximum duration
However, this rule does not apply to New Mexico, as short-term health insurance plans remain banned in the state. Residents are instead encouraged to explore permanent or government-supported options for coverage.
What Are Your Options If Short-Term Plans Are Not Allowed in New Mexico?
While short-term medical insurance is not available in New Mexico, several effective alternatives exist:
1. ACA Marketplace Plans
You can apply for Affordable Care Act (ACA) health insurance through the federal exchange. These plans offer full essential health benefits and are available during:
- Open Enrollment Period (OEP)
- Special Enrollment Period (SEP) for qualifying life events like job loss or income change
Many individuals qualify for federal subsidies to reduce monthly premiums and out-of-pocket costs.
2. Medicaid
Medicaid provides free or low-cost coverage for low-income individuals and families. Eligibility is based on income and household size. You can apply year-round at New Mexico Medicaid.
3. AHiX Insurance Plans
AHiX offers a wide range of New Mexico health insurance plans, including major medical and ACA-compliant options. Our advisors will help you compare coverage and choose the most suitable plan for your health and financial needs.
