New Mexico Health Insurance Exchange

Last updated
New Mexico Health Insurance Exchange
Agency overview
Jurisdiction Health insurance marketplace for U.S. state of New Mexico
Website BeWellNM

New Mexico Health Insurance Exchange, otherwise known as BeWellNM, is the health insurance marketplace for the U.S. state of New Mexico. The exchange enables people and small businesses to purchase health insurance at federally subsidized rates.

In the United States, health insurance marketplaces, also called health exchanges, are organizations in each state through which people can purchase health insurance. People can purchase health insurance that complies with the Patient Protection and Affordable Care Act at ACA health exchanges, where they can choose from a range of government-regulated and standardized health care plans offered by the insurers participating in the exchange.

Contents

On Jan 15, 2015 Mike English reported on Albuquerque Business First more than 40,000 health insurance signups. [1]

Background

Health insurance exchanges were established as a part of the 2010 Patient Protection and Affordable Care Act to enable individuals to purchase health insurance in state-run marketplaces. [2] In this legislation, states could choose to establish their own health insurance exchanges; if they choose not to do so, the federal government would run one for the state. [2]

Patient Protection and Affordable Care Act United States federal statute

The Patient Protection and Affordable Care Act (PPACA), often shortened to the Affordable Care Act (ACA) or nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010. Together with the Health Care and Education Reconciliation Act of 2010 amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.

In 2014, actual enrollment for New Mexico took place on Healthcare.gov

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References

  1. ↑ "Article". www.bizjournals.com. 2015. Retrieved 2019-07-03.
  2. 1 2 Lewis, Nicole (July 12, 2011). "HHS Proposes Health Insurance Exchange Rules". Information Week. Retrieved November 16, 2012.


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