Open Enrollment is Here! Enroll from Nov 1 - Jan 15 to secure your coverage. Tips to enroll →
Open Enrollment is Here! Enroll from Nov 1 - Jan 15 to secure your coverage. Tips to enroll →
BeWell is the only place where you can qualify for subsidies to lower the cost of your monthly health insurance premiums. In fact, 40 percent of eligible New Mexicans pay $10 or less per month.
Use our Anonymous Shopping Tool to find out how much assistance you qualify for and what your monthly cost will be.
The Easy Enrollment program allows you to check a box on your state income tax form to see if you qualify for low-cost or no-cost health insurance through Medicaid or BeWell. If you qualify, you can enroll immediately through a simplified process. Look for it when you complete your tax forms.
Financial help paying for your health insurance comes in the form of premium tax credits that lower the cost of your monthly insurance payment
(called your “premium”).
The amount of your tax credit is based on the income estimate and household information you put on your BeWell application.
In addition, you may qualify for a no-cost or further reduced premium option through the New Mexico Premium Assistance Program if your household makes less than 400% of the federal poverty level (FPL).
The only way to get a premium tax credit is by enrolling with a health insurance plan through BeWell, New Mexico’s Health Insurance Marketplace.
If you need help understanding the financial help that is available, you can schedule an appointment with a certified BeWell assister.
When you qualify for a premium tax credit, you can choose to use all, some or none of it in advance to lower the monthly cost of your premium. When you take your premium tax credit in advance, it is referred to as an advance premium tax credit (APTC).
Alternatively, you can choose to pay the full price of your premium each month and claim your premium tax credit when you file your taxes, which may result in you getting a refund.
The amount of your tax credit is based on the income estimate and household information you put on your BeWell application.
This table can help you understand if you qualify for premium tax credits. Tax credits are based on annual household income, which is an estimate of the yearly income for all household members.
| Family Size | You may qualify for Premium Tax Credits and New Mexico Premium Assistance, and Turquoise Plans if your income is less than: | You may qualify for Premium Tax Credits and New Mexico Premium Assistance, if your income is less than: | You may still qualify for Premium Tax Credits if your income is more than: |
|---|---|---|---|
| 1 | $45,180 | $60,240 | $60,240 |
| 2 | $61,320 | $81,760 | $81,760 |
| 3 | $77,460 | $103,280 | $103,280 |
| 4 | $93,600 | $124,800 | $124,800 |
| 5 | $109,740 | $146,320 | $146,320 |
| 6 | $125,880 | $167,840 | $167,840 |
| 7 | $142,020 | $189,360 | $189,360 |
| 8 | $158,160 | $210,880 | $210,880 |
The Native American Premium Assistance (NAPA) program provides enhanced premium assistance for Native Americans who are members of a federally recognized tribe. Specifically, NAPA provides:
Health plans are grouped into levels on the Marketplace. These levels include Bronze, Silver, Platinum, Turquoise and Clear Cost.
Turquoise plans give you the most savings on out-of-pocket costs like deductibles, copays, and coinsurance. In order to qualify for some state-based financial assistance, you must choose one of the Turquoise plans. These plans are clearly identified by a Turquoise banner in the BeWell application.
You may be able to get more savings and lower costs on BeWell health insurance coverage due to the American Rescue Plan Act of 2021 and the Inflation Reduction Act of 2022.
Under the law:
The Inflation Reduction Act keeps these savings and lower costs in place through 2025. To find out if you qualify for extra savings, use our Anonymous Shopping Tool.
Before you apply for coverage, you can see the health and/or dental insurance plans available and the estimated cost you will pay plus any subsidies you may qualify for to reduce the cost.
Certified assisters and enrollment counselors can help you understand your options and enroll in a health insurance plan. Their help is free!
When you’re ready to enroll, you can apply online in about an hour. You can also save your application and come back to it, so you can go at your own pace. Create your BeWell log in to get started.
© All Rights Reserved. New Mexico Health Insurance Exchange.®
BeWell is here to answer your questions. Feel free to call, email or chat with us whenever your ready.
