New Mexico seniors can choose from any of the 24 companies selling Medicare Supplement insurance. Medicare plans help you pay the portion of Part A and Part B that Original Medicare does not cover. Frequently referred to as Medigap, standardized plans cover deductibles, copayments and coinsurances at varying levels to meet different needs.
What You Must Know about Medicare Supplements in New Mexico
If this is your first time considering a Medicare Supplement in New Mexico, and you’re not exact sure which plan to choose, read our Medicare Supplement Plan information page. All Medicare Supplements available in New Mexico are standardized by the State Board of Insurance. We offer a complete overview of all New Mexico Medigap plans and their benefits.
Medicare Supplements vs. Medicare Advantage
If you can’t afford a Medicare Supplement there is another option. It’s called Medicare Advantage. When you enroll in a New Mexico Medicare Advantage (MA) plan your healthcare is covered through private insurance.
As with most other financial decisions, there are trade-offs. Most importantly your choice in healthcare providers, which most Medicare Advantage plans restrict to their network of providers. That said, the big advantages are additional benefits, like prescriptions, dental, hearing, and vision that are not covered by Original Medicare.
The important thing to know about every Medicare Advantage plan is that they limit your Maximum Out-of-Pocket (MOOP) expense to a maximum of $6,700 per year. That makes them worth comparing to Medicare Supplements. We have the complete catalog of 2018 Medicare Advantage Plans available in New Mexico.
New Mexico Medicare Part D Plans (Rx)
While you’re comparing New Mexico Medicare Supplements, it’s a good idea to shop for a Medicare Part D Plan (PDP), too. Medicare does not cover prescriptions, nor do Medigap plans. We make shopping easy with our complete catalog of 2018 Medicare Part D Plans in New Mexico.
Medicare Supplement Eligability
You can apply for a New Mexico Medicare Supplement if you are:
- A New Mexico resident,
- Enrolled in both Medicare Part A and Part B, and
- You are 65 years old or older.
Supplemental plans are available in the following counties: Sandoval, Valencia, Cibola, Bernalillo, Torrance, Santa Fe, Socorro, Rio Arriba, San Juan, Mckinley, Taos, San Miguel, Los Alamos, Colfax, Guadalupe, Mora, Harding, Catron, Sierra, Dona Ana, Hidalgo, Grant, Luna, Curry, Roosevelt, Lea, De Baca, Quay, Chaves, Eddy, Lincoln, Otero, Union, and most rural areas of New Mexico.
Rates shown are samples from within New Mexico for comparison purposes only. This page was last updated on 9/24/2017.