Speak to a Licensed Sales Agent! Hours: Mon-Thur 7am-8pm, Fri 7am-7pm, Sat 9am-3pm CT
close
Medicare Supplement Insurance Plans in New Mexico
No obligation to enroll
What Are Medicare Supplement Insurance Plans in New Mexico?
Residents of the Land of Enchantment who are about to turn 65 need to know about Medicare Supplement Insurance plans. Also referred to as Medigap, Medicare Supplement Insurance fills some of the gaps for things not covered by Medicare Parts A and B. This can include things such as copayments, coinsurance and deductibles. A Medicare Supplement Insurance plan in New Mexico can help policyholders address additional out-of-pocket healthcare costs. Medigap Insurance plans are available from private insurance companies throughout New Mexico.
Medicare Supplement Insurance Plans in New Mexico - Image
In 2023, New Mexico residents have many Medigap or Medicare Supplement plans from which to choose. These include basic benefits from Plans A, B, D, G, K, L, M and N. Medigap Plans C, E, F, H, I and J are no longer available to those who are newly eligible to Medicare, but those already enrolled in these plans are grandfathered in.
note-icon
As of January 1, 2020, Medicare Supplement Insurance plans no longer sell Medigap Plans C or F to newly eligible Medicare members. Anyone enrolled in a Medigap Plan C or F on or before December 31, 2019 has been grandfathered in and will be able to continue to use their plan as long as their premiums are paid.
Residents of New Mexico who are looking for a Medicare Supplement Insurance plan need to first look at their specific coverage needs to determine what type of Medigap plan they should consider.
Compare Medicare plans and request a free quote today!
No obligation to enroll
Most Popular Medicare Supplement Insurance Plans in New Mexico
Government-approved Medicare Supplement Insurance plans help protect consumers in most states, including New Mexico. The statistics below represent the most popular Medigap plans selected by New Mexico residents. Insurance companies that offer Medigap plans offer the same basic benefits, but those plans may come at different prices depending upon where you live and the insurer. In addition, each insurer may not offer each of the eight available Medigap Supplement plans.
As reported by America’s Health Insurance Plans (AHIP), 71,459 New Mexico beneficiaries had Medigap coverage in 2021. Below is the breakdown of the number of New Mexico enrollees by Medigap plan type.
PlanABCDEFGHIJKLMN
Enrollment #5364469622355534,45324,559334652,29743921956,598
Source:
AHIP
(2021)
While a Medigap policy will help pay for things like copayments, coinsurance and deductibles not covered by Medicare Parts A and B, it is important to note that your New Mexico Medicare Supplement Insurance plan will not cover benefits for prescription drugs. However, you can buy an additional Medicare Prescription Drug plan to cover prescription drug costs or consider a Medicare Advantage plan.
Learn more about your Medicare Supplement Insurance plan options in New Mexico by working with a SelectQuote licensed insurance agent. Acting as your advocate, we can guide you through the Medicare maze to better understand Medigap plan options and answer any questions you might have throughout the process. SelectQuote individually shops more than 20 national insurance companies to help you compare Medicare Insurance plans in New Mexico.
note-icon
New Mexico residents cannot be enrolled in a Medicare Supplement (Medigap) Insurance plan and a Medicare Advantage plan at the same time. A Medigap plan cannot be used to pay for any expenses for a Medicare Advantage plan.
Calendar Image
New Mexico Medicare Supplement Plan Enrollment Period
Initial enrollment timeframes are very important. Enrollment for Medicare Supplement Insurance plans in New Mexico begins the first day of the month you turn 65 years old. You also must be enrolled in both Medicare Parts A and B in order to enroll in a Medigap plan.
New Mexico residents have a six-month period surrounding their birth month to buy a Medicare Supplement Insurance plan. New Mexico residents under the age of 65 can check with the Social Security Administration office for additional enrollment periods.
The best time to enroll in a Medicare Supplement Insurance plan is during the initial six months you are eligible for Medicare. During this important six-month period, companies that offer Medicare Supplement Insurance plans cannot use underwriting. If you apply for Medicare Supplement Insurance outside of this timeframe, you will be subject to a physical exam. If you apply for Medigap coverage after your first six months of eligibility, a company can refuse to sell you a plan or may adjust your premiums depending on your current health status and pre-existing health conditions. It is beneficial for residents in New Mexico to enroll as soon as they are eligible. In fact, you can make important choices about your Medicare coverage as early as 64 and 6 months of age.
Image
No obligation to enroll
Is a New Mexico Medicare Supplement Insurance Plan Right for You?
SelectQuote can help ensure you are getting all the Medicare benefits available to you. Our licensed insurance agents can help you stay informed on annual updates to Medicare plans made by insurance companies. As an independent third-party company that specializes in helping consumers understand their Medicare Insurance options, SelectQuote can help you find the right Medicare Supplement Insurance plan to meet your needs.
To ensure you are getting all the benefits you need, call to speak with a licensed insurance agent or complete your online form today. Let our team simplify the Medicare enrollment process by comparing rates and independently shopping insurance companies to help you find an affordable option that meets your unique needs.

Looking for an affordable Medicare plan? Let us help.

phone

Call SelectQuote

Work with one of our licensed insurance agents to get answers to your Medicare questions, unbiased comparisons of coverage and resources to simplify the entire process. Call 1-833-574-3011 (TTY: 1-877-486-2048) to get started.

mobile