BROKER BLOG

BeWellnm Announces Increased Financial Assistance and Reduced Health Insurance Premiums with New Federal Law

March 15, 2021
Many New Mexicans Qualify for Federal Premium Subsidies, which can Provide Health Insurance at No Cost through the Affordable Care Act (ACA) Insurance Marketplace
 
Albuquerque, N.M. (March 15, 2021) – BeWellnm, the New Mexico Health Insurance Exchange, announces the increase in financial assistance on the federal health insurance premium subsidies for the Affordable Care Act (ACA) insurance marketplace, part of American Rescue Plan (ARP).  The additional subsidies provide uninsured and insured New Mexicans with a new opportunity to find affordable coverage.
 
“As a result of the relief package becoming law, starting April 1 thousands of uninsured New Mexicans can receive greatly reduced health insurance premiums and many will qualify for premiums at no cost,” said Jeffery Bustamante, CEO for beWellnm.  “BeWellnm encourages all New Mexicans to take advantage of our free local help and begin the enrollment process as soon as possible.  This includes people already signed up for coverage with beWellnm, who should also contact us to explore their options.  The special enrollment period is only open for a limited time.” 
 
Individuals who make less than $20,000 per year could have their monthly payments eliminated completely.  BeWellnm’s team of certified assisters are available to help explain the health insurance options and find the most affordable plan available. 
 
“If you are considering taking advantage of the reduced premiums and enrolling in health insurance, call 1-833-862-3935 for assistance or visit beWellnm.com and schedule a virtual appointment.  All plans cover the 10 essential benefits such as doctor visits, hospital stays, maternity care, emergency room care, prescriptions, and more,” said Bustamante.  Federal law and regulations provide protections against preexisting condition exclusions in health insurance coverage.  Health plans must permit New Mexicans to enroll regardless of health status, age, gender, or other factors that may predict the use of health services.
 
-- more --