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443 Thousand Medicare Beneficiaries in New Mexico, supported by 16 Medicare Carriers and 27 Medicare Advantage Plans

Affordable Medicare Options for 442,506 New Mexico residents

Medicare enrollees in New Mexico have the flexibility to choose from a broad selection of Medicare options.

Original Medicare: 54.1% (239,438) have Original Medicare (Part A and Part B).

Medicare Advantage: 45.9% (203,068) opt to enroll in the increasingly popular Medicare Advantage plans provided by Medicare-approved private companies and insurance carriers operating in New Mexico.

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How to Find the Best Medicare Plan in New Mexico That Meets Your Healthcare & Prescription Drug Plan Needs

Medicare is not one-size-fits-all. A Medicare enrollee in one city may have entirely different hospital and pharmacy preferences than someone in another. Medicare also supports different types of beneficiaries in New Mexico. For example, 86.7% (383,786) of New Mexico Medicare beneficiaries are age 65 and older; whereas 13.3% (58,720) are under the age of 65 and on disability. Just as your personal healthcare needs may change from year to year, Medicare plans in New Mexico are always changing.

Medicare Advantage Plans in New Mexico

In the New Mexico Medicare coverage area, there are 16 different Medicare Advantage carriers, many of which provide multiple plans including a prescription drug component. Depending on your budget, Medicare eligibility, healthcare needs, and your preferred doctors, pharmacies and other coverage preferences, available plan types in New Mexico may include: HMO, PPO, PFFS (Private fee-for-service), and SNP (Special Needs Plans).

Average Cost of Medicare Advantage Plans in New Mexico

Medicare enrollees in New Mexico have the flexibility to choose from a broad selection of Medicare options. Of New Mexico’s Medicare enrollees, 54.1% (239,438) have Original Medicare (Part A and Part B). 45.9% (203,068) of New Mexico’s Medicare population are opting to enroll in the increasingly popular Medicare Advantage plans provided by Medicare-approved private companies and insurance carriers.

  • New Mexico’s Average Monthly Premium: $71.59
  • New Mexico’s Average Annual Drug Deductible: $300.85
  • New Mexico’s Average In-Network Out-of-Pocket Spending Limit: $6,708.87
  • New Mexico’s Average Star Rating for Local Available Plans: 4.3 (Out of 5)

*Metrics reported only on MA plans that have a monthly premium, deductibles, and star rating metrics that are available and as reported by the CMS. Monthly Premium is a Consolidated Premium which includes Part C and D. Drug Deductible metric includes both Enhanced and Basic. Enhanced plans charge higher monthly premiums than basic plans but typically offer a wider range of benefits.

Eliminate the Guesswork: Review Medicare Plans Available in New Mexico with a Licensed Insurance Agent

In New Mexico the availability and costs of Medicare plan options vary from one insurance company to another. TrustMedicare.com partners with experienced licensed insurance agents, brokers, and insurance companies to help you to easily compare a range of Medicare Advantage, Medicare Supplement and Prescription Drug Plans that are right for your healthcare needs, budget, and eligibility.

New Mexico Medicare Advantage Leaders

# New Mexico Medicare Advantage (MA) Enrollees (% of MA Market)
  1. Presbyterian Healthcare Services 55,351 (27.14%)
  2. UnitedHealth Group 53,922 (26.44%)
  3. Humana 49,239 (24.14%)
  4. Health Care Service 16,760 (8.22%)
  5. CVS Health 8,073 (3.96%)
  6. Centene Corporation 7,574 (3.71%)
  7. Molina Healthcare 4,062 (1.99%)
  8. CIGNA 3,625 (1.78%)
  9. Anthem 3,518 (1.72%)
  10. CHRISTUS Health 1,013 (0.50%)

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Medicare Information By County