Businesses Enroll With NM Health Exchange

Nov 3, 2013

Hundreds of small businesses have signed up with New Mexico's new health insurance exchange.

Exchange officials say a total of 925 small-business owners opened accounts during the first full month of operation of the Small Business Health Options Program. About one third of those businesses have completed enrollment.

Under the system, employers can choose among four categories of plans, with the so-called bronze plans having the lowest premiums but the highest out-of-pocket costs.

Enrollment will continue on a rolling monthly basis, but the Santa Fe New Mexican reports many business owners are still weighing how the program will affect their employees and their bottom line.

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