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Sat November 2, 2013
Health Plans Ending For 26,000 New Mexicans
Insurance officials say nearly 26,000 New Mexicans are having their health plans terminated at the end of the year because they fail to provide expanded benefits and other coverage mandated by a federal health care law.
State Insurance Superintendent John Franchini estimated most individual policyholders will pay an average of 35 percent more for new insurance coverage, but will have greater health care benefits.
Individuals can buy new coverage directly from a private insurer if they don't want to shop through a federally operated health insurance exchange.
Presbyterian Health Plan has sent letters to its 23,000 individual policyholders informing them that their policies will end and outlining options for buying new health plans.
Lovelace Health Plan has notified 2,900 individuals their plans are being discontinued.
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