New Mexico Pledges To Backfill 100% Of Lost Federal ACA Subsidies

The New Mexico Office of the Superintendent of Insurance (OSI) has approved 2026 rates for individual market Affordable Care Act (ACA) plans sold on and off BeWell, the New Mexico Health Insurance Marketplace, with an average increase of 35.7%, the state announced. Currently, 75,000 New Mexicans buy health insurance through BeWell and 88% of enrollees qualify for federal and state premium assistance, according to the announcement. If Congress allows enhanced federal premium tax credits to expire, New Mexico’s Health Care Affordability Fund (HCAF) will cover the loss of them for households with income under 400% of the . . .