Tag: New Mexico

Health insurance exchange moves a step forward in New Mexico

Logan B.
Capital Building Santa Fe New Mexico health insurance

Health insurance plans see progress New Mexico is moving one step closer to establishing a state-run health insurance exchange. The effort has received support from both Democrats and Republicans who consider the state’s running its own health insurance exchange could be in the best interests of New Mexico residents. A proposal for the exchange has was the approval of state lawmakers and is now on track to form an operational health insurance exchange that could begin selling policies by October of this year, complying with federal regulations outlined in the…

Read More

New Mexico Medicaid to be expanded

New Mexico Medicade Susana Martinez Governor of NM

New Mexico Medicaid system will be expanded to accommodate more people Last week, New Mexico Governor Susana Martinez announced the state’s commitment to expanding its Medicaid program in a move to better align the state with the Affordable Care Act. Per the federal law, states have the option to expand their Medicaid programs in order to make them more accessible to a wider range of people. New Mexico is keen to address some of the issues concerning the lack of health insurance coverage among low-income individuals and families by ensuring…

Read More

Unemployment insurance gets and overhaul in New Mexico

Dan
Unemployment Insurance North Carolina

Unemployment insurance system of New Mexico to receive an upgrade New Mexico is set to launch a new Unemployment Insurance Tax & Claims system that could help improve the efficiency and integrity of the state’s unemployment insurance program. The system will be launched by the Department of Workforce Solutions, and will help the agency prevent, detect, and recover from illegitimate unemployment insurance payouts that may have been issued due to fraud. The system has won the approval of Governor Susana Martinez, who is eager to welcome the system to the…

Read More

New Mexico to establish new insurance regulation structure

Marc
New Mexico health Insurance Regulation Structure

New Mexico aims for new regulatory structure for the insurance industry The New Mexico government is preparing to enroll tens of thousands of residents into new health insurance plans and this has spurred state lawmakers to make changes to regulations that oversee the insurance market. Earlier this month, New Mexico voters approved a change to the state’s constitution. According to the change, insurance companies will no longer be regulated by the Public Regulation Commission. Next July, these companies will fall under the regulatory authority of the Office of the Superintendent…

Read More

Life insurance company pursued by New Mexico officials

Insurance industry News

The insurer is currently at risk of being shut down if it doesn’t make its payments. Officials in New Mexico are currently working to collect over $100,000 from a life insurance company that has previously stated that it will not make payments to two deceased state employees who had been paying for this coverage. The insurer, which is based in Oregon, has stated that a lack of medical history form prevents the payment. According to Ed Burckle, the General Services Department Secretary, the reason that the life insurance company will…

Read More

New Mexico employees to see rise in health insurance premiums

S.Vagus
Governor Susana Martinez

Governor proposes hike in health insurance premiums New Mexico workers may be seeing their health insurance premiums spike next year if a new proposal from Governor Susana Martinez wins favor with lawmakers. The proposal aims to increase the rates for worker’s health insurance plans by 15% in an effort to avoid the complete bankruptcy of the state’s health insurance fund. The fund is currently scheduled to run out of money in the next budget year, but higher premiums are expected to remedy the issue handily. State employees will see an…

Read More

NM cattle ranchers battle new federal drought protection policy

Nordstrom

Cattle ranchers in New Mexico are up in arms over a new federal insurance policy that they purchased under the belief that it would provide them with drought protection, but that isn’t helping them because satellites are reporting that there is still too much “greenness” in the state. The primary problem is that there isn’t any grass for the livestock to consume. In fact, this year the conditions are so devastating that cattle ranchers have been selling their animals in record numbers because they can’t afford to purchase their feed.…

Read More