New Mexico Insurance
New Mexico Insurance Quotes
New Mexico laws governing health insurance offer significant consumer protection. There are restrictions on New Mexico insurance companies that seek to refuse paying claims and/or cancelling health insurance policies on the basis of omissions or mistakes on customers' initial application for coverage. For individuals who lose group plan coverage and apply for a new plan within 63 days, the period during which they did not receive coverage is applied towards any waiting periods imposed on pre-existing conditions. New Mexico insurance requirements grant health insurance policyholders more time in seeking alternative coverage.
State health plans must cover the following benefits:
New Mexico health plans must offer the following benefits as optional supplements to customers' policies: 1) home health care and 2) alcoholism treatment. New Mexico carriers may review an applicant's medical record for the last six months and deny coverage of pre-existing conditions for a period of six months following purchase of the policy. Residents who, due to a history or presence of a medical condition, cannot obtain coverage from a private insurer or lack access to a group health plan offered by an employer, may be eligible for the state's high-risk insurance pool. New Mexico sets the premium cap on its health insurance pool at 150 percent. Pursuant to the state's prompt-pay law, insurance claims must be paid in 45 days.
Consumers can comparison-shop for the optimal policy and rate from the comfort of their home by requesting online New Mexico insurance quotes. Numerous websites offer visitors the opportunity to obtain instant quotes from multiple top-rated insurers and on a wide variety of insurance products such as 1) title insurance, 2) mobile home insurance, 3) business owner's insurance, 4) boat insurance, 5) Medicare Supplemental insurance, 6) term life insurance, 7) disability insurance, 8) condo insurance, 9) and earthquake insurance.