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There are 545 different New Mexico Medicare Advantage plans in 2023.1 Not every plan is available in each county, so it's important to find out which ones are offered where you live.
A licensed insurance agent can help you compare the availability, benefits and costs of Medicare Advantage plans in your area of New Mexico. You can also learn more about Medicare Advantage in New Mexico by reading below.
The average premium for a Medicare Advantage Plan with prescription drug coverage in New Mexico is just $9.69 per month in 2023, and you may be able to find plans that feature $0 premiums. Plus, the average medical deductible for New Mexico plans is $0 in 2023.1
The cost of a Medicare Advantage plan can vary depending on where you live. A licensed insurance agent can help you compare Medicare Advantage plan costs in your area.
Compare New Mexico Medicare Advantage plan costs
Compare PlansOr call TTY Users: 711 to speak with a licensed insurance agent. We accept calls 24/7!
You may not sign up for a Medicare Advantage plan in New Mexico without first enrolling in Medicare Part A and Part B, otherwise known as Original Medicare.
In order to enroll in Original Medicare at age 65, you must:
You may be eligible for Medicare benefits before you reach age 65 if:
If you have ESRD, you may be able to apply for a Medicare Advantage plan or a New Mexico Medicare Special Needs Plan (SNP) that is specifically designed to help meet your health care needs.
You can typically enroll in a New Mexico Medicare Part C plan during your Medicare Initial Enrollment Period (IEP).
Your Medicare IEP starts three months before your 65th birthday, continues during the month of your 65th birthday and then continues for another three months after your birthday.
You may also be able to sign up for a Medicare Advantage plan during the following Medicare enrollment periods:
Medicare Advantage Open Enrollment Period: January 1 – March 31
During the Medicare Advantage Open Enrollment Period, you may switch Medicare Advantage plans or drop your Medicare Advantage plan and return to Original Medicare.
If you return to Original Medicare during this period, you can typically also join a Medicare standalone prescription drug plan (Medicare Part D).
Fall Medicare Open Enrollment Period (AEP): October 15 – December 7
From October 15 to December 7 every year, you may enroll in a Medicare Advantage plan or switch from one Medicare Advantage plan to another.
During this fall Medicare open enrollment period, also called the Annual Enrollment Period or AEP, you may also drop your existing Medicare Advantage plan and return to Original Medicare.
You may also join, switch or drop a Medicare Part D plan during AEP.
You may potentially be granted a Medicare Special Enrollment Period (SEP) at any time throughout the year, but only if you meet certain criteria.
A licensed insurance agent can help you find out if you qualify for a Medicare Special Enrollment Period.
Find $0 premium New Mexico Medicare Advantage plans today
Compare PlansOr call TTY Users: 711 to speak with a licensed insurance agent. We accept calls 24/7!
The Centers for Medicare & Medicaid Services (CMS) issues Star Ratings every year to show how each Medicare Advantage plan rates across several key areas, using a system of one to five stars.
In order for a Medicare Advantage plan to be considered a top-rated plan, it must have four or more stars out of five stars.
35.8% of Medicare Advantage plans in New Mexico that include prescription drug benefits are rated four stars or higher in 2023.2
Star Ratings | |
---|---|
★★★★★ |
Excellent |
★★★★ |
Above Average |
★★★ |
Average |
★★ |
Below Average |
★ |
Poor |
Medicare Advantage plans are rated based on the following five categories:
The information for the star ratings is gathered from information that is submitted to Medicare, Medicare’s regular monitoring activities and member surveys.
To view a list of plans offered in your area within New Mexico, use our plan comparison tool.
Find $0 premium New Mexico Medicare Advantage plans today
Compare PlansOr call TTY Users: 711 to speak with a licensed insurance agent. We accept calls 24/7!
Several insurance companies may offer Medicare Advantage plans in New Mexico, but the availability of plans in your area can depend on where you live.
Private insurance companies offer Medicare Advantage plans that may be unique to the plan area they serve.
You can call and speak with a licensed insurance agent to learn more about the Medicare Advantage plans that are sold by insurance companies in your area.
The following information can also help you learn more about plans as you're shopping for a Medicare Advantage option that fits your needs:
Learn more about 2023 New Mexico Medicare Advantage plans by county.
The major types of Medicare Advantage plans include:
Not all of these types of plans may be available in your area. A licensed insurance agent can help you compare the types of 2023 New Mexico Medicare Advantage plans that are available where you live.
1 MedicareAdvantage.com's The Best States for Medicare report.
2 Medicare evaluates plans based on a 5-star rating system.
Compare your Medigap plan options by visiting MedicareSupplement.com
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