Quick answer
In 2026, the benchmark silver plan on beWellnm averaged $623 a month for a 40-year-old before subsidies, just under the U.S. average of $625. After federal tax credits, the average enrollee paid $299 a month, and New Mexico’s own premium assistance cut that further for most people who got a federal credit. State regulators approved an average 24.4% increase for 2027 before subsidies, and the state says its premium help will continue next year.
Key takeaways
- At $623 a month before subsidies, New Mexico’s 2026 benchmark plan for a 40-year-old cost almost exactly the national average of $625.
- 83,103 New Mexicans picked a plan for 2026, up 18% from 2025, while Marketplace sign-ups fell about 5% nationwide.
- The Office of Superintendent of Insurance approved an average 24.4% increase for 2027, well above the roughly 15% median increase insurers proposed nationally.
- For 2026, New Mexico used state money to replace the federal help lost when the enhanced tax credits expired. The state says its help continues for 2027, but it hadn’t published the 2027 details as of late September 2026.
- All four insurers from 2026 are coming back for 2027: Blue Cross Blue Shield of New Mexico, Molina, Presbyterian and UnitedHealthcare.
On this page
What a New Mexico Marketplace plan costs before subsidies
| Age | Benchmark silver plan, per month (2026 estimate) |
|---|---|
| 21 | $487 |
| 30 | $553 |
| 40 | $623 |
| 50 | $871 |
| 60 | $1,323 |
| 64 | $1,462 |
| Child under 15 | $373 |
Two 40-year-old parents with two young children would pay about $1,992 a month for benchmark coverage at full price.
Full prices have climbed quickly. Across every plan New Mexicans picked, the average premium before tax credits was $842 a month in 2026, up from $657 in 2025.
What you’d pay after tax credits
A premium tax credit limits what you pay for the benchmark plan to a set share of your income if your household earns between 100% and 400% of the federal poverty level. A single 40-year-old in New Mexico earning $40,000 would owe about $287 a month for the benchmark plan in 2026, with a federal credit of about $336. For 2027, that person’s share of the benchmark would be about $289 a month.
Those figures are before New Mexico’s own premium assistance, which lowers monthly premiums for most people who qualify for the federal credit. For 2026, KFF reported that BeWell would replace all of the federal help lost when the enhanced credits expired for incomes up to 400% of the poverty level, and cap benchmark premiums at 8.5% of income for people above that line. The federal credit itself still stops at 400% of the poverty level ($62,600 for one person for 2026 coverage, $63,840 for 2027).
Members of federally recognized tribes can also get Native American Premium Assistance, which offers no-cost premium options up to 300% of the poverty level and reduced premiums from 300% to 400%.
If your income is lower, look at Medicaid first. New Mexico expanded Medicaid, so adults earning up to 138% of the poverty level (about $22,025 a year for one person in 2026) usually qualify. More on those choices: health insurance for low-income families.
Costs beyond the premium
Your plan’s deductible, copays and coinsurance set what you pay when you get care, up to the out-of-pocket maximum: $10,600 for one person in 2026 and $12,000 in 2027. Silver plans come with cost-sharing reductions if your income is under 250% of the poverty level.
New Mexico goes further with Turquoise plans, which use state money to cut deductibles, copays and coinsurance. In 2026, that extra help reached incomes up to 400% of the poverty level, well past the federal 250% cutoff.
New Mexico Marketplace facts
- Marketplace: beWellnm, the state’s own exchange. New Mexicans don’t use HealthCare.gov.
- Enrollment: 83,103 plan selections for 2026, a record, up from 70,373 in 2025. 83% got federal financial help, and the average premium after federal tax credits was $299 a month before any state assistance.
- Insurers: Blue Cross Blue Shield of New Mexico, Molina Healthcare of New Mexico, Presbyterian Health Plan and UnitedHealthcare of New Mexico sold 2026 plans, and all four will continue for 2027.
- 2027 prices: Approved. The Office of Superintendent of Insurance approved an average 24.4% increase before subsidies on September 1, 2026, calling the rates “actuarially sound.” By insurer, increases range from 14.6% (Presbyterian) to 30.4% (Molina).
- State help: The Health Care Affordability Fund pays for New Mexico’s premium assistance, Turquoise plans and Native American Premium Assistance. The state says 92% of BeWell enrollees are eligible for state and federal premium subsidies based on income. It says the help continues for 2027, though the 2027 details hadn’t been published as of late September 2026.
- Medicaid: Turquoise Care has been the state’s Medicaid managed-care program since July 2024. Adults qualify up to 138% of the poverty level, and children up to 305% for kids under 6 and 245% for ages 6 to 18. Many adults ages 19 to 64 will need to meet federal work requirements starting January 1, 2027. See Medicaid work requirements.
When to enroll
Open enrollment for 2027 coverage on beWellnm runs from November 1, 2026 to January 15, 2027. Check beWellnm for the date you need to pick a plan by if you want coverage to start January 1. If the window closes before you sign up, see what to do if you missed open enrollment.
Other options in New Mexico
- A plan through your job, which usually costs you less than buying on your own.
- Turquoise Care Medicaid for adults up to 138% of the poverty level, and for children and pregnant people at higher incomes.
- Native American Premium Assistance for tribal members who buy through beWellnm.
- Medicare at 65.
Short-term health insurance isn’t sold in New Mexico, so it isn’t a fallback if you miss open enrollment.
Health insurance costs in nearby states: Arizona, Colorado, Oklahoma, Texas and Utah. You can also compare health insurance costs in every state.
See what 2027 plans cost in your New Mexico county: compare quotes by ZIP code.
Frequently asked questions
How much is health insurance in New Mexico per month?
Before subsidies, the 2026 benchmark silver plan for a 40-year-old averaged $623 a month. After federal tax credits, the average beWellnm enrollee paid $299 a month in 2026, and state premium assistance brought that down further for most people who got a federal credit.
Does New Mexico help pay for health insurance?
Yes. New Mexico’s Health Care Affordability Fund pays for state premium assistance and lower-cost Turquoise plans, and in 2026 it made up for the enhanced federal credits that expired. The state says the help continues in 2027, but it hadn’t published the 2027 details as of late September 2026.
How much are New Mexico premiums going up in 2027?
Regulators approved an average increase of 24.4% before subsidies, ranging from 14.6% for Presbyterian to 30.4% for Molina. If you get a tax credit, your own change depends on your income and how your plan’s price moves compared with the benchmark.
When can I sign up for a beWellnm plan?
November 1, 2026 to January 15, 2027, through beWellnm. Check beWellnm for the sign-up deadline for coverage that starts January 1.
Sources
- New Mexico Office of Superintendent of Insurance: New Mexico announces rates for 2027 ACA plans
- healthinsurance.org: New Mexico Health Insurance Marketplace
- KFF: State-based efforts will provide limited relief from enhanced tax credit expiration
- New Mexico Health Care Authority: Medicaid changes
- KFF: Marketplace average benchmark premiums
- KFF: Marketplace average premiums and average APTC
This article is general information, not insurance or tax advice. Your premium and any state help depend on your income, age, county and plan, and New Mexico’s 2027 assistance amounts weren’t final when this was written. Last reviewed September 2026.