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Understanding COBRA Insurance in New Mexico

There are options available if a person’s work health insurance ends, including Mini-COBRA Continuation Coverage in New Mexico and Federal COBRA. In certain situations, such as a job loss or a reduction in hours worked, these programs enable the individual to maintain their current health coverage.

COBRA Eligibility

New Mexico Allows

COBRA Alternative:
Save Up To 70%

Term Health Insurance
Starting At
Covers An Insurance Gap
Until Your Next Work Health Plan Starts

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*Based on age and state availability

Continuing Health Insurance Coverage In New Mexico

Please choose:

No Pre-Existing Conditions
Term Medical Gap Coverage

Available in some states, as low as $44/month

Coverage For
Pre-Existing Conditions

$400 – 700/month per individual

Nearing Retirement Age

Learn about Medicare Advantage

New Mexico’s Mini-COBRA Law

New Mexico statute, 59A-18-16 NMSA 1978, is a state law that regulates continuation of health insurance coverage for employees who have lost their jobs or had their hours reduced. This law requires employers with two or more employees to offer continuation coverage to eligible employees and their dependents for up to 18 months after the qualifying event, such as termination or reduction in hours.

The continuation coverage must be comparable to the coverage that the employee had before the qualifying event, and the employee is responsible for paying the premiums. Employers must also provide notice of the right to continuation coverage within 14 days of the qualifying event.

Source: State Of New Mexico – Section 59A-18-16

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Applying For COBRA Health Insurance For Pre-Existing Conditions In New Mexico

Sticking with your workplace insurance via COBRA is smart if you frequently see a doctor or rely on prescription medications. After all, it’s the same health plan you’re already familiar with.   Your deductibles won’t reset, as your coverage will simply pick up from the date it ended. No need to start all over again.

Apply For COBRA

Employer Has 20+ Employees

You may continue your most recent work health insurance for up to 18 months as an employee. Family members may access the plan for up to 36 months.

You sign up for COBRA with your former employer or their third party. The premium will be $400 – 700 / month, per insured person.

New Mexico Mini-COBRA

Employer Has Less Than 20 Employees

Qualifying Events For New Mexico Mini-COBRA
  • Death of a spouse
  • Termination of a spouse’s employment
    • Except for gross misconduct
  • Reduction in a spouse’s hours of employment
  • Divorce or legal separation
  • If a spouse becomes entitled to Medicare

Marketplace / Obamacare

A loss of work health insurance is a qualifying event to find new healthcare through the public healthcare exchange.

The average plan premium in New Mexico is $551 in 2023 according to qz.com.

View Affordable Care Act Plans

Gap Health Coverage In New Mexico

In New Mexico, you can cover the gap in your insurance with a private short-term health plan. These types of coverage offer major medical benefits for unanticipated accidents.

Accident Only Insurance with Telehealth

Coverage begins as early as midnight tonight.

Pre-existing Conditions Do Not Exclude You From Accident Only Coverage

Plans start at $44/month.
Based on age and state availability

Accidents happen, and the last thing you want to worry about is who or how the bills are going to get paid. With this plan, you can focus on getting care. CAM helps you and your family with the high cost of healthcare resulting from injury or accidents.

Includes Telehealth – Access to prescribing  doctors for common issues

Limited Indemnity with Telehealth

Includes Telehealth giving you access to prescribing doctors for common issues.

Core Health Insurance provides guaranteed acceptance Limited Indemnity Medical coverage for your basic medical needs, helping to provide a medical option for people who do not have the luxury of being covered by a comprehensive health insurance plan.

Coverage begins as early as midnight tonight.


After your workplace insurance ends, you’ll sign up for Medicare within 8 months.

In general, you can sign up for Part A and Part B starting three months before your 65th birthday and ending three months after your 65th birthday.

Learn more about Medicare deadlines and how Medicare Advantage plans can replace original Medicare at no cost to you.

COBRA Is Available In All 50 States

Employee continuation of health insurance coverage is not required in all states. When a state lacks laws governing the continuation of work-related medical benefits, the federal COBRA Act protects these rights. Find out more about your state.

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