# New Mexico — State health insurance marketplace assistance by state: who runs it, where subsidies start and stop, and what the state adds

For New Mexico, marketplace type is State-based marketplace; marketplace name is BeWell, New Mexico's Health Insurance Marketplace; marketplace website is https://bewellnm.com/; medicaid expansion adopted is yes; where premium tax credit eligibility starts is 138% of the federal poverty line, recorded from its source on 2026-08-14.

- **State:** New Mexico _(verified: appears in the quote below)_
- **Marketplace type:** State-based marketplace
- **Marketplace name:** BeWell, New Mexico's Health Insurance Marketplace
- **Marketplace website:** https://bewellnm.com/ _(verified: appears in the quote below)_
- **Medicaid expansion adopted:** yes
- **Where premium tax credit eligibility starts:** 138% of the federal poverty line _(our reading, not quoted from the source)_
- **Coverage gap below the poverty line:** no _(our reading, not quoted from the source)_
- **State premium assistance programme:** New Mexico Premium Assistance _(verified: appears in the quote below)_
- **Income range for state assistance:** all income levels, including above 400% of the federal poverty level
- **State assistance above 400% of the poverty line:** yes
- **What the state programme pays:** backfills the full loss of the enhanced federal credit, meaning no disruptions in coverage or cliffs for financial assistance
- **State cost-sharing programme:** State Out-of-Pocket Assistance (SOPA)
- **Basic Health Program:** none
- **State individual mandate:** no _(verified: appears in the quote below)_

## What the source says

> meaning no disruptions in coverage or “cliffs” for financial assistance. The state budget also commits funding for lawfully present noncitizens who will lose Medicaid this fall as a result of their citizenship status. BeWell and the Health Care Authority will share more details about this assistance soon. House Bill 4, sponsored by Representative Reena Szczepanski, will phase in higher amounts of revenue from the Health Insurance Premium Surtax to the Health Care Affordability Fund by 2029. This means there will be resources in the fund to continue state subsidies and keep marketplace coverage affordable for years to come! October 2025 changes During an October special legislative session called by Governor Michelle Lujan Grisham, New Mexico lawmakers passed the following legislation for a 6-month temporary fix. The 2026 legislative session begins in January and we expect lawmakers will be discussing subsidies and possible extensions. If you are getting federal subsidies now, and they are set to expire in 2025, you will have your savings covered by the State of New Mexico. <https://bewellnm.com/appointment> Connect with a certified assister who can answer your questions for free. Allows New Mexicans with incomes over <https://bewellnm.com/answers/fpl-chart/> 400% of the federal poverty level (FPL) to receive New Mexico Premium Assistance to backfill the loss of enhanced premium tax credits (EPTC) if the federal credits expire at the end of the year.

## Source

- https://bewellnm.com/answers/federal-changes/

Last verified: 2026-08-14. Review by: 2026-12-12.
Part of [State health insurance marketplace assistance by state: who runs it, where subsidies start and stop, and what the state adds](https://referencesource.org/state-marketplace-assistance-programs/).