Molina Healthcare is the best health insurance provider in New Mexico with Silver HMO plans averaging $593 per month. Blue Cross Blue Shield, UnitedHealthcare and Presbyterian Health Plan also rank among the leading providers.
Best Health Insurance in New Mexico (2026)
Updated: December 29, 2025
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Key Takeaways
Molina Healthcare is the best health insurance provider in New Mexico, offering affordable premiums with comprehensive coverage across all metal tiers.
Molina Healthcare offers the cheapest health insurance in New Mexico with Silver-tier HMO plans averaging $593 per month.
Compare quotes from multiple insurers, review coverage limits and deductibles and verify your doctors accept the plan before enrolling.
Best Health Insurance Companies in New Mexico
| Molina Healthcare | $593 | $9,300 | $4,800 | 4.7 | Molina Clear Cost Silver On Exchange |
| Blue Cross Blue Shield | $715 | $9,867 | $3,617 | 4.2 | Blue Community Silver HMO 203 - On Exchange |
| UnitedHealthcare of New Mexico, Inc. | $792 | $9,500 | $4,600 | 4.0 | UHC Silver Advantage On Exchange |
| Presbyterian Health Plan, Inc. | $832 | $9,725 | $5,900 | 3.6 | Silver Select $7,000 w/Gym with Limited Service Area |
*Our picks reflect the best companies for 40-year-olds seeking Silver-tier HMO plans. Rates vary by age and coverage level.
Molina Healthcare
MoneyGeek Rating
4.7/ 5
5/5Affordability
3.4/5Deductible
5/5MOOP
Average Monthly Rate
$593Average MOOP
$9,300Average Deductible
$4,800
Blue Cross Blue Shield
MoneyGeek Rating
4.2/ 5
4.5/5Affordability
5/5Deductible
2.5/5MOOP
Average Monthly Rate
$715Average MOOP
$9,867Average Deductible
$3,617
UnitedHealthcare
MoneyGeek Rating
4.0/ 5
4.2/5Affordability
3.7/5Deductible
3.9/5MOOP
Average Monthly Rate
$792Average MOOP
$9,500Average Deductible
$4,600
Best New Mexico Health Insurance by Age
New Mexico health insurance prices vary by age and network type. Silver-tier plan comparisons show clear category leaders:
By Age:
- Teens (18): Molina Healthcare HMO leads at $424 monthly
- Young adults (26): Molina Healthcare HMO costs $475 monthly
- Adults (40): Molina Healthcare HMO priced at $593 monthly
- Seniors (60): Molina Healthcare HMO runs $1,259 monthly
Molina Healthcare consistently offers the most affordable Silver-tier coverage across all age categories. The provider's Silver HMO plans include a $4,800 deductible and $9,300 out-of-pocket maximum. Seniors face the highest premiums, paying nearly three times more than teens for the same Silver-tier benefits.
Compare Health Insurance Companies in New Mexico
Monthly premiums, deductibles and out-of-pocket maximums vary significantly across metal tiers and providers. This table compares New Mexico health plans by age, coverage level and HSA eligibility.
Data filtered by:
HMO
Silver
40
No
| Molina Healthcare | $593 | HMO | Silver | $9,300 | $4,800 | 40 | No |
| Blue Cross Blue Shield | $715 | HMO | Silver | $9,867 | $3,617 | 40 | No |
| UnitedHealthcare of New Mexico, Inc. | $792 | HMO | Silver | $9,500 | $4,600 | 40 | No |
| Presbyterian Health Plan, Inc. | $832 | HMO | Silver | $9,725 | $5,900 | 40 | No |
*Some providers offer multiple plans of the same type and tier. Rates are based on company averages across all available plans for the given age, plan type and metal tier.
How to Find the Best Health Insurance in New Mexico
Finding the right health insurance in New Mexico involves comparing your coverage needs with provider quality and available enrollment periods.
Decide on your coverage needs before buying
Compare monthly premiums against out-of-pocket limits before choosing a plan. If you visit doctors frequently, higher monthly costs with lower maximum out-of-pocket limits often save money long-term. For those rarely needing care, lower-premium plans with higher out-of-pocket costs may work better. Review HMO, PPO and EPO plan types to understand network flexibility and referral requirements.
Compare company offerings and reputations
Research plan availability in your area and compare coverage terms, provider networks and benefits. Check insurer reputations through J.D. Power ratings and state complaint databases to assess customer service quality and claims handling satisfaction.
Shop around
Health insurance rates in New Mexico vary based on age, plan type, coverage level and other factors. Open Enrollment runs from November 1 to January 15. Special Enrollment applies after qualifying life events like job loss, divorce, marriage or having a child. Compare quotes from multiple insurers to find the best value.
Take advantage of federal programs and subsidies
New Mexico residents may qualify for federal premium tax credits, cost-sharing reductions or Medicaid based on income and household size. Some people qualify for $0 premium plans depending on eligibility. Medicare-eligible residents can explore Medicare Supplement and Medicare Advantage plans for additional coverage options.
Average Health Insurance Cost in New Mexico
New Mexico's marketplace offers HMO plans exclusively. Bronze HMO plans average $513 monthly. Silver plans cost $759 per month. Gold HMO plans run $712 monthly, less than Silver-tier coverage.
| HMO | $513 | $759 | $712 |
*Average monthly premiums for 40-year-olds in New Mexico by plan type. Rates vary by age and location.
Best Health Insurance in New Mexico: Bottom Line
Molina Healthcare, Blue Cross Blue Shield and UnitedHealthcare of New Mexico lead Silver-tier HMO coverage in the state. The best plan for you depends on your age, health needs, budget and preferred network. Get quotes from multiple insurers and compare premiums, deductibles and out-of-pocket maximums before choosing your coverage.
Best New Mexico Health Insurance: FAQ
Answers to frequently asked questions about the best health insurance in New Mexico:
Is health insurance required in New Mexico?
New Mexico doesn't require residents to have health insurance. The state has no mandate or penalty for being uninsured. However, residents can still access federal subsidies through the health insurance marketplace to make coverage more affordable if they qualify based on income.
When is open enrollment in New Mexico?
New Mexico's open enrollment period for 2026 health coverage begins November 1, 2025, and ends January 31, 2026. You must select your plan by December 31, 2025, to have coverage start January 1, 2026.
Can you get free health insurance in New Mexico?
New Mexico residents can access free health insurance through Medicaid if they meet income requirements. Many others qualify for marketplace subsidies that significantly reduce or eliminate monthly premiums. The state expanded Medicaid, making coverage available to more low-income adults and families.
How We Chose the Best Health Insurance in New Mexico
Our ranking system evaluates health insurance plans based on three cost factors: monthly premiums, maximum out-of-pocket limits and deductibles.
Scoring methodology:
- Monthly premium (60%): Plans with the cheapest average monthly costs earn the highest scores.
- Maximum out-of-pocket (MOOP) score (20%): MOOP is the most you'll pay for covered services in a year, not including premiums. Insurers with lower MOOP limits receive better ratings.
- Deductible (20%): Your deductible is how much you pay for covered care before insurance starts paying. Plans with lower deductibles score higher.
We standardized all scores within each filter group. The best Silver HMO plan receives a 5.0 rating, with other plans scored relative to that top performer.
MoneyGeek examined every 2026 health plan offered in New Mexico for people ages 18, 26, 40, 50 and 60. Premium costs shown reflect 40-year-old rates unless stated otherwise. Our analysis covers all metal levels: Catastrophic, Bronze, Expanded Bronze, Silver, Gold and Platinum.
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About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.