The Best New Mexico Medicare Supplement Plans (2022)

If you're shopping for the best Medicare Supplement (Medigap) plan in New Mexico, there are 10 options to choose from. However, the one you choose will be determined, in part, by when you became eligible.

The best Medigap provider in New Mexico is Cigna. Medicare Advantage Plans in New Mexico take the place of Original Medicare and all of its features. Therefore, you can't have both Medigap and Medicare Advantage at the same time.

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Last Updated: 6/23/2022
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In New Mexico, 65-year-olds pay an average of $120 per month for Medicare Supplement Plans, while 75-year-olds pay an average of $181.

Plans F and G are the most popular because of their broad coverage. They cost, on average, $186.98 and $122.10 per month, respectively. Plan F, on the other hand, can be purchased only if you were eligible for Medicare before 2020.

In comparison to Plans F and G, Plan N offers similar coverage at an extra fee. 65-year-olds pay an average monthly premium of $107.20, while 75-year-olds pay an average monthly premium of $158.44.

MoneyGeek determined the rankings of these three plans based on their average rates and benefits. Additional information on various plan types and coverages is available in our guide to help you choose the best Medicare Supplement plan in New Mexico.

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Best Medicare Supplement Plans in New Mexico

Best Medicare Supplement Plan G in New Mexico

Cigna offers the cheapest Medicare Supplement Plan G in New Mexico, with an average monthly cost of $126.51. Keep in mind that MoneyGeek only analyzed companies that provide online quotes. However, there are other companies in New Mexico that may not provide online quotes yet could offer more affordable prices.

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MoneyGeek Top Pick
Cigna Medicare
  • MoneyGeek Score: 90 out of 100
  • Average Monthly Rate: $126.51

In New Mexico, Medigap Plan G from Cigna costs an average of $126.51 per month, slightly less than the state's average of $149.90 per month. Plan G from Cigna offers various benefits, including Foreign Travel Emergency coverage for individuals traveling overseas. This gives you coverage if you need medical care when you are traveling outside of the United States.

MORE ABOUT PLAN G IN NEW MEXICO

Navigate to learn more about Medigap Plan G in New Mexico, including how much it costs on average, what providers are available and what it covers.

The Cost of Medicare Supplement Plan G in New Mexico

Medicare supplement Plan G costs an average of $149.90 per month in New Mexico. Meanwhile, Humana, the cheapest provider, charges an average monthly premium of $105 for a 65-year-old, while Aetna, the most costly provider, charges an average monthly premium of $144.90. This demonstrates that through comparison shopping, you may save almost $40 per month.

However, the prices shown here are for a 65-year-old Medicare purchaser. Your actual Plan G costs will vary based on your age at the time of purchase, your current age, any discounts and underwriting factors.

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  • Company
    Sample Monthly Rate
  • Humana
    $105
  • Cigna
    $127
  • UnitedHealthcare
    $129
  • Aetna
    $145

Providers Offering Plan G in New Mexico

In New Mexico, 29 carriers provide Plan G. However, not all of them offer online quotes. MoneyGeek compiled a list of all Medicare Supplement plan providers in New Mexico to help you find one that meets your requirements. Additionally, MoneyGeek outlines the pricing structure of each service, allowing you to decide which providers may charge you more based on your age.

Providers Offering Plan G in New Mexico

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  • Company
    Contact Number
    Pricing Style
  • Aetna
    800-358-8749
    Attained Age
  • Liberty Bankers
    1-833-504-0331
    Attained Age
  • AFSLIC
    1-866-951-0686
    Attained Age
  • Bankers Fidelity
    1-866-458-7504
    Attained Age
  • HCSC
    312-653-6000
    Attained Age
  • Catholic Life Insurance
    800-262-2548
    Attained Age
  • Cigna
    1-855-891-9368
    Attained Age
  • Colonial Penn
    1-877-877-8052
    Attained Age

What Does Plan G Cover?

All Medigap insurance, including Plan G, are standardized and must meet certain coverage requirements. However, Plan G does not pay Part B deductibles and only covers around 80% of overseas travel expenses within the limits of your plan.

Additionally, some companies provide additional benefits in addition to basic coverage. Cigna, for example, offers emergency coverage for overseas travel.

Required Benefits of Plan G in New Mexico
  • Medigap Benefit
    Does Plan G Cover?
  • Part A co-insurance and hospital costs up to an additional 365 days after Medicare benefits are used up
    Yes
  • Part B co-insurance or copayment
    Yes
  • Blood (first 3 pints)
    Yes
  • Part A hospice care co-insurance or copayment
    Yes
  • Skilled nursing facility care co-insurance
    Yes
  • Part A deductible
    Yes
  • Part B deductible
    No
  • Part B excess charge
    Yes
  • Foreign travel exchange (up to plan limits)
    80%

Best Medicare Supplement Plan F in New Mexico

Cigna offers the best Medicare supplement Plan F in New Mexico, with an average monthly cost of $182.29. The insurer also offers a high-deductible Plan F, which may bring your monthly payments down to $50.93.

Remember that MoneyGeek only gathered information from New Mexico companies that provide online quotes. However, there might be other New Mexico-based companies that provide cheaper rates than those that offer online quotes.

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MoneyGeek Top Pick
Cigna Medicare
  • MoneyGeek Score: 90 out of 100
  • Average Monthly Rate: $182.29

Plan F from Cigna costs an average of $182.29 per month, which is around $4.71 less than the average monthly cost of the plan in New Mexico. In addition, the company offers other services such as the Healthy Rewards Program, Health Information Line and Foreign Travel Emergency.

Another attractive option for seniors on a tight budget is Cigna's high-deductible Plan F, which may reduce monthly premiums to an average of $50.93 per month. This means you’ll pay a $2,490 deductible and pay for Medicare-related expenses such as coinsurance, copayments and deductibles out of your own pocket until you reach that level.

MORE ABOUT PLAN F IN NEW MEXICO

Navigate to learn more about Medigap Plan F in New Mexico, including how much it costs on average, what providers are available and what it covers.

The Cost of Medicare Supplement Plan F in New Mexico

The average monthly cost of a Medicare Supplement Plan F in New Mexico is $187. Variations in rates throughout the state can be caused by your age, the provider and discounts.

Cigna offers the lowest monthly Medigap Plan F premium in the state, at roughly $116.60 for 75-year-olds, while UnitedHealthcare has the highest monthly premium, at around $288.80. There is an approximately $172.20 difference for the same plan.

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65

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  • Company
    Sample Monthly Rate
  • Aetna
    $175

Providers Offering Plan F in New Mexico

Thirty providers in New Mexico offer Medigap Plan F. However, not all of them provide online quotes. Use the contact information provided by MoneyGeek below to get an estimate from these carriers. Companies that are likely to charge you more because of your age are shown in pricing style.

Providers Offering Plan F in New Mexico

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  • Company
    Contact Number
    Pricing Style
  • Aetna
    800-358-8749
    Attained Age
  • Liberty Bankers
    1-833-504-0331
    Attained Age
  • AFSLIC
    1-866-951-0686
    Attained Age
  • Bankers Fidelity
    1-866-458-7504
    Attained Age
  • HCSC
    312-653-6000
    Attained Age
  • Catholic Life Insurance
    800-262-2548
    Attained Age
  • Cigna
    1-855-891-9368
    Attained Age
  • Colonial Penn
    1-877-877-8052
    Attained Age

What Does Plan F Cover?

Plan F, like other Medigap policies, is standardized and must offer certain benefits. Although Plan F offers extensive coverage, it only covers 80% of overseas travel exchange within your plan's limits. Additional Plan F benefits may be provided by other carriers, such as Cigna's Foreign Travel Expenses.

Required Benefits of Plan F in New Mexico
  • Medigap Benefit
    Does Plan F Cover?
  • Part A co-insurance and hospital costs up to an additional year after Medicare benefits are used up
    Yes
  • Part B co-insurance or copayment
    Yes
  • Blood (first 3 pints)
    Yes
  • Part A hospice care co-insurance or copayment
    Yes
  • Skilled nursing facility care co-insurance
    Yes
  • Part A deductible
    Yes
  • Part B deductible
    Yes
  • Part B excess charge
    Yes
  • Foreign travel exchange (up to plan limits)
    80%

Best Medicare Supplement Plan N in New Mexico

Cigna is the best choice for New Mexico seniors shopping for Medicare Supplement Plan N, with monthly rates of $86.02 on average. Keep in mind that our rankings only consider companies that provide online estimates. Other Plan N carriers in New Mexico may have cheaper pricing. You must, however, contact them directly to learn about their pricing and coverage.

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MoneyGeek Top Pick
Cigna Medicare
  • MoneyGeek Score: 90 out of 100
  • Average Monthly Rate: $86.02

Cigna's Plan N is less expensive than the average cost of Plan N in New Mexico, which is $132.80. Cigna also offers benefits not included in the standard Plan N, such as Foreign Travel Emergency. This ensures that your Cigna Medicare Supplement plan will cover you if you need emergency medical treatment while traveling outside the United States.

MORE ABOUT PLAN N IN NEW MEXICO

Navigate to learn more about Medigap Plan N in New Mexico, including how much it costs on average, what providers are available and what it covers.

The Cost of Medicare Supplement Plan N in New Mexico

Plan N costs an average of $132.80 per month in New Mexico. This rate may fluctuate depending on several factors, including your current age and the age at which you purchase your plan.

For example, a 65-year-old New Mexico resident may qualify for Cigna's cheapest Plan N at around $86.02 per month. Humana is the most costly Plan N provider, at approximately $118.20 per month. That's a monthly difference of almost $32.

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  • Company
    Sample Monthly Rate
  • Cigna
    $86
  • UnitedHealthcare
    $106
  • Aetna
    $107
  • Humana
    $118

Providers Offering Plan N in New Mexico

In New Mexico, Plan N is offered by 29 different companies. Comparing Medicare Supplement plans in New Mexico is more difficult since not all providers offer online estimates.

To help you choose the best New Mexico Plan N provider, MoneyGeek has compiled all of the providers' contact details. You can also see their pricing methods so that you can see which ones charge more based on your age.

Providers Offering Plan N in New Mexico

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  • Company
    Contact Number
    Pricing Style
  • Aetna
    800-358-8749
    Attained Age
  • Liberty Bankers
    1-833-504-0331
    Attained Age
  • AFSLIC
    1-866-951-0686
    Attained Age
  • Bankers Fidelity
    1-866-458-7504
    Attained Age
  • HCSC
    312-653-6000
    Attained Age
  • Catholic Life Insurance
    800-262-2548
    Attained Age
  • Cigna
    1-855-891-9368
    Attained Age
  • Colonial Penn
    1-877-877-8052
    Attained Age

What Does Plan N Cover?

Every Medigap policy is standardized, which means it must give certain coverage. Plan N does not cover Part B deductibles and only pays 80% of foreign travel expenses up to the plan's limit. Some plans may offer extra coverage. For example, Cigna's Plan N includes Foreign Travel Emergency coverage.

Required Benefits of Plan N in New Mexico
  • Medigap Benefit
    Does Plan N Cover?
  • Part A co-insurance and hospital costs up to an additional year after Medicare benefits are used up
    Yes
  • Part B co-insurance or copayment
    Yes
  • Blood (first 3 pints)
    Yes
  • Part A hospice care co-insurance or copayment
    Yes
  • Skilled nursing facility care co-insurance
    Yes
  • Part A deductible
    Yes
  • Part B deductible
    No
  • Part B excess charge
    No
  • Foreign travel exchange (up to plan limits)
    80%

Best Medicare Supplement Plans in New Mexico: Other Plan Types

Medicare Supplement Plans are not exclusive to plans F, G or N in New Mexico. Other less popular plans, such as Plan A, B, C, K and L, are purchased by fewer individuals due to their less comprehensive coverage. UnitedHealthcare was found to be the top provider for Plans A, B, K and L, while Humana was found to be the best provider for the letter C.

Aetna and Cigna also offer Medigap policies in New Mexico and provide online quotes.

Furthermore, if you became eligible for Medicare after January 1, 2020, Plan C won't be available to you.

The Best Medicare Supplement in New Mexico - Alternate Plans
  • Plan Type
    Best Plan
    Monthly Cost
  • A

    UnitedHealthcare

    $94.55

  • B

    UnitedHealthcare

    $133.89

  • C

    Humana

    $258.93

  • F

    Cigna

    $182.29

  • G

    Cigna

    $126.51

  • K

    UnitedHealthcare

    $43.92

  • L

    UnitedHealthcare

    $84.02

  • N

    Cigna

    $86.02

How to Find the Best Medicare Supplement Plans in New Mexico

Medigap insurance is a complicated subject in New Mexico. MoneyGeek collected and analyzed pricing data from numerous companies to help you in locating the best carrier for your supplementary insurance needs. This chart can make it easier to compare Medicare Supplement plans in New Mexico.

New Mexico Medicare Supplement Plans Comparison Chart

In terms of coverage and availability, Medigap policies vary. For example, Plan F and C provide the most extensive coverage but are not accessible to new enrollees. Your next best options are Plan G or Plan D.

You can compare Medicare Supplement plans in New Mexico side by side using MoneyGeek's chart. It displays the differences in coverage as well as the average cost.

Medicare Supplement Comparison Chart
Coverage
A
B
C
D
F
G
K
L
M
N

Part A co-insurance and hospital costs up to an additional 365 days after Medicare benefits are used up

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Part B co-insurance or copayment

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Blood (first 3 pints)

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Part A hospice care co-insurance or copayment

Yes

Yes

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Skilled nursing facility care co-insurance

No

No

Yes

Yes

Yes

Yes

50%

75%

Yes

Yes

Part A deductible

No

Yes

Yes

Yes

Yes

Yes

50%

75%

50%

Yes

Part B deductible

No

No

Yes

No

Yes

No

No

No

No

No

Part B excess charge

No

No

No

No

Yes

Yes

No

No

No

No

Foreign travel exchange (up to plan limits)

No

No

80%

80%

80%

80%

No

No

80%

80%

The Cost of Medicare Supplement Plans in New Mexico

The cost of Medicare Supplement Plans in New Mexico varies based on the plan you choose and the firm you purchase coverage from. UnitedHealthcare is the most cost-effective option in New Mexico for most of the plan types. Cigna, on the other hand, is the most cost-effective for Plans F, G and N, while Humana is the most cost-effective for Plan C.

The pricing styles outlined below are often used by companies in New Mexico:

  • Attained-Age: This is the most frequently used pricing method among New Mexico providers. Premiums are calculated depending on your present age. This means that your rates will increase as you age.
  • Issue-Age: This is the second most popular pricing plan in New Mexico. Your premium is determined by your age at the time of purchase. Prices may grow due to factors other than age.
  • Community-Rated: Medicare providers of community-rated plans charge the same monthly cost regardless of age.
Average Cost of Medicare Supplement in New Mexico

Sort by Plan Letter:

A

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  • Company
    Sample Monthly Rate
  • UnitedHealthcare
    $95
  • Cigna
    $112
  • Humana
    $133
  • Aetna
    $167

FAQs About Medicare Supplement Plans in New Mexico

MoneyGeek answers the most commonly asked questions to help you select the best Medicare Supplement Plans in New Mexico.

Methodology

MoneyGeek collected data from the biggest Medicare Supplement/Medigap providers in New Mexico for 65-year-olds and 75-year-olds. Plans were only rated as one of the best if we could obtain an accurate quote from the provider online.

MoneyGeek’s scoring system weighted affordability 75% and benefits 25%. A Medigap provider received 5% for every benefit, up to a maximum of 25%.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.