Other Types of Health Insurance

Short-Term, Limited Duration Insurance This insurance covers some of the same types of services as comprehensive health insurance, but is not required to offer a full set of essential health benefits. The plans typically cover a smaller share of the cost of services than comprehensive health insurance. That means you may pay less in premiums, but enrollees pay more when they need health care services. The plans may deny applicants or charge them more if they have pre-existing health conditions.
Basic Hospital Expense Coverage This insurance covers a period of usually not less than 31 days of continuous in-hospital care and certain hospital outpatient services.
Basic Medical-Surgical Expense Coverage This insurance covers costs associated with a necessary surgery, including a certain number of days of in-hospital care.
Hospital Confinement Indemnity Coverage This insurance pays a fixed amount for each day that you are in a hospital.
Accident Only Coverage This pays a lump sum when the enrollee experiences death, dismemberment, disability, or hospital and medical care caused by an accident.
Specified Disease Coverage This insurance covers diagnosis and treatment of a specifically named disease or diseases, such as cancer.
Long-term Care Insurance Long-term care insurance usually pays for skilled, intermediate and custodial care in a nursing home, as well as care in other settings, such as the home, adult day care center, or assisted living facility. The policy usually pays a fixed amount per day while a person is receiving care.
Other Limited Coverage You may purchase insurance covering only dental or vision or other specified care.
Health Care Sharing Ministries Under these arrangements, members pay a monthly fee. When they have health care expenses, members can request that the ministry or other members share part of the cost. However, the ministry is not legally obligated to pay for members’ health care costs. State insurance regulators generally do not provide oversight of health care sharing ministries. See OSI’s caution to consumers regarding Healthcare Share Ministries Trinity Cease and Desist at:
- Healthcare Share Ministries – Press Release
- Trinity Cease and Desist

During the 2021 Legislative Session, the New Mexico Legislature passed and Governor Michelle Lujan Grisham signed Senate Bill 317, which placed a moratorium on out-of-pocket costs for mental health services for state-regulated plans and created a Health Care Affordability Fund to lower health care costs for New Mexicans. The law allows the Fund to be used to:

Reduce premiums and out-of-pocket health care costs for New Mexicans who qualify for coverage on beWellnm, the state’s Health Insurance Marketplace;
Reduce premiums for small businesses and their employees;
Provide resources for planning, design and implementation of health care coverage initiatives for uninsured New Mexico residents; and
Provide resources for administration of state health care coverage initiatives for uninsured New Mexico residents.

The Fund and programs are administered by the New Mexico Office of Superintendent of Insurance (OSI).

NOTICES REGARDING UNFAVORABLE CHANGES TO PUBLIC PROTECTION CLASSIFICATIONS AS REQUIRED BY INSURANCE CODE§59A-18-33, NMSA 1978

UPDATED BULLETIN 2026-003: This Bulletin updates Bulletin No. 2026-003 by correcting the sentence “This Bulletin is issued as required by general OSI Bulletin 2026-003” to properly say, “This Bulletin is issued as required by general OSI Bulletin No. 2024-022.” The OSI has been notified by ISO, a rating/advisory organization, about a recent Public Protection Classification (PPC) survey involving […]

Other Types of Health Insurance

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NOTICES REGARDING UNFAVORABLE CHANGES TO PUBLIC PROTECTION CLASSIFICATIONS AS REQUIRED BY INSURANCE CODE§59A-18-33, NMSA 1978

REPEAL OF BULLETIN NO. 2022-004