• Small Business
    Health Insurance Premium Relief Initiative

Small businesses are the backbone of New Mexico’s economy. To help lower health insurance costs for small businesses, the New Mexico Legislature worked with Governor Michelle Lujan Grisham to pass legislation establishing a Health Care Affordability Fund. The new law that provides funding to the New Mexico Office of Superintendent of Insurance (OSI) to reduce health insurance premiums for small businesses that purchase coverage in the small group market. The Small Business Health Insurance Premium Relief Initiative is the program established by OSI to achieve this goal. The initiative started on July 1, 2022.

Small Business Health Insurance Premium Relief Initiative Regulations as of May 2022

Bulletins:

2024-011: Small Business Premium Relief Initiative… July 2024-Dec 2024

2024-010: Additional Premium Relief for Jan 2024-June 2024

2023-036: Small Business Health Insurance Premium Relief Initiative… Jan 2024-Jun 2024

2023-010: Small Business Health Insurance Premium Relief Initiative… Jul 2023-Dec 2023

2022-018: Small Business Health Insurance Premium Relief Initiative… Jan 2023-Jun 2023

2022-006: Small Business Health Insurance Premium Relief Initiative… Jul 2022-Dec 2022

Participating Health Plans in 2024

The following insurers are providing the 10% premium reduction for qualifying small group health plans to their customers:

  • Blue Cross Blue Shield of New Mexico
  • Presbyterian Health Plan
  • United Healthcare

Resources for Small Business Owners and Employees

Resources for Insurance Producers

  • OSI held virtual information sessions for insurance producers throughout the month of May. Additional sessions can be scheduled upon request.
  • Click here to view slides presented on May 3.

Resources for Health Insurance Issuers

Recent News

Get the latest information about rule changes, legislation, industry information and consumer news.

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NEW MEXICO ANNOUNCES RATES FOR 2027 ACA PLANS, STATE PREMIUM SUPPORT WILL CONTINUE TO HELP ENROLLEES WITH COSTS

Contact: Life and Health Product Filing BureauEmail: life.health@osi.nm.gov SANTA FE, N.M. – The New Mexico Office of Superintendent of Insurance (OSI) has approved 2027 rates for individual market Affordable Care Act (ACA) plans sold on and off BeWell, the New Mexico Health Insurance Marketplace. The average increase is 24.4%; OSI scrutinized the rates and they […]

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MEDICAL MALPRACTICE PREMIUM REDUCTION

AMENDED BULLETIN 2026-010: The New Mexico State Legislature appropriated $5 million to the New Mexico Office of Superintendent of Insurance (OSI) to address medical malpractice insurance costs for individual providers. The appropriation was part of a supplemental appropriation package passed in 2025. This one-time appropriation directs OSI to provide a premium subsidy for private medical malpractice insurance policies. […]

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