New Mexico Medical Insurance Pool (NMMIP) Low-Income Premium Reduction Program

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  • If you otherwise meet the eligibility requirements for the New Mexico Medical Insurance Pool and your income is below 400% of the Federal Poverty Level, you may be eligible for a premium reduction for a NMMIP policy (see page 23).
  • If you earn between 200% and 400% of the Federal Poverty Level (up to $39,200 for an individual), you may be eligible for a premium reduction of 50%. If you earn less than 200% of the Federal Poverty Level (up to $19,600 for an individual), you may be eligible for a premium reduction of 75%.

The monthly NMMIP premium for a 24-year old man range from $82 to $174, depending on which plan option is selected; for a 24-year old man eligible for the 50% premium reduction, the monthly NMMIP premium range from $41-$87, depending on which plan is selected; for a 24-year old man eligible for the 75% premium reduction, the monthly NMMIP premium range from $21-$44, depending on which plan is selected.

  • For more information, please contact the New Mexico Medical Insurance Pool at (505) 816-4249 or visit their web site at http://www.nmmip.com/.


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