The Small Employer Insurance Program (SEIP) is a state-run program that provides insurance to individuals who are employed by participating small employer.
When can I get coverage from SEIP?
- If you are a small employer (up to 50 eligible employees) and meet certain eligibility requirements, you can buy health insurance through the SEIP. To be eligible, you must not have offered health insurance within the last 12 months and must contribute at least 50% of the premium.
WHAT WILL SEIP COVER?
- SEIP provides coverage through BlueCross and BlueShield of New Mexico. Coverage includes physician services, hospital, prescription drugs, X-rays, and mental health services. All individuals are subject to a $100,000 annual cap.
WHAT ABOUT PRE-EXISTING CONDITIONS?
- There are no pre-existing condition exclusions periods when you buy coverage through SEIP.
WHAT CAN I BE CHARGED FOR COVERAGE THROUGH SEIP?
- If you are buying coverage though SEIP, you are required to pay at least 50% of the premium. Your premiums will vary only vary age, gender, geography, not the health status of the individual in your small group.
- For more information about SEIP, contact the New Mexico Health Insurance Solutions Center at 866-901-4538 or visit them on the web at http://www.insurenewmexico.state.nm.us/.
