New Mexico’s health insurance marketplace has reached record enrollment, despite the expiration of enhanced federal subsidies at the end of 2025, the Albuquerque Journal reported.
More than 80,400 people have enrolled for medical or dental coverage through BeWell, the state’s ACA marketplace, as of Dec. 30. That tops the roughly 79,000 people that enrolled for 2025 coverage, an increase of nearly 2%.
New Mexico is the only state fully replacing the expired federal subsidies for 2026, committing $17 million in enhanced premium and cost-sharing assistance for individuals and families purchasing coverage through its exchange. About 6,500 New Mexicans received federal subsidies that will now be covered by the state.
Despite the state subsidies, New Mexicans will still see their ACA premiums increase by an average of 35.7% in 2026. Around 43% of enrollees for 2026 coverage will pay $10 or less per month for their plan, with the average net premium running about $147 per month per enrollee.
