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Qualifying Rates:
Note: Standard Risk Rates are NOT
monthly premiums.
The Pool determines appropriate rates through a
review of the average rates charged by major New Mexico
health insurers for individual health coverage.
This average rate is called the "Standard Risk Rate" and
the Pool's actuary updates this rate twice a year in
order to reflect changes in the market, often referred
to as "trend." As a result, the Pool's rates will
increase when market rates go up.
New Mexico law also stipulates that the Pool's rates
must be set at a certain percentage level above this
Standard Rate. This difference is referred to as the
"multiplier."
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Regular Plan