| Qualifying Rates:
Note to ALL individuals using the
information on this page:
Qualifying Rates are NOT
the same as Monthly Premiums and should NOT be
used when making a payment to the Pool's administrator
Blue Cross Blue Shield of New Mexico.
The information below explains what the Qualifying Rates
are and how they are determined by the Pool's actuary.
Please refer to the Monthly
Premiums tab [Click
Here] to locate your monthly premium
when making a payment to Blue Cross Blue Shield of New
Mexico.
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 "Qualifying 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
Qualifying rate. This difference is referred to as the
"multiplier."
125% Qualifying Rates (Monthly) |
2010 |
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[Click
Here
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