CLOVIS (KSMX)- Group health insurance options available to small businesses through beWellnm, the New Mexico Health Insurance Exchange, could play a key role in getting more New Mexicans insured during this time of uncertainty, according to a press release.
According to Maureen Manring, beWellnm’s director of outreach and communication, business owners can provide the structure for their employees to enroll if they so choose, and they can do it without any out-of-pocket expense to themselves or the business.
“These are difficult times for New Mexico small businesses, but they have an incredible opportunity right now to make sure that their employees have coverage, and it doesn’t have to cost them anything,” she said.
In order to purchase a 2020 plan on the individual marketplace, New Mexicans would have had to enroll last December, or qualify for a special enrollment period. However, businesses are not limited to purchasing during an open enrollment period, allowing them to provide insurance options to their employees almost immediately.
“There is no minimum requirement for participants, and there is no minimum requirement for employer contribution,” said Manring. “We are asking small business owners around the state to consider making plans available to their employees if they don’t currently offer coverage already. Owners can play a critically important role in keeping their employees healthy and preventing catastrophic medical costs to them if they become sick, need hospitalization, and don’t have coverage,” said Manring. “
Small business owners can call 1-833-862-3935 to find out about options. If small businesses are able to contribute to their employees’ premium, they could qualify for a tax credit.