UnitedHealthcare provides the cheapest health insurance in the state, with an average monthly premium of $392. Availability can vary, so check out Molina Healthcare, Blue Cross and Blue Shield and Presbyterian Health Plan for affordable coverage options.
Most Affordable Health Insurance in New Mexico
Updated: June 11, 2025
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Key Takeaways
UnitedHealthcare of New Mexico provides the state's most affordable health insurance, saving policyholders an average of $342 per month compared to the state average.
Presbyterian Health Plan offers top-rated full coverage Gold plans, with affordable pricing starting at $434 monthly.
Finding the cheapest health insurance starts with selecting a coverage level within your budget, checking your subsidy eligibility and comparing plans from several companies.
Most Affordable Health Insurance Companies in New Mexico
| UnitedHealthcare of New Mexico, Inc | $392 | $342 |
| Molina Healthcare of New Mexico, Inc | $411 | $324 |
| BlueCross BlueShield of New Mexico | $460 | $274 |
| Presbyterian Health Plan | $693 | $42 |
*These plans reflect rates for 40-year-olds who aren't considered low-income.
Cheapest New Mexico Health Insurance Plans by Profile
While we've summarized the cheapest companies for most in New Mexico, the most affordable plan for you will differ widely depending on your desired coverage tier and age. Below are the cheapest companies by category for most in the area:
- Cheapest for Young Adults: Presbyterian Health Plan ($411 monthly)
- Cheapest for Seniors: Presbyterian Health Plan ($1,090 monthly)
- Cheapest Extended Bronze Plan: Presbyterian Health Plan ($355 monthly)
- Cheapest Bronze Plan: Presbyterian Health Plan ($523 monthly)
- Cheapest Silver Plan: Presbyterian Health Plan ($513 monthly)
- Cheapest Gold Plan: Presbyterian Health Plan ($434 monthly)
While these are a good measure of the most affordable plans, they only represent the cheapest for 40-year-olds (26-year-olds for young adults and 60 for seniors), and your cheapest company and plan may differ for your profile. So below, we've created a filterable table that you can modify by plan tier and age to find your lowest rate match.
Data filtered by:Results filtered by:
Select
Plan Level:Silver
Select
Age:40
| Presbyterian Health Plan | Silver Select $7,000 w/GYM with Limited Service Area | $513 | $95 | $9,200 |
Cheapest Health Insurance Plans by County in New Mexico
While UnitedHealthcare is the cheapest provider overall, Molina Healthcare is the most affordable and widely available for Silver plans in most counties. Below, you can review which company and plan are most affordable in your area.
| Bernalillo | BlueCross BlueShield of New Mexico | $399 | Blue Community Silver HMO? 203 - On Exchange |
| Catron | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Chaves | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Cibola | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Colfax | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Curry | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| De Baca | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Doña Ana | Ambetter Plan of WSCC | $444 | Focused Silver |
| Eddy | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Grant | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Guadalupe | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Harding | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Hidalgo | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Lea | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Lincoln | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Los Alamos | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Luna | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| McKinley | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Mora | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Otero | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Quay | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Rio Arriba | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Roosevelt | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| San Juan | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| San Miguel | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Sandoval | BlueCross BlueShield of New Mexico | $399 | Blue Community Silver HMO? 203 - On Exchange |
| Santa Fe | Presbyterian Health Plan | $437 | Silver Select 7000 w/ GYM - Limited Service Area |
| Sierra | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Socorro | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Taos | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Torrance | BlueCross BlueShield of New Mexico | $399 | Blue Community Silver HMO? 203 - On Exchange |
| Union | Molina Healthcare of New Mexico, Inc | $437 | Clear Cost Silver On Exchange |
| Valencia | BlueCross BlueShield of New Mexico | $399 | Blue Community Silver HMO? 203 - On Exchange |
How to Find the Cheapest Health Insurance in New Mexico
Follow these steps to find affordable health insurance in New Mexico:
- 1
Determine coverage plan needs and affordability
Your coverage plan type and tier will differ widely depending on your personal health circumstances and income. Calculate how much income you can set aside for monthly premiums, considering your current health and risk for injury or disease based on location, age and lifestyle.
- 2
Find out your subsidy eligibility
People earning between $14,580 and $54,000 may qualify for premium tax credits, reducing costs by 40% to 100%. Those with incomes below 250% of the Federal Poverty Level ($36,450) can access cost-sharing reductions, decreasing out-of-pocket expenses up to 73%.
- 3
Consider federal programs for eligible age groups
If you're of suitable age, explore Medicare Advantage plans and Medicare Supplement plans. These plans may offer more affordable and flexible alternatives to traditional plans.
- 4
Review prescription formularies
Check insurers' prescription coverage for medications you regularly take. Choosing plans with lower-tier placements and reduced copays for your medications can optimize savings and ensure consistent and affordable access to necessary prescriptions, saving you hundreds of dollars each year.
- 5
Compare plans during Open Enrollment
Take advantage of the Open Enrollment period from November 1 to January 15, or qualify for Special Enrollment if you've experienced life changes like job loss or having a child. Compare coverage types, customer ratings, costs and provider availability to find the best plan for your needs.
MONEYGEEK TIP: MAKE SURE TO APPLY PROMPTLY
To avoid technical issues, apply for coverage at least five days before the enrollment deadline. Prepare your income verification, Social Security numbers and immigration documents to ensure a smooth application process.
Most Affordable Health Insurance in New Mexico: Bottom Line
UnitedHealthcare, Molina Healthcare, Blue Cross and Blue Shield and Presbyterian Health Plan are the most affordable health insurance companies in New Mexico. While we recommend these affordable options, you should compare as many plan types and tier quotes as possible from multiple companies to get the best deal.
Cheap New Mexico Health Insurance: FAQ
Below are frequently asked questions about finding affordable health insurance in New Mexico:
What is the cheapest health insurance in New Mexico?
UnitedHealthcare offers the cheapest health insurance in New Mexico, with Silver plans starting at $392 per month for 40-year-olds. Other affordable options include Presbyterian Health Plan, Blue Cross and Blue Shield and Molina Healthcare.
What are the downsides of a cheap health insurance plan?
Compared to higher-priced plans, cheap health insurance has higher out-of-pocket costs, including deductibles and copays. More expensive plans reduce out-of-pocket expenses and offer more extensive health care coverage.
How We Decided the Cheapest Health Insurance Companies in New Mexico
MoneyGeek obtained data directly from the Centers for Medicare and Medicaid Services (CMS) on available health insurance plans in New Mexico based on consumers aged 18, 26, 40, 50 and 60.
We considered the cheapest overall to be those with the lowest monthly premium costs for 40-year-olds, as most in the state are near this age demographic, and for simplicity. However, cheaper plans tend to have higher out-of-pocket maximums and deductibles, meaning you may pay more if you receive care.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.