• Small Business
    Health Insurance Premium Relief Initiative

Small businesses are the backbone of New Mexico’s economy. To help lower health insurance costs for small businesses, the New Mexico Legislature worked with Governor Michelle Lujan Grisham to pass legislation establishing a Health Care Affordability Fund. The new law that provides funding to the New Mexico Office of Superintendent of Insurance (OSI) to reduce health insurance premiums for small businesses that purchase coverage in the small group market. The Small Business Health Insurance Premium Relief Initiative is the program established by OSI to achieve this goal. The initiative started on July 1, 2022.

Small Business Health Insurance Premium Relief Initiative Regulations as of May 2022

Bulletins:

2024-011: Small Business Premium Relief Initiative… July 2024-Dec 2024 (PDF)

2024-010: Additional Premium Relief for Jan 2024-June 2024

2023-036: Small Business Health Insurance Premium Relief Initiative… Jan 2024-Jun 2024 (PDF)

2023-010: Small Business Health Insurance Premium Relief Initiative… Jul 2023-Dec 2023 (PDF)

2022-018: Small Business Health Insurance Premium Relief Initiative… Jan 2023-Jun 2023 (PDF)

2022-006: Small Business Health Insurance Premium Relief Initiative… Jul 2022-Dec 2022 (PDF)

Participating Health Plans in 2024

The following insurers are providing the 10% premium reduction for qualifying small group health plans to their customers:

  • Blue Cross Blue Shield of New Mexico
  • Presbyterian Health Plan
  • United Healthcare

Resources for Small Business Owners and Employees

Resources for Insurance Producers

Resources for Health Insurance Issuers

Recent News

Get the latest information about rule changes, legislation, industry information and consumer news.

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New Mexico Annual Appointment Renewal 2027

DATE: November 4th, 2026 TO: Insurance Companies with New Mexico Agent Appointments SUBJECT: New Mexico Agent Appointment Renewal Invoices for 2027 The New Mexico Office of the Superintendent of Insurance (OSI) will process all company appointments electronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals. All […]

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NEW MEXICO ANNOUNCES RATES FOR 2027 SMALL GROUP HEALTH INSURANCE MARKET

Contact: Viara IanakievaEmail: Viara.Ianakieva@osi.nm.gov Santa Fe, NM – The New Mexico Office of Superintendent of Insurance (OSI) has approved 2027 health insurance premium rates for the small group health insurance market. As of March 2026, over 31,000 New Mexicans were enrolled in a small group plan. The average increase across small group plans is 19.8%. […]

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