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"New Mexico State Capitol, Santa Fe, New Mexico" by Ken Lund is licensed under CC BY-SA 2.0

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Federal pandemic relief is providing financial assistance with health care insurance premiums for New Mexico residents with moderate incomes or living on the cusp of poverty.

Low- or zero-premium policies are available to the currently uninsured as well as enrolled exchange members who re-enroll by the Sunday deadline.

Exchange spokesman James Korenchen says that a 40-year-old with an annual salary of $40,000 can pay as little as $108 a month for insurance coverage, and a family of four earning $90,000 can save $2,500 over the course of a year.

Open enrollment typically takes place only in November and December at the insurance exchange known as BeWellNM. There are five insurance carriers that offer coverage in every county in the state.

More than 40,000 residents of New Mexico rely on the marketplace for health insurance, with the promise of federal subsidies for consumers with low and moderate incomes who make too much to qualify for Medicaid.

The exchange is moving as soon as next year from a federal technology platform to a state-based system. To register, visit BeWellNM.com

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