How to get a more competitive rate for your health care coverage
Insurance agencies are already offering cheaper health care plans in the state of New Mexico.
That’s according to a new report by the state’s chief insurance officer.
Fox 2 News reported on Monday that the New Mexico Insurance Department said it had reached a settlement with Paychex Insurance Group, a major provider of health insurance plans in Albuquerque, Albuquerque and other areas of the state.
The department said the settlement was to resolve the payment dispute over the company’s rate for New Mexico’s health care.
New Mexico has one of the lowest costs of insurance in the country.
However, the state has been struggling with skyrocketing health care costs, and its average health care spending per person has increased by more than $4,000 since 2013.
The state’s health plan, the New Mexican Health Care Alliance, is a subsidiary of the New York-based private insurance company.
New Mexico Health Care is offering its health care customers discounted rates through PaycheX Insurance Agency, the company said in a statement to Fox 2.
PaychePx is a provider of comprehensive health insurance coverage for employers, governments, and individuals.
PaycheX also offers health insurance to consumers in other states.
The company said the New Jersey-based company had reached an agreement with the state to resolve its rates with the company.
New Mexicans pay a median premium of $1,800 per person, according to the latest figures from the state Department of Insurance.
The state’s average health spending per resident was $7,200 last year.