SANTA FE, N.M. (AP) — Premiums for health insurance covering about 73,000 state and local government workers in New Mexico and their dependents could increase by 15 percent next year under a proposal by Gov. Susana Martinez's administration.
Workers who cover their families under the health insurance program could see yearly premium increases of at least $315 to as much as $914, depending on their salaries and the choice of their health plan. Employees can select among several insurance providers and medical plans.
The General Services Department will ask the Legislature for $10.1 million in the next budget year to cover the higher rates paid by agencies as the government employer, agency spokesman Tim Korte said Tuesday.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.