Industry Bulletins | August 25, 2020
New Mexico Health Connections CO-OP Plan To Cease Operations January 1, 2021
On August 11, 2020, the Board of Directors for the New Mexico Health Connections CO-OP health plan said the organization will close on January 1, 2020. Current members will need to select a new 2021 health plan with another carrier during open the enrollment period, which begins November 1, 2020.
The Board said its decision was based on challenging market conditions. Marlene Baca, chief executive officer and president, said the plan has had continued high claims costs and limited opportunities for new investment.
The non-profit New Mexico Health Connections CO-OP was formed in 2012 to provide a . . .