ALBUQUERQUE, N.M. (AP) — Thousands of New Mexico educators will see their health insurance premiums jump next month after state lawmakers handed out big raises.
KRQE-TV in Albuquerque reports the New Mexico Public Schools Insurance Authority, the agency insuring more than 30,000 educators statewide, is raising insurance premiums on both its medical and dental plans in October.
For “low” tier medical plans, premiums will rise 3.1%, costing an additional $5 to $16 per month depending on how many people are covered by the plan.
For “high” tier plans, premiums will rise 5.9%, costing an additional $7 to $41 per month.
Dental plan premiums will also be increased by 5%.
Albuquerque Teachers Federation union president Ellen Bernstein says she has already heard from educators who are concerned about premium price hikes.
Information from: KRQE-TV, http://www.krqe.com