Physician practices in New Mexico
PlanOptica tracks 13 health and welfare plans sponsored by 11 physician practices in New Mexico, covering 2,469 participants and $7.0M in reported insurance premiums (plan year 2024 to 2025 filings). The median plan has 195 participants, and the most common size is 100 to 249 participants (54% of plans). Most of these plans are self-funded or mixed (77%), so stop-loss and TPA relationships matter as much as the medical carrier.
Presbyterian Health Plan Inc leads by premium with a 26% share, followed by Reliastar Life Insurance Company at 15%. Hub International Ins Svcs Inc is the broker of record on 4 plans, more than any other firm, ahead of Digital Insurance LLC (2). 92% of plans report broker compensation on Schedule A; the median brokered plan pays $35K a year, about 12.1% of premium. Albuquerque, Hatch and Lordsburg have the most plans.
Funding mix
- Mixed8 · 62%
- Fully insured3 · 23%
- Self-funded2 · 15%
Plan size (participants)
- Under 1001 · 8%
- 100 to 2497 · 54%
- 250 to 4995 · 38%
- 500 to 9990 · 0%
- 1,000 or more0 · 0%
Median plan: 195 participants. Median broker comp: 12.1% of premium across 12 brokered plans.
Top carriers, physicians, New Mexico
- 1Presbyterian Health Plan Inc$1.8M2 plans · 26.1%
- 2Reliastar Life Insurance Company$1.1M1 plans · 15.2%
- 3Cigna$949K1 plans · 13.6%
- 4United Healthcare Insurance Company$565K1 plans · 8.1%
- 5United of Omaha Life Insurance Company$424K2 plans · 6.1%
- 6Swiss Re Corporate Solutions America Insurance Corportation$370K1 plans · 5.3%
- 7Delta Dental of New Mexico$361K3 plans · 5.2%
- 8The Lincoln National Life Insurance Company$296K2 plans · 4.2%
- 9Sun Life Assurance Company of Canada$281K1 plans · 4.0%
- 10Life Insurance Company of North America$169K1 plans · 2.4%
Top brokers, physicians, New Mexico
- 1Hub International Ins Svcs Inc4 plans$184K comp · 33.3%
- 2Digital Insurance LLC2 plans$193K comp · 16.7%
- 3Jonathan Michael Berg2 plans$13K comp · 16.7%
- 4Alliant Insurance Services, Inc2 plans$2K comp · 16.7%
- 5Carmen Leanne Allen2 plans$2K comp · 16.7%
- 6LNG Enterprises LLC2 plans$1K comp · 16.7%
- 7Southwest Rising LLC2 plans$812 comp · 16.7%
- 8Dean Allen Burri1 plans$74K comp · 8.3%
- 9RPS Benefits Inc1 plans$46K comp · 8.3%
- 10Allied Benefit Systems, LLC1 plans$28K comp · 8.3%
Largest physician practices in New Mexico
| Employer / plan | City | Funding | Participants | Premium | Primary carrier |
|---|---|---|---|---|---|
| New Mexico Oncology Hematology Consultants Ltd New Mexico Oncology Hematology Consultants LtdAll plans | Albuquerque | Mixed | 277 | $1.6M | Reliastar Life Insurance Company |
| Ben Archer Health Center Ben Archer Health Center Welfare Benefit Plan - Group Disability InsuranceAll plans | Hatch | Fully insured | 267 | $45K | Northwestern Mutual |
| X-Ray Associates of New Mexico, P.C X-Ray Associates of New Mexico Employee Benefit PlanAll plans | Albuquerque | Mixed | 266 | $293K | Sun Life Assurance Company of Canada |
| New Mexico Orthopaedics, P.C New Mexico Orthopaedics, P.CAll plans | Albuquerque | Mixed | 265 | $303K | United of Omaha Life Insurance Company |
| Radiology Associates of Albuquerque , P.A Radiology Associates of Albuquerque , P.A. Cafeteria PlanAll plans | Albuquerque | Mixed | 229 | $261K | Life Insurance Company of North America |
| Hidalgo Medical Services Hidalgo Medical Services Health and Welfare PlanAll plans | Lordsburg | Mixed | 165 | $585K | United Healthcare Insurance Company |
| Southwest Care Center Southwest Care Center Health & Welfare PlanAll plans | Santa Fe | Fully insured | 164 | $2.1M | Presbyterian Health Plan Inc |
| LA Familia Medical Center LA Familia Medical PlanAll plans | Sante Fe | Mixed | 140 | $111K | The Lincoln National Life Insurance Company |
| Southwest Gastroenterology Assoc PC Southwest Gastroenterology Assoc PC Employee Benefits PlanAll plans | Albuquerque | Mixed | 127 | $597K | Westport Insurance Corporation |
| After Hours Pediatrics, PC After Hours Pediatrics, PC Employee Benefits PlanAll plans | Albuquerque | Mixed | 105 | $156K | Delta Dental of California |
| Still Point Medical SPM QRPAll plans | Peralta | Self-funded | 2 | - | - |
Showing 11 of 11 employers. Filter the full list by size, funding, carrier and broker.
Plans by city in New Mexico
Frequently asked questions
How many physician practices in New Mexico offer an ERISA health plan?
13 health and welfare plans from 11 physician practices in New Mexico appear in plan year 2024 to 2025 filings on Form 5500, covering 2,469 participants. Plans with fewer than 100 participants that are fully insured do not have to file, so small practices are under-counted.
Which insurance carriers cover the most physician practices in New Mexico?
By Schedule A premium: Presbyterian Health Plan Inc (26% of premium, 2 plans), Reliastar Life Insurance Company (15% of premium, 1 plan) and Cigna (14% of premium, 1 plan).
Which benefits brokers work with physician practices in New Mexico?
By number of client plans: Hub International Ins Svcs Inc (4 plans), Digital Insurance LLC (2 plans) and Jonathan Michael Berg (2 plans). 92% of plans report a broker.
How much do brokers earn on physician practices health plans in New Mexico?
The median brokered plan reports $35K a year in broker commissions and fees, or 12.1% of premium. Figures come from Schedule A, Part I.
Are physician practices health plans in New Mexico self-funded or fully insured?
Mixed 62%, fully insured 23% and self-funded 15%. Self-funded and mixed plans together make up 77%.
Where does this data come from?
U.S. Department of Labor Form 5500 filings and their Schedule A insurance attachments, latest filing per plan. Offices of physicians (NAICS 621111) and of mental health physicians (621112).
Prospect physician practices in New Mexico
Open the welfare search with New Mexico and this sector prefilled. Narrow by participants, funding type, carrier, broker and broker compensation, then save the view or export it.
Physicians in nearby states
Other healthcare specialties in New Mexico
Source: U.S. Department of Labor Form 5500 and Schedule A, latest filing per plan (plan years 2024-2025). Offices of physicians (NAICS 621111) and of mental health physicians (621112). Location is the sponsor's filing address in New Mexico.