As an older adult, it’s important to start looking for destinations where you can retire comfortably. Over the past several years, many older adults have started heading to New Mexico to retire, and it’s easy to see why. Here’s what makes New Mexico such an appealing destination for older adults.
One of the reasons why so many people love to retire in New Mexico is because of the natural outdoor beauty that it provides. Stunning mountains meet warm, sandy deserts in a landscape unlike anything else in the country. It’s very easy for older adults to stay active here – there are plenty of hiking and biking trails to check out, as well as ski resorts in the winter. The weather tends to be very mild and dry, which makes for a pleasant living experience.
Another reason why retirees love New Mexico so much is its affordable cost of living. The average cost of a house in New Mexico is significantly lower than the national average. Homes in New Mexico are also very spread out, so you might be able to find more space here at a lower price than you would in expensive coastal states.
Because New Mexico is so spread out, older adults can enjoy plenty of privacy if that’s what they’re looking for. Additionally, New Mexico has a very low crime rate, especially in many of the state’s smaller towns.
As an older adult, it’s very important to have a health insurance plan that you trust. As with other US states, New Mexico offers Medicare coverage to residents over the age of 65 and disabled residents. Original Medicare covers a significant portion of your medical expenses. Part A covers inpatient hospital expenses, while Part B covers outpatient expenses.
Those who want to purchase additional coverage have a few options. Medigap plans provide coverage beyond what’s offered in Original Medicare. However, New Mexico is unique in that they only guarantee Medigap access to those over 65, so it may not be available for younger disabled residents. However, there are high-risk medical insurance pools in the state to help you find more coverage.
Additionally, residents may opt to purchase a Part D plan for prescription drug coverage. Alternatively, you can select a Medicare Advantage plan. These are Medicare plans that are offered by private insurers instead of the government and often come with additional benefits.
New Mexico is a great place for older adults to enjoy a happy and healthy lifestyle. If you’re interested in learning more about your Medicare options in New Mexico, contact Time For 65’s licensed partnered agents today. Fill out this form or give us a call to see how we can help.