Michael Cadigan of Cadigan Law Firm PC says health exchange will save him $1,000 a month – Albuquerque Business First by Dennis Domrzalski Reporter- Albuquerque Business First
- The New Mexico Health Insurance Exchange saved one Albuquerque small business owner $1,000 a month in insurance premiums Tuesday.
Michael Cadigan, president and owner of the Cadigan Law Firm P.C., said he signed up the firm’s four employees Tuesday for an insurance policy and got a quote that was $1,000 less a month than he’s currently paying.
“I was very pleasantly surprised. I thought it was going to be an administrative nightmare and it literally took me 15 minutes once I found everybody’s birthdates, Social Security numbers and ZIP codes,” Cadigan, a former Albuquerque city councilor, said. “They gave me a quote that would save me $1,000 over what I was paying at Pres [Presbyterian Health Plan], so I’m psyched.”
Cadigan said he chose a gold level plan, which pays 80 percent of medal expenses, for the firm.
“I selected gold and it gave me 17 choices and I signed up for Blue Cross and Blue Shield of New Mexico,” Cadigan said. “I thought this was going to be an all-day thing, so I had a Diet Coke handy, was well rested and I had a good lunch, and it was almost disappointing” that it was so easy.
“I was blown away,” he said. “I hope it’s not too good to be true.”