Bill

Bill > HB100


NM HB100

Health Insurance Exchange Changes


summary

Introduced
01/21/2020
In Committee
02/17/2020
Crossed Over
02/11/2020
Passed
02/18/2020
Dead
Signed/Enacted/Adopted
02/19/2020

Introduced Session

2020 Regular Session

Bill Summary

AN ACT RELATING TO THE NEW MEXICO HEALTH INSURANCE EXCHANGE; AMENDING AND ENACTING SECTIONS OF THE NEW MEXICO HEALTH INSURANCE EXCHANGE ACT; ADDING DUTIES AND POWERS FOR THE BOARD OF DIRECTORS OF THE NEW MEXICO HEALTH INSURANCE EXCHANGE; PROVIDING FOR STANDARDIZED HEALTH PLANS; ENACTING A TEMPORARY PROVISION REQUIRING A REPORT.

AI Summary

This bill makes several changes to the New Mexico Health Insurance Exchange Act: 1. It expands the duties and powers of the board of directors of the New Mexico Health Insurance Exchange, requiring them to establish standardized bronze, silver, and gold health plans, maintain a consumer assistance program and small business health options program, and perform other functions to improve the operations and accessibility of the exchange. 2. It requires the board to report regularly on exchange enrollment, plan selection, and market trends, and to consult with the insurance superintendent on exchange-related rules and policies. 3. It allows the board to require health insurers offering qualified plans on the exchange to offer at least one standardized silver plan and one standardized gold plan, and potentially a standardized bronze plan as well. Overall, the bill aims to strengthen the New Mexico health insurance exchange by enhancing consumer protections, plan standardization, and transparency around exchange performance and market conditions.

Committee Categories

Budget and Finance, Government Affairs, Health and Social Services, Justice

Sponsors (3)

Last Action

Signed by Governor - Chapter 35 - Mar. 4 (on 02/19/2020)

bill text


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