Bill > HB527

This bill mandates insurance coverage for medical cannabis for patients with debilitating medical conditions across various healthcare plans in New Mexico. The bill requires group health coverage, medical assistance programs, health insurance policies, health maintenance organizations, and nonprofit health care plans to provide coverage for medical cannabis that is consistent with standard medication coverage for treating specific debilitating conditions. Patients must be qualified, meaning they are New Mexico residents holding a registry identification card, and must obtain cannabis from an approved retailer. The coverage includes an "adequate supply" defined as a three-month quantity of cannabis from an in-state source. Insurers can either reimburse patients directly after claim submission or pay cannabis retailers directly. The bill defines an extensive list of qualifying medical conditions, including cancer, multiple sclerosis, epilepsy, PTSD, chronic pain, and several other specific health conditions. The comprehensive definitions cover various forms of cannabis products and establish clear guidelines for cost-sharing, copayments, and reimbursement processes. The provisions will take effect on January 1, 2026, giving healthcare providers and insurers time to prepare for implementation.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=527&year=25