Bill > HB2

This bill modifies New Mexico's health care coverage regulations by adjusting the Health Care Affordability Fund and associated eligibility requirements for the state health insurance exchange. The bill expands income eligibility for health care coverage assistance, allowing residents with household incomes up to four hundred percent of the federal poverty level to qualify for advanced premium tax credits, and potentially including those who meet all other advanced premium tax credit criteria except income requirements. The bill provides flexibility for the health care authority to maintain coverage if federal health care programs change, with a priority on protecting residents with incomes below two hundred percent of the federal poverty level. It requires annual reporting to legislative committees about the affordability criteria, including details on the number of uninsured residents enrolled and the amount of cost reductions provided. The bill also creates provisions for the health care authority to develop strategies for extending health care coverage to uninsured residents who do not qualify for federal premium assistance, with an emphasis on creating affordable health care benefits and prioritizing lower-income residents. The bill includes an emergency clause, allowing it to take effect immediately upon passage.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=2&year=25s