Bill > SB125

This bill aims to modify how school districts and charter schools contribute to employee insurance costs and participation in insurance programs. Specifically, it eliminates the ability for school districts and charter schools to receive waivers for participating in health, disability income, and term life insurance plans offered by the Public School Insurance Authority (PSIA) starting July 1, 2027. It also mandates that state agencies responsible for employee health benefits establish a reference-based pricing program for hospital services, which sets a maximum payment for these services to control costs. The bill also adjusts the definition of "publicly funded health care agency" to exclude certain large school districts from the Health Care Purchasing Act and revises contribution requirements for school districts and charter schools, generally requiring at least 80% of insurance costs to be covered.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=125&year=26