Bill > HB338

This bill extends the sunset date for a gross receipts tax deduction available to health care practitioners and their associations, moving it from July 1, 2028, to July 1, 2031. It also expands this deduction to include amounts paid by patients for coinsurance, which is a portion of a health insurance claim that the insured must pay. The bill clarifies that this deduction applies to payments made by patients for commercial contract services, meaning health care services provided under contracts with managed care organizations or health insurers, excluding services for Medicare or Medicaid patients. The deduction is for amounts paid by the insured or enrollee, such as coinsurance, copayments, or deductibles, for services within the scope of practice of the health care provider. The bill also updates the definition of "association of health care practitioners" and amends the definition of "copayment" to include "coinsurance."

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=338&year=26