New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 36 - STANDARDS FOR ACCIDENT-ONLY, SPECIFIED DISEASE, HOSPITAL INDEMNITY, DISABILITY INCOME, SUPPLEMENTAL, AND NON-SUBJECT WORKER EXCEPTED BENEFITS
Section 13.10.36.8 - APPROPRIATIONS REQUESTS
Universal Citation: 13 NM Admin Code 13.10.36.8
Current through Register Vol. 35, No. 18, September 24, 2024
This rule governs appropriation requests.
A. Annually, the superintendent will submit appropriation requests to the legislative finance committee for each fund program. OSI will post proposed program parameters associated with the budget request on the agency's website upon submission to the legislative finance committee.
B. The request for each fund program shall meet these minimum standards:
(1) for the marketplace affordability
program, sufficient funding to provide premium reductions for individuals under
four hundred percent of the FPL and OOP cost reductions for individuals under
three hundred percent of the FPL;
(2) for the small business health insurance
premium relief initiative, sufficient funding to realize premium reductions for
qualified health plans across the small group market; and
(3) for the uninsured program, sufficient
funding to expand coverage to eligible individuals under two hundred percent of
the FPL before expanding further up the income scale.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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