New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 40 - VACCINE PURCHASING FUND
Section 13.10.40.9 - BILLING AND ENFORCEMENT
Current through Register Vol. 35, No. 18, September 24, 2024
A. Billing cycle. The department shall send out the invoices to each health insurer and each group health plan for one-fourth of its proportionate share of the estimated amount and reserve calculated pursuant to Subsection B of this Section, as required by Subsection D of Section 25-5A-3 NMSA 1978, according to the following billing cycle:
Billing Cycle |
Department's Invoices Date |
Insurer's and Group Health Plan's Due Date |
July 1 to September 30 |
September 1 |
October 1 |
October 1 to December 31 |
December 1 |
January 1 |
January 1 to March 31 |
March 1 |
April 1 |
April 1 to June 30 |
June 1 |
July 1 |
B. Payment. A health insurer or group health plan shall remit payment to the department's fiscal agent in the manner directed by the department in the invoice, with a corresponding notification of remittance to vpa.fund@state.nm.us.
C. Provider prohibition. To avoid duplication of payment, any providers who administer vaccines are prohibited from billing health insurers and group health plans for the cost of any vaccine which was provided to them by the department.
D. Initial review. Each health insurer or group health plan may request an initial administrative review of their invoice by the department in the event of a dispute over the invoice amount.
E. Referral. The department shall refer to the superintendent any health insurer or group health plan that has failed to fully reimburse, including any applicable late penalties, the department within 30 days of the date of invoice. Referrals for invoices subject to review as authorized in Subsection D shall be made within 30 days of the department's decision.
F. Notices. Within 10 days of receipt of report of delinquent account, the superintendent shall;
G. Interest. Interest on late payments and penalties shall accrue at the post-judgment interest rate in effect at the time of default.