Health Care Affordability Fund

Health Care Affordability Fund

During the 2021 Legislative Session, the New Mexico Legislature passed and Governor Michelle Lujan Grisham signed Senate Bill 317, which placed a moratorium on out-of-pocket costs for mental health services for state-regulated plans and created a Health Care Affordability Fund to lower health care costs for New Mexicans. The law allows the Fund to be used to:

1. Reduce premiums and out-of-pocket health care costs for New Mexicans who qualify for coverage onbeWellnm, the state’s Health Insurance Marketplace;

2. Reduce premiums for small businesses and their employees;

3. Provide resources for planning, design and implementation of health care coverage initiatives for uninsured New Mexico residents; and

4. Provide resources for administration of state health care coverage initiatives for uninsured New Mexico residents.

The Fund and programs are administered by the New Mexico Office of Superintendent of Insurance (OSI).

Learn More

• Health Care Affordability Fund Landing Page

• Small Business Health Insurance Premium Relief Initiative Landing Page

• Health Care Affordability Fund: Report to Legislature 2023