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 on beWellnm, 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 will be administered by the Office of Superintendent of Insurance (OSI), which has begun engaging stakeholders and experts to make recommendations about program design to the State Legislature in the 2022 Legislative Session.

Resources

Enabling Legislation

beWellnm Coverage Affordability Initiatives

Small Business Coverage Affordability Initiatives

Submit Feedback

OSI wants to hear from you. Submit feedback to osi-comments.hcaf@state.nm.us

Stakeholders can also submit feedback to OSI’s survey by October 18th.
Consumer Survey
Small Business Survey
Health Care Provider Survey
Insurance Carrier Survey

Phone: 1-855-4ASK-OSI (1-855-427-5674)
1120 Paseo de Peralta, Suite 428
Santa Fe, NM 87501