Minimum standards for short-term health care plans would be set by New Mexico insurance regulators and not just the federal government under a bill passed by the state House of Representatives.
The bill sponsored by Rep. Micaela Lara Cadena of Mesilla passed the House 67-0 on Monday and now moves to the state Senate for consideration.
Congress’ repeal of the tax penalty for individuals who forgo health insurance may lead more consumers toward short-term policies that can exclude coverage for pre-existing medical conditions or major benefits such as maternity care.
The House-approved bill would give state insurance regulators authority to establish minimum standards for benefits under short-term and limited-benefit health plans in New Mexico. The state also would ensure a sufficient amount of premiums are spent on patient care.
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