COVID-19 Insurance Updates

On April 30, 2020, the Office of the Superintendent of Insurance issued Bulletin No. 2020-009, which applies to all major medical insurers subject to regulation by the state. The bulletin reminds those carriers that they must hold insureds harmless for expenses related to the testing, diagnosis and treatment of COVID-19. The bulletin also reminds carriers that they can only charge insureds for emergency medical services provided by out-of-network providers at in-network rates, and must pay these providers at rates consistent with New Mexico’s surprise billing laws.

The regulation is primarily directed at carriers. However, employers should also be aware of these developments.

Bulletin No. 2020-009 »