NM State Updates - 2015 Jan 10 No.01

On Feb. 19, 2015, Superintendent of Insurance Franchini issued Bulletin No. 2015-006, which relates to the transparency of the cost to insureds on all health insurance forms. The bulletin requires health insurers to include information from the perspective of the insured/policyholder to be displayed on all documentation that includes cost sharing features. "Documentation" includes forms, insurance cards, and advertising materials.

Unless specifically excluded by statute, all forms should be submitted to the New Mexico Office of the Superintendent of Insurance for review.

Although the bulletin relates to a requirement for insurers, it is important for employers to understand that insurers in New Mexico are now required to do this.

Bulletin No. 2015-006 »