N.M. Admin. Code § 13.10.36.8

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.10.36.8 - APPROPRIATIONS REQUESTS

This rule governs appropriation requests.

A. Annually, the superintendent will submit appropriation requests to the legislative finance committee for each fund program. OSI will post proposed program parameters associated with the budget request on the agency's website upon submission to the legislative finance committee.

B. The request for each fund program shall meet these minimum standards:

(1) for the marketplace affordability program, sufficient funding to provide premium reductions for individuals under four hundred percent of the FPL and OOP cost reductions for individuals under three hundred percent of the FPL;

(2) for the small business health insurance premium relief initiative, sufficient funding to realize premium reductions for qualified health plans across the small group market; and

(3) for the uninsured program, sufficient funding to expand coverage to eligible individuals under two hundred percent of the FPL before expanding further up the income scale.

N.M. Admin. Code § 13.10.36.8

Adopted by New Mexico Register, Volume XXXIII, Issue 08, April 19, 2022, eff. 5/1/2022, Amended by New Mexico Register, Volume XXXIII, Issue 09, May 3, 2022, eff. 6/1/2022, Amended by New Mexico Register, Volume XXXIII, Issue 15, August 9, 2022, eff. 9/1/2022