A. The board shall be designated as the group policyholder for any plans established under the Retiree Health Care Act.
B. The group insurance coverages provided under the plans may include but are not limited to life insurance, accidental death and dismemberment, hospital care and benefits, surgical care and treatment, medical care and treatment, dental care, eye care, obstetrical benefits, prescribed drugs, medicines and prosthetic devices, medicare supplement, medicare carveout, medicare coordination and other benefits, supplies and services through the vehicles of indemnity coverages, health maintenance organizations, preferred provider organizations and other health care delivery systems as provided by the Retiree Health Care Act and other coverages considered by the board to be advisable.
C. To the extent practicable, each basic plan of benefits shall cover preexisting conditions.
D. Any group medical insurance plan offered pursuant to this section shall include effective cost-containment measures to control the growth of health care costs. The board shall report annually by September 1 to appropriate interim legislative committees on the effectiveness of the cost-containment measures required by this subsection.
History: Laws 1990, ch. 6, § 11; 1994, ch. 62, § 20.
The 1994 amendment, effective March 4, 1994, deleted "plan or" following "for any" in Subsection A and following "provided under the" near the beginning of Subsection B, and added Subsection D.
Structure 2021 New Mexico Statutes
Chapter 10 - Public Officers and Employees
Article 7C - Retiree Health Care
Section 10-7C-1 - Short title.
Section 10-7C-2 - Purpose of act.
Section 10-7C-3 - Legislative findings and declaration of policy.
Section 10-7C-4 - Definitions.
Section 10-7C-5 - Authority created.
Section 10-7C-6 - Board created; membership; authority.
Section 10-7C-7 - Board; duties.
Section 10-7C-7.2 - New Mexico finance authority revenue bonds; purpose; appropriation.
Section 10-7C-8 - Fund created; investment; premiums; appropriation.
Section 10-7C-9 - Participation.
Section 10-7C-10 - Expulsion from program for falsification.
Section 10-7C-11 - Purchase of group insurance.
Section 10-7C-12 - Automatic coverage; effect of preexisting conditions.
Section 10-7C-13 - Payment of premiums on health care plans.
Section 10-7C-14 - Exemption from legal process.
Section 10-7C-15 - Retiree health care fund contributions.