NM Insurance Bulletin 2019-013
MANDATORY EXCEPTED BENEFIT PLANS DISCLOSURE (THIS BULLETIN SUPERSEDES AND REPLACED BULLETIN 2016-010
ST ATE OF NEW MEXICO
OFFICE
OF SUPERINTENDENT
OF INSURANCE
DEPUTY
StJPERINTENDENT
Robert E. Doucette,
Jr.
DEPUTY
SUPERINTENDENT
Andy Romero
SUPERINTENDENT
OF INStJRANCE
d zT,Bp
John G. Franchini
BULLETIN
2019-013
t sJll
August
1, 2019
This Bulletin
supersedes
and replaces Bulletin
2016-010.
TO:
ALLINSURANCECARRIERSOFFERINGINDIVIDUALANDGROUPLIMITED
BENEFITS
PLANS
AND SPECIFIED
DISEASE
PLANS
("EXCEPTED
BENEFIT
PLANS")
- EXCLUDING
DISABILITY
PLANS
RE:
MANDATORYEXCEPTEDBENEFITPLANSDISCLOSURE
THE FOLLOWING
BULLETIN
is issued pursuant to Sections 59A-2-8
and 59A-2-10
NMSA
1978 and 13.1.2.1 etseq. NMAC.
The purpose of this Bulletin
is to notify
all involved
parties that the New Mexico
Office of
Superintendent
of Insurance
("OSI")
requires health insurance carriers to disclose to consumers
that limited
benefits plans and specified disease plans ("excepted
benefit plans") are not major
medical health benefits plans or disability-only
plans.
Issuers of excepted benefit plans shall include
the following
notice in at least 14-point
bold
type at the top of all applications
and policies or certificates
issued or renewed after the issue date
of this Bulletin.
MainOffice:1120PaseodePeralta,Room428,SantaFe,NM
87501
Satellite Office: 6200 Uptown Blvd HE, Suite 100, Albuquerque,
NM 87110
Main Phone: (505) 827-4601 i Satellite Phone: (505) 322-2186i Toll Free: (855) 4 - ASK - OSI
www.ost.state.nm.us
notice in at least 14-point
bold
type at the top of all applications
and policies or certificates
issued or renewed after the issue date
of this Bulletin.
MainOffice:1120PaseodePeralta,Room428,SantaFe,NM
87501
Satellite Office: 6200 Uptown Blvd HE, Suite 100, Albuquerque,
NM 87110
Main Phone: (505) 827-4601 i Satellite Phone: (505) 322-2186i Toll Free: (855) 4 - ASK - OSI
www.ost.state.nm.us
B U kl
E 'I- I N
2 0 l
9 - () l 2
I) a H c-
12
NOTICE
TO
CONSUMER:
This
is
a
limited
benefits
health
plan.
The
benefits
provided
are supplemental
to, and not a substitute
for, major
medical
coverage,
even in combination
with other
limited
benefits
plans.
To apply
for
an individual
or small-group
major
medical
plan, please visit the website
of
the New Mexico
Health
Insurance
Exchange
at www.bewellnm.com
or call
1-833-862-3935
(TTY:
711).
Any person aggrieved
by a bulletin
may request a hearing
before the Superintendent
in
accordance
with Section
59A-4-15
NMSA
1978.
If you have questions
regarding
this Bulletin,
please contact the Life and Health
Product
Filing Bureau at (505) 827-4601 or LHRFF.osi@state.ni'n.us.
DONE
AND
ORDERED
this Ist day of August
2019.
HN G. FRANCHINI
Superintendent
of Insurance
Main Office: 1120 Paseo de Peralta, Room 428, Santa Fe, NM 87501
Satellite Office: 6200 Uptown Blvd NE, Suite 100, Albuquerque, NM 87110
Main Phone: (505) 827-4601
Satellite Phone: (505) 322-2186i Toll Free: (855) 4 - ASK - OSI
www.osi.state.nm.us