New Mexico HB47 modifies insurance contributions for school employees and establishes a study on public school insurance sustainability.
New Mexico HB47 amends the Group Insurance Contributions for school districts and charter schools, setting specific contribution percentages based on employee salary brackets. It also mandates the Secretary of Health Care Authority to establish a program to make state health benefit premiums more affordable for certain employees. The bill requires a study on the sustainability of insurance programs for public school employees, to be completed by June 30, 2029, and includes an appropriation for the Public School Insurance Authority.
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- Core Provisions
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- Legal Framework
- Critical Issues
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