NM| OSI Bulletin 2025-021 from the New Mexico Office of Superintendent of Insurance outlines the mental health and substance use disorder parity data collection. The bulletin outlines requirements for major medical health insurance carriers to submit data and comparative analyses for the 2023 plan year by November 29, 2024.
Key Points:
- All major medical health insurance carriers in New Mexico must report data on provider networks, pharmacy benefits, and quantitative and non-quantitative treatment limitations for individual, small group, and large group plans.
- The data submission process involves using specific templates and submitting through designated channels, including the SERFF online portal and a secure drop-box.
- The bulletin emphasizes that submitted data will be treated as confidential, and failure to comply may result in fines, rejection of health plan certification, or license revocation.