COVERAGE FOR CERTAIN HEALTH CARE

SB 508 requires most health insurance plans in New Mexico to cover specific healthcare services without cost sharing (like copays or deductibles). It mandates coverage for abortion care, gender-affirming care, and contraception as outlined in federal guidelines, along with preventive services like immunizations and women's screenings. The bill also creates a special enrollment period for pregnant individuals and eliminates prior authorization for these services. High-deductible health plans are exempt until the policyholder meets their deductible, except where federal law allows. This bill directly affects insurance providers, healthcare facilities, and enrollees seeking these covered services.