New Mexico Affordable Insurance Exchange Grants Awards List
New Mexico has received two grant awards to build its Affordable Insurance Exchange. This includes a Planning Grant and a Level One Establishment Grant.
Summaries of New Mexico’s applications for each grant are provided below:
Establishment Grant Level One Application Summary
Administrator: New Mexico Human Services Department
Award Amount: $34,279,483
Award Date: November 29, 2011
Application Due Date: September 30, 2011
Level of Funding: Level One
Summary: New Mexico will use Level One funding to develop and establish the New Mexico Health Insurance Exchange over the next 12 months and to meet the timelines for certification and operation by 2014. The objectives for Level One funding are to: refine the Exchange vision and objectives to comply with laws and regulations; amend state law as necessary to comply with federal law; secure staff and consultant resources for Exchange planning, development, implementation, operations, and stakeholder engagement; develop and implement a multi-year Exchange business and operational plan, including the activities, timelines, and benchmarks and the IT infrastructure and functionality necessary to fully operate in 2014; develop systems and program capacity in each core area to achieve Exchange certification by January 2013; submit a Level Two Establishment grant application in March 2012; begin Exchange operations in 2014; and, determine funding mechanisms to be self-sustaining by 2015.
State Planning Grant
Awarded September 30, 2010
Administrator: New Mexico Department of Human Services
Amount Awarded: $1,000,000
- Fund a financial modeling tool and report, which will identify the population of affected individuals and employers and project the effect of an Exchange(s) on the marketplace, populations of affected individuals, State expenditures and changes in spending by payer.
- Determine the changed distribution of health insurance coverage by payer and the change in health insurance coverage under all of the federal health care reform measures.
- Study and begin to implement the details of implementing the Exchange(s).
- Provide follow-up research and analyses, as suggested by the direction and inquiries made by the Legislature and the incoming Governor.
- Consider a regional Exchange for group purchasing or collective IT vendor.