FORTY-SECOND LEGISLATURE             HB 449/a
                       SECOND SESSION, 1996
  
  
                                                 February 14, 1996
  
  Mr. President:
  
    Your WAYS AND MEANS COMMITTEE, to whom has been referred
  
                    HOUSE BILL 449, as amended
  
  has had it under consideration and reports same with recommendation
  that it DO PASS, amended as follows:
  
    1.  Strike House Taxation and Revenue Committee amendment 1.
  
    2.  On page 5, between lines 7 and 8, insert the following new
  section:
  
    "Section 3.  Section 59A-23D-3 NMSA 1978 (being Laws 1995,
  Chapter 93, Section 3) is amended to read:
  
    "59A-23D-3.  ACCOUNT ADMINISTRATOR--REGISTRATION WITH
  DEPARTMENT--DEPARTMENT POWERS AND DUTIES.--
  
     A.  An account administrator shall register with the
  department and pay a registration fee of twenty-five dollars
  ($25.00).  The registration fee shall be deposited in the general
  fund.  Registration as an account administrator does not affect the
  regulation of a bank, savings and loan association, credit union,
  trust company or insurance company as otherwise provided by law.
  
     B.  An account administrator shall provide to the department
  annually a list of the employers for whom it provides account
  administration and the number of employees and dependents for whom it
  administers accounts.  The information shall be provided in the form
  requested by the department.  The department may request other
  information it deems appropriate from the account administrator;
  provided, however, that the department shall not request any
  information about an individual employee or dependent unless a
  complaint has been filed with the department by that employee or
  dependent and the information is required to investigate the
  complaint.
    
     C.  The department may receive, investigate and settle
  complaints about medical care savings accounts and account
  administrators or it may refer complaints to other appropriate
  agencies.
  
     D.  The department shall adjust annually the maximum
  deductible for qualified higher deductible health plans to reflect
  the last known increase in the medical care component of the consumer
  price index published by the United States department of labor.  For
  1995, the maximum deductible shall not be less than one thousand
  dollars ($1,000) and not more than three thousand dollars ($3,000).
  
     E.  [The department may adjust annually the maximum employer
  contribution to reflect the last known increase in the medical care
  component of the consumer price index.  For 1995, the employer's
  contribution shall not exceed three thousand dollars ($3,000).]  The
  annual employer contribution per employee shall not exceed two
  thousand five hundred dollars ($2,500).  Any annual contribution by
  an employee shall not exceed two thousand five hundred dollars
  ($2,500)."".
  
    3.  Renumber the succeeding sections accordingly.
  
          
  
                 Respectfully submitted,
  
  
  
                 __________________________________
                 TITO D. CHAVEZ, Chairman 
  
  
  
  Adopted_______________________ Not Adopted_______________________
            (Chief Clerk)                          (Chief Clerk)
  
  
                    Date ________________________
    
  
  The roll call vote was  7  For  0  Against
  Yes:  7
  No:     0
  Excused:   Wiener
  Absent: None
  
  
  S0449WM1                                               .112258.1