State of New Mexico House of Representatives FORTY-THIRD LEGISLATURE FIRST SESSION, 1997 February 26, 1997 Mr. Speaker: Your TAXATION AND REVENUE COMMITTEE, to whom has been referred HOUSE BILL 43 has had it under consideration and reports same with recommendation that it DO PASS, amended as follows: 1. On page 1, line 13, before the period insert "; LIMITING EMPLOYEE CONTRIBUTIONS TO MEDICAL CARE SAVINGS ACCOUNTS". 2. On page 2, between lines 6 and 7, insert the following section: "Section 2. 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). Any contribution by an employee shall not exceed the maximum employer's contribution allowed by the department."". 3. Renumber the succeeding section accordingly. Respectfully submitted, Jerry W. Sandel, Chairman Adopted Not Adopted (Chief Clerk) (Chief Clerk) Date The roll call vote was 9 For 0 Against Yes: 9 Excused: Gubbels, Porter, Sandoval, Stell Absent: None .117716.1 G:\BILLTEXT\AMEND_97\H0043TR1