AB 955: Mexican prepaid health plans.

This bill aims to modify the requirements for prepaid health plans operating in California. A prepaid health plan must offer and sell employer-sponsored group plan contracts exclusively for the benefit of Mexican nationals or individuals legally employed in certain counties and their dependents. The plan must also maintain a minimum tangible net equity of at least $2,300,000 or demonstrate an alternative reimbursement arrangement. The bill allows a prepaid health plan to offer these contracts to an employer that provides alternative health care coverage through a full-service health care service plan or a health insurance policy. This provision aims to reduce the financial burden on the plan. The bill also requires the state to reimburse local agencies and school districts for certain costs mandated by the state. However, no reimbursement is required for this specific act.