Bill > A05753

This bill directs the state comptroller to conduct a biennial audit of the Department of Financial Services (DFS) to ensure the agency is properly evaluating insurers' compliance with mental health and substance use disorder parity requirements. These parity requirements are laws that mandate insurance companies provide equal coverage and treatment for mental health and substance use disorders as they do for physical health conditions. The audit will assess the accuracy and effectiveness of DFS in measuring and evaluating insurer compliance. Upon completion, the comptroller must publish a detailed report that includes compliance determinations for each insurer, with thorough explanations for those determinations. The report must be distributed to key state officials, including the governor, attorney general, legislative leaders, and chairs of relevant committees, no later than July 1st following the audit. Subsequent audit reports will be published at least every two years. The bill aims to increase transparency and accountability in the enforcement of mental health and substance use disorder insurance parity laws.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5753