Bill > A08714

This bill requires insurers providing various types of health insurance to submit detailed reports to the New York State Superintendent of Financial Services every two years, documenting their compliance with federal and state mental health and substance use disorder parity laws. The bill expands on existing reporting requirements by mandating that the superintendent conduct a comprehensive audit of each submitted report, which will include examining the insurer's compliance with mental health parity laws. If the superintendent identifies credible evidence of willful violations of these parity requirements, they are required to provide their findings to the Attorney General, who may then initiate legal action to enforce compliance. Mental health and substance use disorder parity laws generally require health insurance providers to cover mental health and substance abuse treatments at the same level as they would cover physical health treatments. The bill aims to increase oversight and accountability in the insurance industry's approach to mental health coverage, ensuring that insurers are treating mental health services equitably with other medical services.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A8714