Bill > A08715

This bill directs the state comptroller to conduct a comprehensive audit of the Department of Financial Services (DFS) every two years to ensure the agency is effectively evaluating and assessing insurance companies' compliance with federal and state mental health and substance use disorder parity requirements. The audit will specifically examine the accuracy and effectiveness of DFS in measuring insurers' adherence to these requirements. Upon completing the audit, the comptroller must publish a detailed report that includes specific compliance determinations for each insurer, along with thorough explanations for those determinations. The report must be distributed to key government officials, including the governor, attorney general, legislative leaders, and chairs of relevant committees in both the senate and assembly. The first report must be published by July 1st following the bill's effective date, with subsequent reports to be issued at least every two years thereafter. Mental health and substance use disorder parity requirements ensure that health insurance providers cover mental health and addiction treatments at the same level as they cover physical health treatments.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A8715