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NY A02556
Bill
Status
Introduced
1/17/2025
Primary Sponsor
Stephen Hawley
Click for details
AI Summary
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Requires health insurers to provide written notice to policyholders of any premium rate changes at least 60 days, but no more than 120 days, before the new rates take effect
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Applies to group and blanket health insurance policies for both large and small group policyholders at the time of coverage renewal
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Amends Section 3221 of the insurance law regarding modifications to health insurance coverage
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Takes effect on January 1 following enactment of the law
Legislative Description
Provides written notice of premium rate changes not less than sixty days prior to the effective date of such rate changes.
Last Action
referred to insurance
1/7/2026
Committee Referrals
Insurance1/17/2025
Full Bill Text
No bill text available