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NY S08619
Bill
Status
12/17/2025
Primary Sponsor
Pamela Helming
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AI Summary
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Requires any bill that creates or expands mandated insurance benefits to include an actuarial fiscal note estimating the annual cost impact on policyholders' premiums
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Applies to insurance plans of New York State, its political subdivisions, and all authorized insurers doing business in the state
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Mandates that fiscal notes include an actuarial analysis of potential premium impacts and effects on all segments of the insurance market
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Requires bills that add, expand, or require coverage under the Medicaid fee-for-service program to include fiscal notes estimating annual costs to the state and local social services districts, prepared in consultation with the Department of Health and Division of the Budget
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Omission of the required fiscal note would invalidate the bill
Legislative Description
Requires fiscal notes to be included on any bill which imposes a new mandated insurance benefit or service; expands an existing mandated insurance benefit or service, or adds, expands or requires coverage of any benefit or service under the Medicaid fee-for-service program; requires such fiscal notes to include an actuarial analysis of the potential impact on insurance premiums as a result of such new or expanded mandated insurance benefit or service.
Last Action
NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
3/16/2026