Tennessee legislation · 114th General Assembly

Tennessee SB2557: AN ACT to amend Tennessee Code Annotated, Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 10; Title 12; Title 29; Title 35; Title 36; Title 37; Title 39; Title 40; Title 41; Title 42; Title 45; Title 47; Title 49; Title 50; Title 52; Title 53; Title 56; Title 58; Title 63; Title 67; Title 68 and Title 71, relative to health insurance.

Status: Chaptered, May 27, 2026

Fiscal Summary NOT SIGNIFICANT Bill Summary ON APRIL 15, 2026, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2503, AS AMENDED. AMENDMENT #1 rewrites the bill to, instead, authorize a health insurance entity to offer a short-term limited-duration plan and hospital indemnity coverage on the marketplace. SHORT-TERM LIMITED-DURATION PLAN This amendment authorizes a health insurance entity to offer a short-term limited-duration plan if the plan complies with the duration limitations or requirements imposed by federal law for a short-term limited-duration plan to be offered on the marketplace, and provides no less than the following minimum coverage and benefits:  A per person deductible of no more than $10,000 per term. A per family deductible for all covered family members of no more than $10,000 per term. A coinsurance of no more than 20% per term. A maximum out-of-pocket coinsurance of no more than $5,000 per term. A maximum benefit, per person, per term, of one million dollars. Coverage with a copay of no more than $50 per person, per term, for a visit with a physician for the enrollee's history and exam only. Coverage with a copay of no more than $50 per person, per term, for an urgent care visit. A copay of no more than 20% of the reasonable and customary charges for: (i) a preventative care visit, (ii) an emergency room visit for accident or illness, (iii) an inpatient hospital service, (iv) an outpatient surgery, (v) a lab, and (vi) an x-ray. Four tiers of pharmacy benefits for outpatient prescription drugs as follows: (i) for the first tier, coverage of preferred generic drugs with a copay of no more than $25 and no deductible, (ii) for the second tier, coverage of generic drugs, (iii) for the third tier, coverage of preferred brand drugs, and (iv) for the fourth tier