Insurance, Health, Accident

Plain English Breakdown

The official source does not provide details about requiring clear printing of the refund period notice on policy documents. The effective date is mentioned but without specific wording about application to policies and certificates.

Health Insurance Refund Period Extension

This act changes Tennessee law to extend the refund period for Medicare supplement insurance from 30 days to 60 days.

What This Bill Does

• Changes the refund period for Medicare supplement policies from 30 days to 60 days.

Who It Names or Affects

• People who buy Medicare supplement insurance policies in Tennessee starting January 1, 2026.

Terms To Know

Medicare supplement policy

A type of health insurance that helps pay for some costs not covered by original Medicare.

Limits and Unknowns

• The bill does not specify what happens to policies bought before January 1, 2026.
• It is unclear if this change will affect the cost or availability of Medicare supplement insurance in Tennessee.

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

SENATE BILL 552
By Reeves

HOUSE BILL 508
By Terry

HB0508
002081
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 4,
Chapter 3, Part 13; Title 8; Title 55, Chapter 12;
Title 56 and Title 71, relative to insurance.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 56-7-1506, is amended by deleting
the language "thirty (30) days" and substituting "sixty (60) days".
SECTION 2. This act takes effect January 1, 2026, the public welfare requiring it, and
applies to policies and certificates entered into, issued, delivered, amended, or renewed on or
after that date.