AN ACT to amend Tennessee Code Annotated, Title 56, relative to excepted benefits exemptions.
If enacted, HB 0927 would significantly affect insurance policies or contracts within the state of Tennessee. The law will only come into effect on July 1, 2025, and will apply to any insurance agreements that are entered into, issued, delivered, amended, or renewed after that date. By limiting the coverage requirements for excepted benefits, it could lead to a reduction in the array of services and conditions that health insurance must cover, thus impacting policyholders and providers alike.
House Bill 0927 aims to amend the Tennessee Code Annotated, specifically Title 56, by introducing a new section that addresses exemptions related to excepted benefits. The bill stipulates that excepted benefits, as defined by Tennessee law, do not necessitate the coverage for any specific individual, provider, treatment, service, condition, or disease, unless a legal requirement expressly demands their coverage. This legislative measure appears to target the regulatory landscape for health insurance policies within the state.
The sentiment surrounding HB 0927 may vary based on stakeholder perspectives. Supporters may argue that the bill simplifies the healthcare insurance landscape by reducing regulatory burdens on insurers, potentially leading to lower premiums for consumers. Conversely, opponents might express concern that this legislation could undermine comprehensive healthcare coverage, leaving policyholders vulnerable if their needs fall into categories not covered under the revised exemptions. The debate may revolve around the balance between regulatory efficiency and the assurance of adequate health care access.
Noteworthy points of contention regarding HB 0927 include the potential for reduced coverage options for policyholders and the implications this may have for public health. Concerns may arise about whether this bill could lead to increased costs for consumers who might find themselves facing out-of-pocket expenses for services previously covered by their insurance. The revision of coverage mandates could also raise questions about equity in healthcare access, especially for vulnerable populations who depend heavily on comprehensive benefits.