SB0420 amends Tennessee pharmacy benefits laws, affecting health plans, insurers, and pharmacy benefits managers.
SB0420 amends Tennessee Code Annotated to revise pharmacy benefits, impacting health plans, insurers, and pharmacy benefits managers. It modifies the calculation of enrollee cost-sharing, ensuring it aligns with federal health savings account rules. The act also restricts insurers, pharmacy benefits managers, and third-party administrators from altering health plan coverage based on financial or product assistance for prescription drugs. This legislation applies to health plans entered into, amended, extended, or renewed on or after January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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