Tennessee · 114th Regular Session (2025-2026) · Bill

SB 420: Insurance, Health, Accident - As introduced, prohibits an insurer, pharmacy benefits manager, or third-party administrator from changing or conditioning the terms of health plan coverage based on availability of financial or other product assistance for a prescription drug; establishes certain procedures for calculating an enrollee's contribution to an applicable cost sharing requirement. - Amends TCA Title 4; Title 8; Title 10; Title 53; Title 56; Title 63; Title 68 and Title 71.

In committee Last action April 7, 2026: Assigned to General Subcommittee of Senate Commerce and Labor Committee

Plain-language summary

SB 420 is a bill introduced in the Tennessee Senate on January 28, 2025. According to its official title, it concerns: Insurance, Health, Accident - As introduced, prohibits an insurer, pharmacy benefits manager, or third-party administrator from changing or conditioning the terms of health plan coverage based on availability of financial or other product assistance for a prescription drug; establishes certain procedures for calculating an enrollee's contribution to an applicable cost sharing requirement. - Amends TCA Title 4; Title 8; Title 10; Title 53; Title 56; Title 63; Title 68 and Title 71. Primary sponsor: Reeves. Most recent recorded action (April 7, 2026): Assigned to General Subcommittee of Senate Commerce and Labor Committee.

Sponsors

Primary sponsor: Reeves.