Insurance, Health, Accident - As introduced, extends from 30 to 60 days the period of time following delivery of a medicare supplement policy or certificate during which an applicant may have the premium refunded, and about which each medicare supplement policy or certificate must have notice prominently printed on the first page of the policy or certificate. - Amends TCA Title 4, Chapter 3, Part 13; Title 8; Title 55, Chapter 12; Title 56 and Title 71.

HB 508 extends the refund period for Medicare supplement policies (Medigap) in Tennessee from 30 to 60 days after policy delivery. This change directly affects consumers who purchase these policies, giving them more time to review coverage and request a premium refund if unsatisfied. The bill requires all policies to include a clear notice about the 60-day refund window prominently on the first page. It will take effect January 1, 2026, for policies delivered on or after that date.