TN HB0829

Extends Tennessee's Annual Coverage Assessment Act from 2024 to 2025, shifting the applicable fiscal year from FY 2024-2025 to FY 2025-2026 and pushing the program expiration date from July 1, 2025 to July 1, 2026

Requires covered hospitals to pay annual assessments in equal installments throughout FY 2025-2026, with each payment due 15 days after CMS-approved directed payments are made to hospitals

Allocates $598,945 to maintain emergency care reimbursement rates for nonemergent care to children ages 12-24 months, and increases another funding allocation from $2,111,400 to $2,140,620

Provides $382,400 for six full-time state employees and $1,600,000 for a program manager contract to assist with hospital payment program implementation and management

Allows the assessment to proceed if CMS approvals are obtained except for one specific approval, with directed payment expenditures limited to FY 2024 amounts (or higher as determined by the division with Tennessee Hospital Association consultation) until full CMS approval is received