ComplianceMnthlyRecap MH 5.16.22

Final Rule on Short-Term, Limited-Duration Insurance

By Karen Hsu, Director of Compliance at United Benefit Advisors
  Sep 13, 2018 12:55:19 PM

shutterstock_1039303717On August 3, 2018, the Internal Revenue Service, the Department of Health and Human Services (HHS), and the Department of Labor (collectively, the Departments) published a final rule that amends the definition of short-term, limited-duration insurance. HHS also released a fact sheet on the final rule.

According to the Departments, the final rule will provide consumers with more affordable options for health coverage because they may buy short-term, limited-duration insurance policies that are less than 12 months in length and may be renewed for up to 36 months.

The final rule will apply to insurance policies sold on or after October 2, 2018.


For more information on the Final Rule on Short-Term, Limited-Duration Insurance, contact your local UBA Partner Firm.


Topics: health insurance, Department of Labor, Department of Health and Human Services, Internal Revenue Service