On August 1, 2018, the Department of the Treasury, the Department of Labor and the Department of Health and Human Services issued a final rule regarding Short-Term, Limited Duration Insurance. This rule amends the definition of short-term, limited-duration insurance for purposes of its exclusion from the definition of individual health insurance coverage. Under the current rule issued in late 2016, short-term, limited duration insurance cannot last for more than 3 months. Under this new rule, the limit is 12 months, and insurers may extend policies up to 36 months. For more information about this final rule and the requirements contained therein, please contact Westmont Associates, Inc.
Westmont Associates, Inc. tracks developments affecting the insurance industry, in addition to our other services. If you have any questions, please contact us.
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