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ACA Compliance Bulletin: Final Rule Expands Short-Term, Limited Duration Insurance

On August 3, 2018, the Department of Labor, Department of Health and Human Services, and the Department of Treasury published final regulations amending the definition of short-term, limited-duration insurance for purposes of the Affordable Care Act (ACA). These regulations provide a maximum coverage period of up to 12 months and amend the notice to provide additional specificity, including a list of benefits that might not be covered. The amended notice is provided in this article along with guidelines for its use. Additionally, the final regulations allow short-term, limited-duration insurance to continue for up to 36 months, in total, taking into account renewals or extensions. All of these changes are expected to make healthcare of this kind more affordable. 

Contact your Cowden representative for more information on this or other compliance issues.

Read the Compliance Bulletin PDF