On March 28, the Departments of Health and Human Services (HHS), Department of Labor and Department of Treasury released their final rule preventing short-term, limited-duration insurance (STLDI) plans from being marketed as standard coverage. In this rule, the Departments finalized provisions to limit the length of coverage under STLDI plans from up to 36 months to no more than four months, with additional changes to how and when issuers of STLDI plans are allowed to sell plans. The goal of these changes is to realign STLDI with its intended goal of providing temporary coverage and ensure that consumers are protected when shopping for coverage.
The Departments noted that the rule is intended to provide a clear distinction between STLDI plans and comprehensive coverage compliant with Affordable Care Act (ACA) protections for consumers. These provisions further the goals of the ACA by expanding access to affordable and comprehensive coverage, strengthening health insurance markets and improving patient understanding of their coverage options.
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