ANNOUNCEMENT: Short-Term, Limited-Duration Insurance Proposed Rule

Health Insurance Marketplace® sent this bulletin at 02/21/2018 03:59 PM EST

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Proposed Rule Expands

Duration of Short-Term Coverage

The Departments of Health & Human Services (HHS), Labor, and Treasury have issued a proposed rule that would change the maximum duration of short-term, limited-duration health insurance coverage.

Short-term, limited-duration coverage is designed to provide temporary coverage for individuals transitioning between health care policies, such as an individual who is between jobs or a student taking a semester off from school.

The proposed definition would change the maximum duration of short-term, limited-duration insurance to less than 12 months, as opposed to the current maximum duration of less than 3 months.

Additionally, the proposed rule would revise the notice that issuers are required to provide to a consumer to point out the limited nature of the benefits in the policy. For policies with a coverage start date before January 1, 2019, the notices would continue to state that the insurance is not minimum essential coverage (MEC).

The Centers for Medicare and Medicaid Services (CMS) will accept comments on the proposed rule until April 22, 2018. The proposed rule is available here.

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