Since July 2023, Blue Cross and Blue Shield of Kansas City (Blue KC) has closely followed the ongoing proposed rule related to changes of products filed as Short-Term Limited Duration Insurance (STLDI). We mentioned this during the 2024 Blue KC Broker Rollouts.<\/p>\n\n\n\n
On March 28, 2024, the Departments of Health and Human Services (HHS), Labor, and the Treasury (collectively, the Departments) released final rules for STLDI.<\/p>\n\n\n\n
As we move forward and navigate this change, it\u2019s important to know that until September 1, 2024, it\u2019s business as usual and you can continue to offer your clients the 365-day Short-Term Plus Plans up to 365 Days<\/strong>, as well as the Short-Term Plans Up to 90 days.<\/p>\n\n\n\n Changes to coverage duration and renewal:<\/p>\n\n\n\n Changes to disclosure requirements:<\/p>\n\n\n\n The Departments state the final rule will require health insurance companies to be clear and up front with what consumers are buying by providing a clear, easy-to-understand consumer notice on marketing, application, enrollment, and re-enrollment materials. The final rule also has implications for hospital indemnity and other fixed indemnity supplemental health plans.<\/p>\n\n\n\n For more information on the final rules, please read this fact sheet<\/a>.<\/p>\n\n\n\n To view the final rules, visit the Federal Register<\/a>.New regulations for Short-Term Medical Limited Duration Insurance<\/strong><\/h2>\n\n\n\n
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Health insurance companies\u2019 responsibility<\/strong><\/h2>\n\n\n\n
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