The Tri-Agency Rule, finalized by the Departments of Health and Human Services, Labor, and the Treasury, includes notice requirements for Fixed Indemnity insurance policies.

The notice applies to both new and existing coverage with a plan year (group)/coverage period (individual) beginning January 1, 2025 and must display prominently on the first page (in either paper or electronic form, including on a website) of the materials listed below in at least 14-point font:

Individual Market  

  • marketing, application, and enrollment (including reenrollment) materials

  • policy, certificate, or contract of insurance

Group Market

  • marketing, application, and enrollment (including reenrollment) materials

tri state compliance

The Tri-Agency Rule also includes notice requirements for Short-Term, Limited-Duration (STLDI) insurance policies and limitations on the duration of any newly issued STLDI plan, which are effective September 1, 2024.

With the September and January deadlines approaching, states (Alabama, Iowa & Kansas) are starting to issue directives regarding this final rule.

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