Washington, D.C. (August 1, 2018)— NFIB, the nation’s leading small business advocacy organization, issued the following statement on today’s final rule by the U.S. Departments of Treasury, Labor, and Health and Human Services that expanded the maximum duration of short-term limited duration insurance (STLDI) from three to 12 months, and potentially up to 36 months with renewals:
“Today’s final rule by HHS is another positive step for small business owners that are seeking more affordable, flexible, and predictable options for themselves and their employees,” said NFIB President and CEO Juanita D. Duggan. “STLDI plans are among the options on which small business owners often rely and by returning the maximum duration to 12 months or longer, it makes such plans a more reliable option for those who choose them.”
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