Tri-Agency Proposed Rule Changes
In July 2023, the U.S. Department of the Treasury, the Department of Labor, and the Department of Health and Human Services published proposed rule changes to short-term limited duration insurance, hospital or other fixed indemnity coverage, specific disease insurance, and taxation of fixed indemnity benefits. We developed a survey to gather information on carriers’ understanding of the potential impacts to the products as a result of these proposed changes. This report provides a summary of the survey responses from 48 carriers in the supplemental insurance market.
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Tri-Agency Proposed Rule Changes
In July 2023, the U.S. Department of the Treasury, the Department of Labor, and the Department of Health and Human Services published proposed rule changes to short-term limited duration insurance, hospital or other fixed indemnity coverage, specific disease insurance, and taxation of fixed indemnity benefits.