Regulatory Alerts2024-01-01 | Bulletin 2024-8Bulletin 2024-8: Paid Leave Oregon as an Other Benefit Reducing Short-Term Disability Benefits
The Oregon Department of Consumer and Business Services issued Bulletin 2024-8 to update guidance for insurers offering Short-Term Disability policies regarding the Paid Leave Oregon program. Insurers must ensure plan documents clearly inform consumers about eligibility for Paid Leave Oregon, the requirement to apply for it, and how those benefits reduce Short-Term Disability payouts. Effective December 1, 2024, insurers are required to submit updated plan documents for approval and maintain actuarially sound rates that reflect any benefit reductions.
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