Department Of Labor Issues Guidance, Model Notices For COBRA Premium Subsidies Under The American Rescue Plan Act | Fox Rothschild LLP

To embed, copy and paste the code into your website or blog:
On April 7, 2021, the U.S. Department of Labor (DOL) issued much needed guidance to employers and their COBRA administrators on the “COBRA premium subsidy” provision of the American Rescue Plan Act (ARPA). This provision requires employers to subsidize COBRA coverage for Assistance Eligible Individuals (AEIs) and their beneficiaries and to provide notice to AEIs who are losing their health care coverage and are eligible for COBRA premium assistance.
Review of Federal COBRA Subsidy
Under the ARPA, the federal government will pay 100% of COBRA insurance premiums from April 1, 2021 through September 30, 2021 for individuals who lose health coverage due to a qualifying event, such as a reduction in hours or involuntary termination of employment. In short, this subsidy applies to anyone who lost health insurance through a qualifying event within the past 18 months, even if it was unrelated to the COVID-19 pandemic.

Related Keywords

New York ,United States ,American , ,Us Department Of Labor ,Fox Rothschild ,Department Of Labor ,American Rescue Plan Act ,Assistance Eligible Individuals ,Employee Retirement Income Security Act ,Notice Requirements Provided ,Internal Revenue ,Coverage Election Notice ,Coverage Notice ,Extended Election Periods ,Model Alternative Notice ,Model Notice ,Premium Assistance ,புதியது யார்க் ,ஒன்றுபட்டது மாநிலங்களில் ,அமெரிக்கன் ,எங்களுக்கு துறை ஆஃப் தொழிலாளர் ,நரி ரோத்ஸ்‌சைல்ட் ,துறை ஆஃப் தொழிலாளர் ,அமெரிக்கன் மீட்பு திட்டம் நாடகம் ,உதவி தகுதியானவர் தனிநபர்கள் ,ஊழியர் ஓய்வு வருமானம் பாதுகாப்பு நாடகம் ,உள் வருவாய் ,மாதிரி அறிவிப்பு ,ப்ரீமியம் உதவி ,