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Are your employee benefits ready for 2022?

Are your employee benefits ready for 2022?
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OP-ED: Are your employee benefits ready for 2022? • Daily Journal of Commerce

OP-ED: Are your employee benefits ready for 2022? • Daily Journal of Commerce
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Subsidized COBRA Elections under ARPA Override COBRA Election Deadline Extensions | Snell & Wilmer

As detailed in our SW Benefits Update, “Ironing Out the Wrinkles – IRS Answers 86 Questions About COBRA Relief Under the American Rescue Plan Act,” the IRS recently released Notice.

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Ironing Out the Wrinkles – IRS Answers 86 Questions About COBRA Relief Under the American Rescue Plan Act | Snell & Wilmer

The American Rescue Plan Act (“ARPA”) has been the law of the land since March 11, 2021. Even so, many questions remained unanswered with respect to ARPA’s impact on group health plans..

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IRS Issues Comprehensive Guidance Regarding ARPA COBRA Subsidy | Bond Schoeneck & King PLLC

[author: Lawrence Finnell] On May 18, 2021, the Internal Revenue Service (IRS) issued Notice 2021-31 (Notice) which provides additional guidance and clarifications concerning the new COBRA premium assistance (“premium assistance” or “subsidies”) provisions enacted under the American Rescue Plan Act of 2021 (ARPA). As previously reported, under ARPA, employers are required to provide temporary 100% COBRA premium subsidies for certain eligible individuals who elect continuation coverage that is effective during the period of April 1 through September 30, 2021 (for all of the period, or any part of it). Employers will receive a tax credit in the amount of the subsidies provided. The Notice follows a question and answer format addressing specific issues regarding the implementation of the ARPA COBRA subsidies. Below are some of the highlights from the Notice.

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