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New COBRA Subsidies Create Urgency For Employers - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. President Joe Biden signed the American Rescue Plan Act of 2021 (American Rescue Plan) into law on March 11, 2021. The American Rescue Plan provides up to six months of full Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) premium payments for assistance eligible individuals (AEIs). The COBRA subsidy period lasts from April 1, 2021, to Sept. 30, 2021. The American Rescue Plan provides new special election opportunities for certain AEIs and imposes several new notice requirements on employers with respect to the subsidies. The quickly-approaching deadlines create some urgency for employers to

The American Rescue Plan Act Of 2021 COBRA Premium Subsidy - Food, Drugs, Healthcare, Life Sciences

To print this article, all you need is to be registered or login on Mondaq.com. The American Rescue Plan of 2021 (ARPA), which was recently signed into law by President Biden, contains several provisions designed to assist employers and employees in the wake of the COVID-19 pandemic. Among other things, Section 9501 of ARPA establishes a 100% premium subsidy under the Consolidated Omnibus Budget Reconciliation Act (COBRA), as well as additional COBRA enrollment rights for certain employees. In general, COBRA requires all group health plans sponsored by private employers to offer temporary continuation of coverage to employees and their families when such coverage would otherwise be

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