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Group health continuation coverage under the Consolidated Omnibus Reconciliation Act of 1985 (“COBRA”) permits certain group health coverage to be continued by participants and beneficiaries (“qualified beneficiaries”) when coverage is lost due to certain “qualified events,” such as termination of employment or a reduction of hours.
Under Section 9501 of the American Rescue Plan Act of 2021 (“ARPA”), an “assistance eligible individual” (“AEI”) is not required to pay the cost of COBRA coverage (“COBRA Subsidy”) for the period beginning April 1, 2021 through September 30, 2021 (“Subsidy Period”). The Employee Benefits Security Administration has issued guidance, including Frequently Asked Questions (“FAQs”) and Model Notices related to the COBRA Subsidy. Employers offering COBRA are required to provide the COBRA Subsidy to any AEI, which they then can recoup through a payroll tax credit
HSA investments account for a bigger chunk of the business: Report investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Bar licenses are approved pending sale Gays Mills
GAYS MILLS - It was a relatively short meeting of the Gays Mills Village Board on Monday, Jan. 11, but several important issues were addressed.
In new business, the board approved the Alcohol Beverage License Application of Michael Ehde for the M and M Bar for Class ‘B’ Beer & Liquor at 312 Main Street–pending the final sale of J&Js on Main Street to Ehde scheduled for January 18.
A motion to approve the license application was made by village trustee Aaron Fortney. It was seconded by Larry McCarn and passed by the board.
The Mehlville Fire Protection District renewed its health insurance contract with United Healthcare this year, but employees seeing higher deductibles will get assistance from the district.
The Board of Directors unanimously voted Nov. 18 to offer employee insurance from United Healthcare in 2021 and to establish a Health Reimbursement Arrangement, an employer-funded health benefit plan that reimburses employees for qualified out-of-pocket medical expenses.
Chief Financial Offi cer Brian Bond told the board in October that agent USI Insurance Services increased health-care renewals by 37 percent in 2021, equating to $672,000 in additional premiums for this year.
“Unfortunately that’s just not sustainable for the 2021 budget,” said Bond. “To find a more fiscally palatable option, USI presented an option that involves increasing the deductible.”
janderson@ironmountaindailynews.com
THE DICKINSON COUNTY BOARD will have a public hearing tonight at the county courthouse in Iron Mountain on the proposed $9.9 million general fund budget for 2021. (Betsy Bloom/Daily News photo)
IRON MOUNTAIN A public hearing will take place tonight on Dickinson County’s proposed 2021 general fund budget totaling $9.9 million, up 1.5% from this year.
The hearing will be during a county board meeting that begins at 6 p.m. in the circuit courtroom of the courthouse. Instructions for electronic participation will be posted at www.dickinsoncountymi.gov.
The county expects no pandemic aid in 2021, although that remains a possibility, as does the potential for reduced state revenues.