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As part of the American Rescue Plan Act of 2021, certain individuals who are eligible for and elect continuation of medical coverage under the Consolidated Omnibus Budget and Reconciliation Act of 1985, as amended (COBRA) or other similar state and local laws became eligible to receive COBRA continuation coverage subsidized by the federal government beginning on April 1, 2021, and ending on September 30, 2021.
For the specific notices, first, employers are required to provide a general notice to all qualified beneficiaries who have a COBRA qualifying event that consists of a reduction in hours or an involuntary termination of employment from April 1, 2021, through September 30, 2021. The notice may be provided separately or with the plan’s regular COBRA election notice following a COBRA qualifying event. The model notice for this purpose can be found here.
President Biden has signed into law the American Rescue Plan Act of 2021. The act contains a number of provisions affecting employee benefit plans. A description of some of these.