Whereâs My Stimulus Payment? Maybe in Your Account. (Finally!)
The latest round of payments are the biggest yet, and open to more kinds of dependents. But some hassles encountered in past rounds could show up again, and maybe new ones, too.
President Biden signed the pandemic stimulus legislation, the American Rescue Plan Act, with Vice President Harris in the Oval Office last week.Credit.Doug Mills/The New York Times
March 17, 2021
For the third time in less than a year, the federal government is sending stimulus payments to millions of Americans, no small logistical feat. But that doesnât mean it will go smoothly for everyone.
COVID relief package to help over 100,000 NJ uninsured get covered
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COVID relief package to help over 100,000 NJ uninsured get covered
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New COVID Relief Act Provides COBRA Premium Subsidies and Increased Exclusion for Employer-Provided Dependent Care Assistance Programs Monday, March 15, 2021
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (the “Act”). As part of the almost $2 trillion in relief, the Act contains provisions creating a temporary subsidy for premium payments for extended health care coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), as well as increasing the income exclusion for employer-provided dependent care assistance programs in 2021.
As group health plans will likely see an increase in COBRA continuation coverage elections as a result of the COBRA premium subsidy, group health plan sponsors and plan administrators should ensure they are complying with the complex administrative requirements under recent guidance from the Department of Labor, Department of the Treasury and Internal Revenue Service (col