Are Your COBRA Notices Sufficient to Avert a Costly Challenge? | Bryan Cave Leighton Paisner jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Leveraging Health Care Reform To Address Underinsurance In Working Families healthaffairs.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from healthaffairs.org Daily Mail and Mail on Sunday newspapers.
Lisa A. Cooper, MD, MPH; Joshua M. Sharfstein, MD; Rachel L. J. Thornton, MD, PhD
The American Rescue Plan Act of 2021 (ARPA), a $1.9 trillion economic stimulus bill, was signed into law by President Biden on March 11, 2021.
1 Although the bill largely focused on the devastation related to the COVID-19 pandemic, the ARPA is also poised to effectuate a momentous expansion of the Patient Protection and Affordable Care Act (ACA).
2 With an eye toward increasing access to health care and bolstering affordability, the ARPA expands health insurance marketplace subsidies, defrays the health insurance costs of the unemployed, and incentivizes nonexpansion states to expand their Medicaid programs to all low-income adults.
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..
On May 18, 2021, IRS issued Notice 2021-31 regarding COBRA premium subsidy provisions of ARPA. The IRS has now issued additional FAQs in the Notice Below is a summary of the provisions of the Notice most relevant to employers and plan sponsors.