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DOL Issues Model Notices For COBRA Subsidy Under American Rescue Plan Act | Arent Fox - Vimarsana News

DOL Issues Model Notices For COBRA Subsidy Under American Rescue Plan Act | Arent Fox

To embed, copy and paste the code into your website or blog: As discussed in a previous alert, The American Rescue Plan Act (ARPA) provides 100% subsidized premiums for health care continuation coverage under COBRA for eligible individuals and their dependents.   The subsidized premiums are available from April 1, 2021, through September 30, 2021 (the “Premium Assistance Period”), unless earlier terminated as discussed below. The Department of Labor (DOL) was charged with preparing model notices for employers, plan administrators, or insurance companies to send to eligible individuals, a...

DOL Issues Model Notices, FAQs and Other Guidance About the ARP COBRA Premium Subsidy | Murtha Cullina - Vimarsana News

DOL Issues Model Notices, FAQs and Other Guidance About the ARP COBRA Premium Subsidy | Murtha Cullina

To embed, copy and paste the code into your website or blog: On April 7, 2021, the U.S. Department of Labor (DOL) issued welcome guidance–including eagerly-anticipated model notices–to help employers and their COBRA administrators implement the temporary six-month (April 1 to September 30, 2021) COBRA premium subsidy provided under the American Rescue Plan Act of 2021 (“ARP”) with respect to certain individuals who have lost or who will lose employer-sponsored group health coverage due to a reduction in hours or involuntary termination of employment. DOL Guidance Packet. The DOL’s g...

Guidance Issued on Implementation of ARPA COBRA Premium Subsidy | Saul Ewing Arnstein & Lehr LLP - Vimarsana News

Guidance Issued on Implementation of ARPA COBRA Premium Subsidy | Saul Ewing Arnstein & Lehr LLP

To embed, copy and paste the code into your website or blog: 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 Subs...

Department Of Labor Publishes Model Notices For American Rescue Plan Act's COBRA Subsidy - Employment and HR - Vimarsana News

Department Of Labor Publishes Model Notices For American Rescue Plan Act's COBRA Subsidy - Employment and HR

As detailed in our March 17 Alert, the American Rescue Plan Act of 2021 (ARP) provides for a temporary 100 percent COBRA subsidy for eligible individuals whose qualifying event was an involuntary termination of employment or reduction in hours. The subsidy under the ARP is in effect from April 1, 2021, through September 30, 2021. The ARP makes the subsidy available for "Assistance Eligible Individuals." An assistance eligible individual is a COBRA-qualified beneficiary who meets the following requirements during the period from April 1 through September 30, 2021: Is eligible for COBRA contin...

Source: mondaq.com
Model ARPA COBRA Notices Have Arrived - Vimarsana News

Model ARPA COBRA Notices Have Arrived

Model ARPA COBRA Notices Have Arrived! Thursday, April 8, 2021 On April 7, 2021, the U.S. Department of Labor (DOL) issued eagerly anticipated guidance on administering COBRA subsidies under the American Rescue Plan Act of 2021 (ARPA). The guidance includes Frequently Asked Questions (FAQs) and various Model Notices and election forms implementing the COBRA Premium Assistance provisions under ARPA, while also announcing the launch of a page dedicated to COBRA Premium Subsidy guidance on its website. Since ARPA was enacted, employers have been preparing to comply, albeit with many ...