IRS Issues Guidance on the American Rescue Plan Act COBRA Subsidy | Littler
To embed, copy and paste the code into your website or blog: On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA) that contains a new, temporary COBRA subsidy. The ARPA COBRA subsidy requires employers to cover 100% of an employee’s cost of continuing group health coverage under COBRA from April 1, 2021 through September 31, 2021 for those who lost their health care coverage on account of a reduction of hours or an involuntary termination. On April 7, 2021, the Department of Labor released answers to frequently asked questions (FAQs) related to the ARPA COB...
Source: jdsupra.com