Extended Election News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Who Needs to Know Why It Matters The May 31 deadline to notify workers about new COBRA continuation coverage rights is rapidly approaching. Many employers still have questions about who should receive this notice. This alert provides a step-by-step guide to help answer this question. By now you're aware that the American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, provides a six-month COBRA subsidy for individuals who lose health coverage due to an involuntary termination of employment or reduction of hours. We're also certain that you're aware of the looming May 3...

Section 9501 of the American Rescue Plan Act of 2021 (the "ARPA") 1 requires certain employers to offer free COBRA coverage to certain individuals between April 1, 2021 and September 30, 2021. The ARPA provides tax credits to employers to offset the cost of the COBRA coverage. The right to free COBRA coverage extends to some individuals whose right to COBRA coverage previously ended. The original version of this blogpost, written shortly after passage of the ARPA, reviewed eligibility free coverage and extended coverage, how the tax credits work, and potential issues pertaining to insurance ...

of COBRA Premium Assistance Provisions under the American Rescue Plan Act of 2021 (including a “Request for Treatment as an Assistance Eligible Individual” Form) The “summary” portion of this notice must be included with all three notices listed above: (i) the General Notice; (ii) the Notice in Connection with Extended Election Period; and (iii) the Model Alternative Notice. The “request” portion enables individuals to request premium assistance or to discontinue it. Next Steps and Takeaways With the model notices now available, employers are well-advised to begin the notificatio...

To print this article, all you need is to be registered or login on Mondaq.com. The Department of Labor ("DOL") has issued model notices regarding COBRA premium assistance (a/k/a COBRA subsidies).  As we wrote about here, as part of the American Rescue Plan Act of 2021 (the "Act"), Congress sought to enable qualifying individuals - known under the law as "Assistance Eligible Individuals" or "AEIs" - to continue their healthcare coverage by subsidizing their COBRA premium payments for the period between April 1 and September 30, 2021.  We discuss these notice requirem...

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...