Live Breaking News & Updates on Extended Election Period
Stay updated with breaking news from Extended election period. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Our Employee Benefits & Executive Compensation Group summarizes the IRS’s 86 Q&As about the COBRA premium assistance subsidy and offers takeaways employers can use to guide their path. ....
As we previously reported, the recently enacted American Rescue Plan Act of 2021 (ARPA) includes a six-month COBRA premium subsidy whereby the federal government subsidizes 100% of the. ....
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 notification process for impacted employees, including by contacting their COBRA vendors and administrators to ensure that each AEI receives the appropriate notice. In particular, employers should not overlook those AEIs eligible for a “second chance” notice, which must be sent to them no later May 31, 2021. ....
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 requirements and related issues below. The COBRA Subsidy Notices For Qualifying Events Occurring ....
ARP COBRA Subsidy Special Election Opportunity: Who Gets a Second Bite at the Apple, and How Do They Take It? | Proskauer - Employee Benefits & Executive Compensation Blog 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.