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Benefits Counselor – June 2021 - Employment and HR

Benefits Counselor – June 2021 - Employment and HR
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New COBRA Subsidies Create Urgency For Employers - Employment and HR

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President Joe Biden signed the American Rescue Plan Act of 2021
(American Rescue Plan) into law on March 11, 2021. The American
Rescue Plan provides up to six months of full Consolidated Omnibus
Budget Reconciliation Act of 1985 (COBRA) premium payments for
assistance eligible individuals (AEIs). The COBRA
subsidy period lasts from April 1, 2021, to Sept. 30, 2021.
The American Rescue Plan provides new special election
opportunities for certain AEIs and imposes several new notice
requirements on employers with respect to the subsidies. The
quickly-approaching deadlines create some urgency for employers to ....

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The American Rescue Plan Act Of 2021 COBRA Premium Subsidy - Food, Drugs, Healthcare, Life Sciences

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The American Rescue Plan of 2021 (ARPA), which was recently
signed into law by President Biden, contains several provisions
designed to assist employers and employees in the wake of the
COVID-19 pandemic. Among other things, Section 9501 of ARPA
establishes a 100% premium subsidy under the Consolidated Omnibus
Budget Reconciliation Act (COBRA), as well as additional COBRA
enrollment rights for certain employees.
In general, COBRA requires all group health plans sponsored by
private employers to offer temporary continuation of coverage to
employees and their families when such coverage would otherwise be ....

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The American Rescue Plan Act Of 2021 COBRA Premium Subsidy - Food, Drugs, Healthcare, Life Sciences

The American Rescue Plan Act Of 2021 COBRA Premium Subsidy - Food, Drugs, Healthcare, Life Sciences
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COVID-19 Proposals Should Focus on Disease, Not Wasteful Spending Increases

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The COVID-19 pandemic, the deadliest of its kind in a century, created a wave of human suffering and severe economic disruption. In April 2020, the U.S. unemployment rate reached 14.8 percent, a full four points above the previous post–World War II high.REF
Amidst concerns that the economy could spiral into a new depression as a result of pandemic-related economic restrictions, legislators passed five relief bills that authorized over $4 trillion in combined spending.REF The combination of record-setting spending and reduced revenue caused a surge in gross federal debt, spiking from $23.4 trillion on March 13, 2020, to $27.9 trillion on February 9, 2021,REF an increase of over $34,000 per household in less than 11 months.REF ....

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