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You Need More Life Insurance If You Have Any of These Life Changes

You Need More Life Insurance If You Have Any of These Life Changes
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Guidance Issued on Implementation of ARPA COBRA Premium Subsidy | Saul Ewing Arnstein & Lehr LLP


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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 Subsidy”) for the period beginning April 1, 2021 through September 30, 2021 (“Subsidy Period”). The Employee Benefits Security Administration has issued guidance, including Frequently Asked Questions (“FAQs”) and Model Notices related to the COBRA Subsidy. Employers offering COBRA are required to provide the COBRA Subsidy to any AEI, which they then can recoup through a payroll t ....

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Numerous Benefit Lifelines in the American Rescue Plan | Dechert LLP


[co-author: Kim Lee]
The American Rescue Plan Act of 2021 (“ARPA”), which was signed into law on March 11, 2021, includes a number of provisions relating to health and welfare plans that will be beneficial to many Americans. In addition, ARPA provides funding relief to single-employer defined benefit plans and significant financial assistance to the most underfunded multiemployer plans. However, ARPA does not rescue everyone, and actually expands the group of employees subject to the $1 million dollar limit on certain compensation deductions contained in Section 162(m) of the Internal Revenue Code (“Code”).
ARPA is not the first legislation passed in the wake of the COVID-19 crisis to contain significant benefits- and compensation-related components. For example, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) contained a number of benefits and compensation provisions, which were discussed in our March 2020 OnPoint regarding the CARES Act an ....

United States , Pension Benefit Guaranty Corporation , Department Of Labor , American Rescue Plan Act , Internal Revenue Code , Coronavirus Aid , Economic Security Act , Consolidated Omnibus Reconciliation Act , Dependent Care , Moving Ahead , Century Act , Chief Executive Officer , Chief Financial Officer , Jobs Act , ஒன்றுபட்டது மாநிலங்களில் , ஓய்வூதியம் நன்மை உத்தரவாதம் நிறுவனம் , துறை ஆஃப் தொழிலாளர் , அமெரிக்கன் மீட்பு திட்டம் நாடகம் , உள் வருவாய் குறியீடு , பொருளாதார பாதுகாப்பு நாடகம் , தொகுக்கப்பட்டு சர்வபுலம் நல்லிணக்கம் நாடகம் , சார்ந்தது பராமரிப்பு , சிஇஎன்டியுவ்ஆர்ஒய் நாடகம் , தலைமை நிர்வாகி அதிகாரி , தலைமை நிதி அதிகாரி , வேலைகள் நாடகம் ,