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FAQs: American Rescue Plan Act of 2021 COBRA | BakerHostetler

Q: Does the American Rescue Plan Act of 2021 (ARPA) impact group health plans?
A: Yes, ARPA makes temporary but significant changes to Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) coverage. These changes, at a high level, include:
A 100% COBRA subsidy for the period of April 1 through Sept. 30, 2021.
A second “bite at the apple” for COBRA qualified beneficiaries who previously did not elect COBRA or who previously elected COBRA and dropped the coverage.
The opportunity to offer COBRA covered individuals the chance to change their elected option to a cheaper option.
Q: Who qualifies for the 100% subsidy?
A: Only “assistance eligible individuals” (AEIs) qualify for a subsidy. An AEI is someone who, in the time period between April 1 and Sept. 30, 2021, is eligible for COBRA coverage due to an involuntary termination (other than for gross misconduct) or a reduction in hours and elects such coverage. An AEI no longer is eligible for a ....

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How the U.S. Got It (Mostly) Right in the Economy's Rescue

Analysis
How the U.S. Got It (Mostly) Right in the Economyâs Rescue
Though the recession has been painful, policymakers cushioned the pandemicâs blow and opened the way to recovery.
Shoppers at a mall in Los Angeles. Consumer spending is nearly back to its prepandemic level.Credit.Mark Abramson for The New York Times
March 15, 2021
When the coronavirus pandemic ripped a hole in the economy a year ago, many feared that the United States would repeat the experience of the last recession, when a timid and short-lived government response, in the view of many experts, led to years of high unemployment and anemic wage growth. ....

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Stimulus Bill as a Political Weapon? Democrats Are Counting on It.

Stimulus Bill as a Political Weapon? Democrats Are Counting on It.
The $1.9 trillion package is a big bet by the party that it will restore a sense of normalcy by the 2022 elections and that voters will defy history and reward Democrats with more seats in Congress.
Speaker Nancy Pelosi and Senator Chuck Schumer, the majority leader, signed the stimulus bill this week while surrounded by Democratic members of Congress.Credit.Stefani Reynolds for The New York Times
Published March 15, 2021Updated March 18, 2021
WASHINGTON Triumphant over the signing of their far-reaching $1.9 trillion stimulus package, Democrats are now starting to angle for a major political payoff that would defy history: Picking up House and Senate seats in the 2022 midterm elections, even though the party in power usually loses in the midterms. ....

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Prompt Action by Employers Required for COBRA Changes in the American Rescue Plan Act | Smith, Gambrell & Russell, LLP

On March 11, 2021, President Biden signed into law the “American Rescue Plan Act” (“ARPA”) (HR 1319). While ARPA addresses many different areas, employers will need to act promptly with. ....

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Biden, Pitching Stimulus, Promises Milestones for Vaccines and Checks

Biden, Pitching Stimulus, Promises Milestones for Vaccines and Checks
nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.

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