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Government Will Fully Cover Laid-Off Workers' COBRA Premiums Through September

How many Americans will benefit remains unclear.
That s because, to stay on their workplace plan, a laid-off worker typically must continue to pay their monthly premiums, as well as their employer s usual contribution and then another 2% administrative fee on top of that.
The typical annual premium for job-based coverage in 2020 was $7,470 for individuals and $21,342 for family coverage, according to the Kaiser Family Foundation.
Now, the government will fully cover these pricey premiums for the next seven months. COBRA subsidies have occurred before, including during the Great Recession and in 2002 for people who lost their jobs to international trade conflict.
By one count, around 130,000 unemployed working-age adults had health insurance coverage through COBRA in 2017. But that was, of course, before the pandemic caused unemployment to soar. And again, many people don t opt for the coverage because of its cost. ....

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Healthcare Provisions of the American Rescue Plan Act of 2021

Thursday, March 11, 2021
On March 10, 2021, Congress finalized and passed the American Rescue Plan of 2021 (ARP), the latest COVID-19 relief package that largely tracks President Biden’s initial $1.9 trillion proposal. The ARP extends unemployment insurance benefits and provides direct $1,400 stimulus payments to qualifying Americans, but it also makes several important health-policy-related changes. These include providing funding for vaccine distribution and testing to combat the COVID-19 pandemic, making policy adjustments to the Medicaid program, facilitating health insurance coverage and providing more money for healthcare providers. The final bill also makes two narrowly focused technical Medicare payment changes.
In developing and finalizing the bill, Democrats used the budget reconciliation process to pass the bill with only Democratic support. This process limited what could be included. The version that was signed into law ultimately removed a provisi ....

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The Relief Bill Will Save Tens of Thousands of Airline and Airport Jobs

Aviation workers will be protected from furloughs through September under the bill President Biden signed Thursday, but a full travel recovery could take years. ....

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COVID-19 Cafeteria Plan Relief: IRS Clears the Mud | Ogletree, Deakins, Nash, Smoak & Stewart, P.C.

The Consolidated Appropriations Act, 2021 (CAA) contained temporary relief measures aimed at addressing unused contributions to health flexible spending accounts (FSA) and dependent. ....

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Latest COVID-19 Relief Bill Brings Back COBRA Subsidies

Latest COVID-19 Relief Bill Brings Back COBRA Subsidies
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