New COBRA Premium Subsidy Law Requires Prompt Action by Employers and COBRA Administrators
By EsqSocial Corporation 23/03/21
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”), a $1.9 trillion COVID-19 economic stimulus bill which provides eligible qualified beneficiaries with up to six months of free COBRA continuation coverage during a temporary COBRA premium subsidy period beginning April 1, 2021 and ending September 30, 2021. The full COBRA premium subsidy is available to any qualified beneficiaries (that is, current or former employees and their spouses and...
By: Murtha Cullina