DOL Flies Alone: Guidance on the 100% COBRA Subsidy under the American Rescue Plan Act of 2021
By EsqSocial Corporation 13/04/21
The American Rescue Plan Act of 2021 (“ARPA”) provides that, for the period from April 1, 2021 until September 30, 2021, if an individual’s Consolidated Omnibus Budget Reconciliation Act (“COBRA”) qualifying event is an involuntary termination of employment or a reduction of hours (each, an “Assistance Eligible Individual”), then 100% of the COBRA premium is paid by the employer, health plan, or insurer and the premium expense is reimbursed by the federal government through a refundable FICA tax...
By: Bryan Cave Leighton Paisner