IRS Releases Extensive Guidance on ARPA COBRA Subsidy
By EsqSocial Corporation 24/05/21
Seyfarth Synopsis: On March 11, 2021, President Biden signed into law the American Rescue Plan Act (“ARPA”), which requires plan sponsors to provide free COBRA coverage from April 1, 2021 through September 30, 2021, to individuals who lose coverage due to an involuntary termination of employment or reduction of hours. This is also referred to as the “100% COBRA Subsidy” or “COBRA premium assistance.”...
By: Seyfarth Shaw LLP