Cobra Subsidies Employer Obligation To Notify Employees by May
By EsqSocial Corporation 26/05/21
New federal law (Section 9501 of the American Rescue Plan Act of 2021 – ARP Act, PL 117-2) provides a temporary, full subsidy of some premiums that individuals would have to pay for COBRA coverage following a reduction in hours or an involuntary termination of employment. On May 18, 2021, the IRS issued guidance regarding the many unanswered questions of this new law, which subsidizes the cost of COBRA for the period from April 1, 2021, to September 30, 2021. Under the new law, COBRA premiums...
By: Burns & Levinson LLP