On July 26, 2021, the IRS introduced Notice 2021-46, which included 11 additional FAQs designed to further address the proper usage of the American Rescue Plan Act (ARPA) COBRA subsidy. Yesterday’s new guidance serves as a supplement to the prior guidance issued in May of this year via Notice 2021-31. We blogged about the previous guidance in much detail here.
To provide some brief background, ARPA’s provisions include a temporary 100% subsidy for COBRA continuation coverage for certain assistance eligible individuals (AEIs) who experience an involuntary termination (aside from a termination for gross misconduct) or for individuals who underwent a reduction in hours (either voluntary or involuntary). The 100% reduction in premiums encompasses the timeframe between April 1, 2021 through September 30, 2021.
The new questions and answers primarily focus on the following areas of ARPA:
Please continue to check back in with us for updates and do not hesitate to reach out to your Account Managers and Sales Executives for additional information.
We recognize the challenges associated with delivering high-quality benefits programs in a financially sustainable manner. It is important to note that significant cost savings can be achieved...
Today, employees are increasingly grappling with mental and behavioral health challenges such as burnout, stress and anxiety, as well as other diagnosable mental health disorders and conditions....
Now that PCORI season has officially passed, we wanted to take the time to address a recurring question that we often receive from clients: “what happens if we missed the filing deadline or have...