Emerging Markets Law

Showing 2 posts by Brandie M. Barrows.

The Department of Labor Issues Model Notices and Additional Guidance Regarding the American Rescue Plan Act of 2021 100% COBRA Premium Subsidy

Coronavirus

Purpose

We want to alert clients to the availability of Model COBRA Subsidy Notices and Frequently Asked Questions (the FAQs) issued by the Department of Labor (DOL) on April 7, 2021 in connection with the 100% COBRA premium subsidy available from April 1 until September 30 for group health plan participants who  have lost their coverage due to an involuntary termination of their employment or a reduction in hours. The COBRA premium subsidy applies to any group health plan subject to the federal COBRA laws as well as to group health plans subject to state “mini-COBRA” laws. 

The FAQs provide answers to a number of key questions.

Continue reading The Department of Labor Issues Model Notices and Additional Guidance Regarding the American Rescue Plan Act of 2021 100% COBRA Premium Subsidy ›

American Rescue Plan Act of 2021 Creates a 100% COBRA Premium Subsidy

Coronavirus

Purpose

We want to alert clients to the provision in the American Rescue Plan Act of 2021 which creates a 100% COBRA premium subsidy available from April 1 until September 30 for group health plan participants who have lost their coverage due to an involuntary termination of their employment or a reduction in hours. The COBRA subsidy applies to any group health plan subject to the federal COBRA laws as well as to group health plans subject to state “mini-COBRA” laws. Thus it can apply to large as well as small employers.

Continue reading American Rescue Plan Act of 2021 Creates a 100% COBRA Premium Subsidy ›

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