ABSTRACT

American Rescue Plan Act of 2021 (ARPA; P.L. 117-2) COBRA Premium Assistance [April 5, 2021]   [open pdf - 563KB]

From the Document: "The American Rescue Plan Act of 2021 (ARPA; P.L. 117-2 [hyperlink]) subsidizes Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage [hyperlink] from April 1, 2021, through September 30, 2021, for certain individuals who lose employer-based health insurance as a result of an involuntary termination or a reduction in hours. It also provides employers (or in some instances, multiemployer plans or insurers) with a refundable payroll tax credit to reimburse the employer for the unpaid premium amounts. As of publishing, the Internal Revenue Service has indicated [hyperlink] that it is reviewing implementation plans for the ARPA, and new information is to be made available soon. The Department of Labor [hyperlink] is also required to provide guidance on the implementation of the COBRA premium assistance. The following summarizes information on relevant, current federal COBRA continuation coverage rules and the COBRA premium assistance, as specified in the ARPA."

Report Number:
CRS Insight, IN11643
Author:
Publisher:
Date:
2021-04-05
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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