Employers Take Heed: Deadline is Near for COBRA Premium Assistance Notices

Lake Effect HR Law

As detailed in Lake Effect’s prior blog post, the American Rescue Plan Act of 2021 (ARPA) includes provisions requiring employers to temporarily subsidize the cost of COBRA continuation coverage for certain “Assistance Eligible Employees” from April 1, 2021 through September 30, 2021. Employers or plan issuers must pay premiums on behalf of such individuals and will be […]

IRS Issues Guidance on ARPA Tax Credits and COVID-19 Vaccinations

Lake Effect HR & Law

On April 21, 2021, the IRS and the US Treasury Department published a fact sheet on the tax credits available under American Rescue Plan Act (ARPA) to employers who provide paid leave to employees who get COVID-19 vaccinations. ARPA extends tax credits previously established under the Families First Coronavirus Response Act (FFCRA) to reimburse employers […]

New COBRA Notice Requirements for Employers Under the American Rescue Plan Act

Lake Effect COBRA information

On April 7, 2021, the US Department of Labor published FAQs and model notices implementing the temporary COBRA premium assistance provisions of the American Rescue Plan Act of 2021 (ARPA). Employers and other group health plan issuers are subject to new COBRA notice and other requirements. What: Under the ARPA, “Assistance Eligible Individuals” may elect […]