One of the most pertinent provisions in the recently enacted American Rescue Plan involves COBRA subsidies. The legislation offers federal subsidies for COBRA premiums at 100% coverage, applicable from April 1 to September 30. Last month, the Department of Labor released guidance regarding the COBRA-subsidy provisions of ARP but several compliance concerns lingered. Two weeks ago, the IRS released additional guidance offering answers to many of your frequently asked questions.
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Source: National Association of Health Underwriters