The American Rescue Act of 2021 (ARPA) is the latest federal law addressing the economic impact of the COVID-19 pandemic. Most aspects of the law do not directly affect the employer’s HR/Benefits function, but ARPA does include an optional extension of sick and family leave (see our summary) and the establishment of a COBRA subsidy.
This article takes a closer look at the COBRA subsidy. If you offer a group health plan, you’ll want to know how the subsidy works and what you, as the employer, are required to do. A newly-created Department of Labor (DOL) webpage provides guidance and model notices to help employers administer the subsidy.
If you have further questions about this latest federal law, please contact our benefits team at 800-637-4676.
ThinkHR is a free resource available to all clients of Professional Insurance Programs. If you are a client and would like this free resource for your practice, please email [email protected] or call 800-637-4676. Additional information can also be found on our website.