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18 maj 2021 · COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. COBRA generally covers health plans maintained by private-sector employers with 20 or more full and part-time employees.
In Notice 2021-31, the IRS clarified many questions that arose after the American Rescue Plan Act of 2021 (ARPA) temporarily expanded COBRA coverage and provided premium assistance to subsidize 100% of COBRA premiums for assistance-eligible individuals (see Tax Alert 2021-0605).
“Consolidated Omnibus Budget Reconciliation Act of 1985” (COBRA) continuation coverage from a loss of healthcare coverage due to a reduction in hours or an involuntary termination of employment. Notice 2021-31 [PDF 287 KB] (41 provides guidance on the COBRA premium assistance in a pages)
20 maj 2021 · Under ARPA, a 100% COBRA premium subsidy and additional COBRA enrollment rights are available to certain assistance eligible individuals (AEIs) during the period beginning on April 1, 2021, and ending on September 30, 2021 (see our Checkpoint article).
26 maj 2021 · New IRS guidance for employers on the 100-percent premium subsidy to eligible COBRA enrollees, for coverage through Sept. 30, addresses how the subsidy's payroll tax credit works.
10 cze 2021 · Here, the premium amount is considered to be the cost for premiums charged for COBRA coverage to other similarly situated covered employees and qualified beneficiaries, including allowable administrative costs (up to 102% of the cost of coverage).
