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On May 18, 2021, the IRS Notice 2021-31 issued a guidance document on the American Rescue Plan Act (ARPA) subsidy for continued health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1
The ARPA subsidy covers 100% of COBRA and state mini-COBRA premiums from 1 April – Sept. 30, 2021, for certain eligible persons whose working hours have been reduced or whose employment has been involuntarily terminated. The subsidy is financed via a tax relief that is given to employers, insurers or group health plans in accordance with the charter.
Click here for more information on this IRS guidance.