As previously reported here, the American Rescue Plan Act of 2021 (ARP) was passed and signed into law on March 11, 2021, and had significant and immediate impacts on employee benefit plans, employers, and other plan sponsors and plan administrators. Last week, the United States Department of Labor issued guidance about the new COBRA subsidy rules under the ARP, but some significant questions remain unanswered. While more guidance is expected, Jay Zweig and Edward Leeds have answered common questions in an effort to provide clarity in the interim, including what the COBRA subsidy is, who qualifies for it, how employees find out about the subsidy, and steps that employers should take now. Click here to read the full Q&A.
