Guidance from the IRS on COBRA & ARPA
In an earlier blog, we highlighted the COBRA premium subsidy that was provided under the American Rescue Plan Act. As expected, the IRS has now issued further guidance that provides additional clarification on the subsidy. Notice 2021-31 has been released and addresses some of the many questions that have been outstanding since the passage of the new law. There is an extensive list of questions and answers in the newly released notice, which employers are encouraged to review.
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