The American Rescue Plan Act of 2021 Includes a Full COBRA Health Insurance Subsidy

The American Rescue Plan Act of 2021 (ARP),  signed into law on March 11, 2021, includes a temporary 100 percent COBRA subsidy for individuals whose qualifying event was an involuntary termination of employment or reduction in hours. The COBRA subsidy goes into effect on April 1, 2021, and will apply to employers that sponsor both fully insured and self-insured coverage for their employees. This Alert outlines the COBRA subsidy rules and implementation steps for employers.

To read the full text of this Duane Morris Alert, please visit the firm website.