The American Rescue Plan Act of 2021 (ARPA) provides COBRA premium assistance to eligible individuals and imposes notice requirements on health plans. One such requirement is that plans must notify eligible individuals about when their premium assistance ends, and whether they may be eligible for regular COBRA coverage or coverage under another group health plan. As a reminder to employers, the COBRA premium assistance provided under ARPA is coming to an end for all assistance eligible individuals (AEIs) on September 30, 2021. Notice of premium subsidy expiration must be provided 15 to 45 days before an individual’s subsidy expires.
Contact your Cowden representative for more information on this or other compliance issues.