Hi Shannon. Thank you for this informative update and could not come at a better time. ... in determining whether an individual qualifies for COBRA coverage or an extension of COBRA … Under the relief bill, anyone is The ARPA makes the premium assistance available to qualified individuals who meet the specific requirements during the period from April 1, 2021 through September 30, 2021. Are electing COBRA due to the subsidy, coverage will likely be retroactive to April 1, 2021. The new 100 percent premium subsidy applies to individuals eligible for Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage due to either a reduction in … The IRS has issued Notice 2021-31 on the premium assistance available for COBRA continuation coverage under the American Rescue Plan Act of 2021 (ARPA). A similar program was created during the Great Recession from 2007 to 2009 when the unemployment rate soared to over 9%. We would love to chat with you about your current benefits offerings and best practices that may save you and your employees even more. We will be providing a deep dive regarding COBRA subsidies and other recent legislative actions and you’re invited! [CDATA[/* >