Webinar: Understanding the IRS COBRA Subsidy FAQs
Date: June 8, 2021
Time: 3:30 – 4:30 p.m. EST
Length: Approximately 1 hour
Cost: FREE
Speaker: Katie Bjornstad Amin, Principal, Groom Law Group
Registration:
This Webinar will provide a discussion and understanding of the IRS COBRA Subsidy FAQs and special circumstances that TPAs should be aware of.
Description: COBRA Premium Assistance under the American Rescue Plan Act of 2021 (ARPA) provided COBRA continuation coverage under specific circumstances. The ARPA provides temporary premium assistance for COBRA continuation coverage for Assistance Eligible Individuals. COBRA allows certain people to extend employment-based group health plan coverage, if they would otherwise lose the coverage due to certain life events such as loss of a job. Section 9501 of the ARPA provides for COBRA premium assistance to help Assistance Eligible Individuals (as defined below in Q3) continue their health benefits. The premium assistance is also available for continuation coverage under certain State laws. Assistance Eligible Individuals are not required to pay their COBRA continuation coverage premiums. The premium assistance applies to periods of health coverage on or after April 1, 2021 through September 30, 2021. An employer or plan to whom COBRA premiums are payable is entitled to a tax credit for the amount of the premium assistance.
Topics to be addressed include:
• A Discussion of the IRS COBRA Subsidy FAQs
• How do they relate to and enhance the DOL COBRA Subsidy FAQs
• Which plans does the premium assistance apply to and what coverage is required?
• How to comply with the new changes to COBRA and respond to a request for premium assistance from a former employee?
• What notices should be sent out?
Cost
The cost is free for the live webinar and the audio podcast. You may have as many people as can fit in a room, hear a conference call and see a computer screen for the live webinar.
New Technical Notes
Webinar Technical Notes
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