IRS Notice 2021-31: Premium Assistance for COBRA Benefits
On May 18, 2021, the IRS released additional guidance for the COBRA Premium Assistance (Subsidy) under the American Rescue Plan. The guidance included additional clarification around eligibility requirements, employer tax credits and Federal and State continuation provisions.
Lifetime Benefit Solutions is currently reviewing the guidance and will be communicating any high-level information that you may find important for your plan.
In the meantime, please visit the IRS publication here: https://www.irs.gov/pub/irs-drop/n-21-31.pdf