IRS FAQs on COBRA Subsidies created by the American Rescue Plan
IRS FAQs on COBRA Subsidies created by the American Rescue Plan On May 18, 2021, the IRS issued Notice 2021-31 (entitled “Premium Assistance for COBRA Benefits”). The notice provides guidance on the Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidy created by the American Rescue Plan Act (ARPA). As background, the ARPA subsidy covers 100% of…
