On July 26, 2021, the Internal Revenue Service (IRS) released Notice 2021-46 to provide additional guidance on the Consolidated Omnibus Budget Reconciliation Act (COBRA) subsidy under the American Rescue Plan Act of 2021...more
On March 11, 2021, President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA). The ARPA is the latest installment of COVID-19–related stimulus packages passed by Congress in the last 12 months. Similar to the...more
3/18/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
CARES Act ,
COBRA ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Employee Retention ,
Employer Group Health Plans ,
Executive Compensation ,
Families First Coronavirus Response Act (FFCRA) ,
Flexible Spending Accounts ,
Medicare ,
Multiemployer Plan ,
Pensions ,
Relief Measures ,
Tax Credits ,
Unemployment Benefits
The Consolidated Appropriations Act, 2021 (CAA) contained temporary relief measures aimed at addressing unused contributions to health flexible spending accounts (FSA) and dependent care assistance programs (DCAP).
On...more
3/11/2021
/ Benefit Plan Sponsors ,
Cafeteria Plans ,
CARES Act ,
Carry-Over Basis ,
COBRA ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Deductibles ,
Dependent Care Assistance Program (DCAP) ,
Employee Benefits ,
Flexible Spending Accounts ,
Grace Period ,
Health Savings Accounts ,
IRS ,
Relief Measures