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Good News and Bad News: The IRS Issues 86 Q&A’s on the ARPA COBRA Subsidy

May 21, 2021

On May 18, 2021, the IRS issued the long-awaited guidance on the COBRA subsidy and premium assistance credit available under the American Rescue Plan Act of 2021 through eighty-six questions and answers.  The Notice addresses eligibility, reduction in hours, involuntary termination of employment, coverage eligible for premium assistance, beginning and end of the premium assistance period, extended elections, calculation of the premium assistance credit and other common questions.

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