Earlier this month, in response to a recent federal report recommending guidance to eliminate cybersecurity risks to retirement plans, plan participant data, and plan assets, the Employee Benefits Security Administration division of the DOL (“EBSA”) published cybersecurity guidance for ERISA-covered retirement plans. The ...
We have previously written blog posts on the COBRA subsidy added by ARPA, the follow-up FAQs that were recently issued, and the new notice requirements for the COBRA subsidy. Those posts were primarily focused on the federal COBRA laws, which generally apply to ERISA group health plans maintained by private-sector employers with twenty or more ...
This morning the DOL issued the much anticipated guidance on the COBRA subsidies provided for in the American Rescue Plan Act (“ARPA”). There were not many surprises, but to see what we learned, check out this post. To see what we already knew, check out our prior post.
The DOL also issued the model notices that Congress mandated them to issue as ...
As discussed in our previous post, Congress recently passed a 100% subsidy for certain individuals who enroll in COBRA continuation coverage. Today, the DOL issued FAQs to answer several of the questions raised by the new subsidy.
As a reminder, the subsidy provides that assistance eligible individuals are not required to pay their COBRA ...
Similar to the relief granted in 2020, the IRS has again announced special filing and payment relief deadlines for individuals in response to COVID-19 through Notice 2021-21. The Notice postpones the Federal income tax return and payment due dates from April 15, 2021 to May 17, 2021. The IRS guidance also affects the world of benefit plans, and ...