Source: HEALTH EQUITY, 6/4/21
 

IRS releases Notice 2021-31 providing additional guidance concerning COBRA changes introduced by the American Rescue Plan Act 2021

The Internal Revenue Service (IRS) recently released guidance in the form of 86 questions-and-answers (Q&As) concerning the COBRA changes introduced by the American Rescue Plan Act of 2021 (ARPA). IRS Notice 2021-311 covers a range of topics related to the COBRA premium assistance provisions of ARPA and additional COBRA enrollment opportunities afforded to certain Assistance Eligible Individuals (AEIs) during the ARPA subsidy period beginning April 1, 2021 through September 30, 2021.

You can review the complete IRS Notice 2021-31 here.

As part of the services provided by HealthEquity, we will continue to stay abreast of this topic and, as additional guidance is available, we will advise accordingly.