The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021.
The bill includes a 100% subsidy on COBRA premiums from April through September of 2021.
BASIC is working through the legislation with our Compliance team to determine the impact on COBRA clients and qualified beneficiaries. Please watch for additional communications from us in the near future.
View more legislative updates and benefits related posts on our blog.