COBRA

IRS Clarifies ARPA COBRA Premium Assistance – FAQs and Answers

The Internal Revenue Service (IRS) recently published Notice 2021-31, with an extensive list of clarifications for the COBRA subsidy approved by the American Rescue Plan Act (ARPA). Subjects addressed in the Notice include Assistance Eligible Individuals (AEIs), involuntary termination of employment, furloughs, coverages eligible for the subsidy, and much more. The following questions and answers highlight frequently asked questions. This article is not intended as legal advice. Please contact your qualified benefits counsel if you

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ARRA vs ARPA: Comparing COBRA Subsidies and Administrative Challenges

In the world of employer-sponsored benefits, COBRA subsidies have been the hot topic since the American Rescue Plan Act (ARPA) passed in March 2021. Not only does ARPA directly affect people who have lost their jobs since March 2020, but it also has a significant impact on how employers and COBRA administrators are handling the surge in COBRA eligibility over the past year. ARPA has drawn comparisons to the American Recovery and Reinvestment Act (ARRA)

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ARPA COBRA Subsidy Frequently Asked Questions (FAQs)

On Thursday, March 11, President Biden signed the  American Rescue Plan Act (ARPA) of 2021. Among other features, ARPA provides full COBRA subsidies under specific circumstances and creates significant additional COBRA enrollment eligibility. The following is a list of common ARPA COBRA subsidy frequently asked questions (FAQs). This is not intended to be legal advice. Please contact your benefits counsel if you need additional guidance. ARPA COBRA Subsidy FAQs Are all COBRA-standard Qualifying Events (QEs) eligible

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ARPA is Approved: COBRA Subsidies and DCAP Increase Part of Legislation

President Biden signed The American Rescue Plan Act (ARPA) of 2021 into law on Thursday, March 11, 2021. In addition to stimulus checks and child tax credits, ARPA features full COBRA subsidies for a limited time and an increase in the maximum contribution limits for people who use Dependent Care Assistance Plans (DCAP) through their employer. Learn more below. COBRA Subsidies Under ARPA Under very specific circumstances, the ARPA legislation provides full COBRA subsidies from

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Reelin’ in the Year: DOL Clarifies COBRA Time Frames Related to COVID-19

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. On Friday, February 26, the Department of Labor (DOL) published Disaster Relief Notice 2021-01, a follow up to the Joint Notice published May 4, 2020. The May notice required that health and retirement plans disregard a number of deadlines for individuals during the COVID-19

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ARCHIVE | COVID-19 Outbreak Period for ERISA Plans Expires February 28

This article was published during the COVID-19 period and reflects regulations at that time. Requirements and policies may no longer be current. Please refer to official local authorities for up-to-date guidance. Third-Party Administrators (TPAs) need to be aware of the upcoming end to the COVID-19 outbreak period for group health plans. This deadline, which ends February 28, 2021, could cause unfamiliar administrative burdens on TPAs. In May 2020, following the passage of the CARES Act,

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Brochure: CDH and COBRA Administration with the DataPath Platform

DataPath’s employee benefits platform is the first cloud-based solution purposely designed as a single, all-encompassing software solution for administering CDH accounts, COBRA, billing, and well-being benefits. Whether your business plans involve administering just one line of service or all of them, DataPath can help you achieve your goals. With a seamless design, our platform’s flexibility allows businesses to take advantage of the full suite of solutions, or to choose only those services specific to their

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Brochure: COBRA and Billing Solutions

Since 2002, DataPath has empowered COBRA administrators to achieve growth with industry-leading COBRA and Billing solutions. Administrators aim to stay competitive, keep up with regulatory changes, and attract new revenue streams. Our platform’s robust functionality enables simplified terminations, automated notices and communications, flexible billing options, and more. Additionally, we offer fulfillment and BPO services to support business growth. The platform’s flexibility can also be leveraged for a variety of billing needs. Surpass your competition with

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Brochure: Top 5 Reasons to Use DataPath’s Platform

The industry’s first true all-in-one solution, DataPath simplifies employee benefits management for benefits administrators. You can offer the full suite of solutions or select individual services tailored to your business needs. Considering an all-in-one administrative platform? You have choices. Here are the top 5 reasons to choose DataPath: Achieve your growth goals with DataPath.

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Employers and TPAs Must Prepare for a COBRA Avalanche – DataPath Article Featured on EBN

Employee Benefit News (EBN)

Views: Employers and benefits administrators must prepare for a COBRA avalanche November 16, 2020 By Bo Armstrong Originally Posted by Employee Benefit News In the first six months of COVID-19 outbreak, more than 60 million Americans filed for unemployment. A recent report by the U.S. Department of Labor (DOL) suggests that companies are still cutting a high number of jobs, and in recent weeks, a large wave of new layoffs has been announced. The airline industry is

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