Health Care Happenings: The American Rescue Plan Act
Following the signing of the latest COVID-19 relief law, employers and plan managers everywhere are scrambling to understand the implications on the employee benefits program, their people and the business. But by far, the section most are concerned by are the COBRA premium subsidies.Many leaders and plan managers are feeling frustrated, trying to interpret and understand the requirements to determine what is being asked of them today. Our compliance leaders discuss the latest updates, action items and timeframes known today. While there is plenty of information in this 600-page law, but they focus on the items that impact employers.Their biggest takeaway for all leaders? Keep calm and stay tuned for additional guidance.