OMA Connections Partner Vorys has just issued a client alert covering highlights of the May 18, 2021 IRS Notice 2021-31, which addressed 86 questions on the COBRA subsidy under the American Rescue Plan (ARP).
Vorys points out: Most plan sponsors (and their COBRA administrators) had to implement procedures for administering the COBRA subsidy weeks ago. Now those procedures will need to be revisited and adjusted to conform to details revealed in IRS Notice 2021-31.
Vorys is also planning a June 2 webinar, COBRA Subsidy 2.0. 5/26/2021