Skip to content
The COVID Project
  1. Library
  2. Financial Services
  3. SEC-13-022

Ex. SEC-13-022 Order Primary source read

FAQs About COBRA Premium Assistance Under the American Rescue Plan Act of 2021 (with ARPA sec. 9501)

FAQs About COBRA Premium Assistance Under the American Rescue Plan Act of 2021

Department of Labor, EBSA (implementing ARPA sec. 9501, Pub. L. 117-2) · United States (Federal)

The COVID Project

The record

Jurisdiction
United States
Level
Federal
Authority
ARPA sec. 9501 (COBRA premium assistance); ERISA; the Code; PHS Act
Issued
2021-04-07 Apr. 7, 2021
Effective
2021-04-01
End
2021-09-30
In force
Apr. 1, 2021 to Sept. 30, 2021
Quarters
2021 Q22021 Q3
Limitation types
Other
Addressees
  • group health plans, insurers, plan administrators, employers
Functions reached
  • IN (insurers and administrators: subsidized coverage, notices, election periods, premium accounting)
  • WM (benefits)
  • OP
Collection
Financial Services SEC-13

Operative words

Section 9501 of the ARP provides for COBRA premium assistance to help Assistance Eligible Individuals... continue their health benefits.... The premium assistance applies to periods of health coverage on or after April 1, 2021 through September 30, 2021.... [plans and issuers must provide the notice of the extended election period] within 60 days of the first day of the first month beginning after the date of enactment

Enforcement

Statutory mandate (ARPA sec. 9501; excise tax under I.R.C. sec. 4980B for failures); the statute is FED-174

Notes

A statutory mandate on every insurer and plan administrator whose dates are exactly the second and third quarters of 2021.