Author, Shane Medlin, Employee Benefits Account Executive, Rancho Mesa Insurance Services, Inc.
The American Rescue Plan Act (ARPA) 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 Continuation of Health Coverage (COBRA) premiums from April 1, 2021 to September 30, 2021, as well as additional guidance on paid sick and family leave. Employers will need to be aware of the changes because it could potentially increase COBRA elections and employer administration.