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COBRA Subsidy Expiration Notice Due

COBRA Subsidy Expiration Notice Due

.5 minute read

The American Rescue Plan Act provides COBRA premium assistance to eligible individuals. One requirement is that plans must notify individuals about when their premium assistance ends and whether they may be eligible for regular COBRA coverage or coverage under another group health plan.

The notice of premium subsidy expiration must be provided 45 to 15 days before an individual’s subsidy expires. For individuals whose subsidies are expiring due to the end of the subsidy period, the notice must generally be provided from August 16, 2021, to September 15, 2021. Otherwise, the due date will depend on when an individual’s maximum COBRA plan coverage ends. The U.S. Department of Labor has issued a model notice of expiration of premium assistance to satisfy this requirement.

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Steve Smith

Steve Smith

Steve Smith is a powerhouse of energy, living by the mantra "work hard, play hard." As an expert in uniting teams for a greater purpose, Steve's innovative and creative strategies in employee health and wellness are game-changers. With over 25 years of expertise in health insurance, covering compliance, cost mitigation, utilization, analytics, wellness plans, and strategic planning, Steve is the go-to expert for driving down utilization trends and fostering a culture of well-being. His clients trust him to deliver exceptional results, making him an invaluable asset in the industry. As an Employee Benefits Consultant, Steve specializes in health care consulting for Minnesota public sector organizations including fully insured, self-insured, and stop-loss plans. Steve is a licensed insurance agent and holds the designations for Managed Healthcare Professional (The Health Insurance Association of America), Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters), and Group Benefits Disability Specialist (Hartford School of Insurance).