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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.

Download the bulletin for more details.

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National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Ken Zastrow

Ken Zastrow

Ken Zastrow enjoys establishing a strong rapport with his clients. He believes that education is key in helping them understand their benefit plans. Ken has a strong background in underwriting and post-employment benefits. As Employee Benefits Consultant at National Insurance Services, Ken is responsible for the overall assessment and management of all an employer’s benefit plans including claim reconciliation, policy changes, renewals, and medical and dental analytics. He is also well versed in compliance, benefit integration, and early retiree benefits. Ken is a licensed insurance agent (Health, Life, Series 6 and Series 63) as well as a registered financial representative with GWN Securities. He works with schools, cities, and counties in Wisconsin.