IRS Answers Important Questions in Implementing ARPA COBRA Subsidies – What Employers Need to Know Now

On Tuesday, May 18, 2021, the Internal Revenue Service issued comprehensive guidance answering 86 frequently asked questions related to the implementation of the American Rescue Plan Act COBRA premium subsidy provisions. From defining what constitutes an “involuntary termination” to detailing the process for claiming the available tax credits and everything in between, this guidance addresses a multitude of practical implementation issues. Join Jackson Lewis P.C. attorneys to discuss key take-aways from the new guidance and some important action items for employers.