COBRA post 📌 Instead of only having 60 days to elect COBRA, due to the Pandemic, you now have 1 Year and 60 days to choose to elect COBRA: 2️⃣ If an individual elected COBRA continuation coverage outside of the initial 60-day COBRA election [period], that individual generally will have one year and 105 days after the date the COBRA notice was provided to make the initial COBRA premium payment.” 2️⃣ If an individual elected COBRA continuation coverage within the initial 60-da

The American Rescue Plan Act provides COBRA premium assistance to eligible individuals and imposes notice requirements on health plans. One such requirement is that plans must notify eligible individuals about when their premium assistance ends, and whether they may be eligible for regular COBRA coverage or coverage under another group health plan. This Legal Update explains further. #cobra #cobrasubsidy #americanrescueplanact #compliance