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… ensuring compliance with these new rules; however, self-funded plan sponsors are legally responsible for ensuring compliance. The guidance does not address all the provisions of the No Surprises Act including but not limited to guidance on the independent dispute resolution process, the good faith estimates and advanced explanation of benefits, provider directories or continuity of care. Background On July 1, 2021, The Office of Personnel Management (OPM), along with the departments of Health and Human Services (HHS), Labor (DOL), and Treasury released “Part 1” of regulations implementing the No Surprises Act. The interim final rule with comment period (IFC …

Quick Facts On July 26, 2021, the IRS released additional FAQs on the ARPA COBRA subsidies. The Notice includes clarifying guidance on dental and vision only coverage, state continuation coverage and entities that may claim the premium tax credit. COBRA subsidies are available for certain COBRA qualified beneficiaries from April 1, 2021, through September 30, 2021. Overview The Internal Revenue Service (IRS) has issued new COBRA subsidy guidance in Notice 2021-46 (the Notice) through a set of frequently asked questions (FAQs) which supplements guidance released earlier in Notice 2021-31 regarding COBRA premium assistance under the American Rescue Plan …

Quick Facts Employers who offer group health plan coverage subject to federal COBRA and have AEIs who elect to take advantage of the COBRA subsidy may be able to claim a credit against the Medicare portion of their payroll The credit will generally be claimed using IRS Form 941. Employers will need to report the dollar amount of the COBRA subsidies as well as a count of the number of individuals who were provided the COBRA subsidy. Background Form 941, the employer’s quarterly federal tax return, has been updated to allow employers to claim a credit for any Consolidated …