American Rescue Plan – What Employers Need To Know
The American Rescue Plan Act, H.R.1319, a $1.865 trillion-dollar COVID-19 relief bill, provides many benefits for employers.
In addition to providing direct assistance to many Americans, namely through $1,400 in income tax rebates for eligible individuals and an increased child tax credit, the legislation also contains many provisions related to health insurance coverage and group employee benefits plans.
These include direct federal subsidies for both COBRA continuation coverage and individual insurance policies purchased through health insurance exchange marketplaces.
For an overview of the areas of interest to employers and plan managers,
Article provided by OneDigital