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No Fooling Around: New Six-Month COBRA Subsidy Starts April 1, Requires Immediate Action
Brownstein Hyatt Farber Schreck LLP
[Guidance Overview] Apr. 1, 2021 "[O]nly the portion of the COBRA premium otherwise payable by an AEI is eligible for the subsidy. This means that any additional subsidy voluntarily provided by a plan sponsor is ignored ... [P]lan sponsors will need ... to make certain that there otherwise is adequate consideration for any applicable separation agreements entered into by a terminating employee." |
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