Publications & Presentations
March 15, 2021

New COVID Relief Act Provides COBRA Premium Subsidies and Increased Exclusion for Employer-Provided Dependent Care Assistance Programs

Author, COVID-19 Blog

On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (the “Act”). As part of the almost $2 trillion in relief, the Act contains provisions creating a temporary subsidy for premium payments for extended health care coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), as well as increasing the income exclusion for employer-provided dependent care assistance programs in 2021.