Compliance concept Employers can recover the amounts that they expend on the ARPA COBRA subsidy by claiming tax credits against the 1.45% employment tax they pay for hospital insurance.

The American Rescue Plan Act (ARPA), signed into law by President Biden on March 11, 2021, includes provisions that will significantly impact plan sponsors and administrators of health and cafeteria plans. The ARPA also impacts pension plan funding requirements and executive compensation deductions available to employers. These provisions and their potential impact on plan sponsors, plan administrators and employers are discussed in more detail below.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Broker Regulation
Core and Group Health
Compliance
Employer-Paid
Legal