The American Rescue Plan Act (the “ARP”) was signed into law on March 11, 2021, and the law requires a 100% subsidy of COBRA premiums for the period April 1, 2021, through September 30, 2021 (for medical, Rx, dental, vision, and HRA plans).
Last month, our Ansay Strategic Risk Manager, Mike Anderson, provides four actions a business owner can take to identify key internal and external cyber risks. He concluded the blog with two key takeaways 1) Every company faces cyber risk and 2) Cyber risk is insurable. Today’s blog is intended to delve into cyber insurance, using a claim example to illustrate the value of considering insurance as a risk management option for your business.
As discussed in our previous compliance update, the American Rescue Plan Act (the “ARP”) was signed into law on March 11, 2011, requiring a 100% subsidy of COBRA premiums during the period of April 1, 2021 through September 30, 2021. Note: this applies to both entities subject to federal COBRA and small group health insurance plans subject to mini-COBRA (state continuation) laws.