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May 25, 2021
The American Rescue Plan Act provides that individuals on state health continuation due to loss of group health coverage from either termination of employment or reduction in hours (hereafter "Assistance Eligible Individuals" or "AEIs") receive a 100% premium subsidy for their continuation coverage for a period potentially from April 1, 2021 through September 30, 2021. Anthem must pay the premium for impacted employers with less than 20 employees and file for a federal subsidy tax credit.
By May 31, 2021 and for each month during the eligible period, the employer must notify AEIs that subsidies are available. The employer must also send a notice of termination of the subsidy to the same employees between August 16, 2021 and September 15, 2021.
For your convenience, we’ve created an FAQ. Please check back often for updated enrollment and billing detail. We are sending this same notice to your Small Group clients. Please contact your sales representative for more information.
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