IRS clarifies guidance on COBRA deadline extension relief

The IRS recently issued guidance clarifying the application of certain COBRA deadline extensions for electing COBRA coverage and paying COBRA premiums under prior relief issued as a result of the COVID-19 outbreak (Emergency Relief). Notice 2021-58 clarifies that the disregarded periods for electing COBRA coverage and making initial and subsequent COBRA premium payments generally run concurrently.

Read our full bulletin for more information on the effect of this recent guidance. Employers should carefully review and work with their employee benefits consultant to ensure their ongoing compliance with the Emergency Relief.