The American Rescue Plan Act (ARPA) officially went into effect on March 11, 2021. The 3rd stimulus package of $1.9 trillion includes several health and welfare benefits-related provisions relevant to employers and plan sponsors. Highlights include:
FFCRA Paid Leave Extended and Enhanced
Dependent Care Assistance Program Limit Increase
Temporary Premium Tax Credit Enhancements
To read more about the implications of the ARPA on employers and business owners, download the detailed update.