Legislative Update: American Rescue Plan Act of 2021 Signed Into Law, Guidance for Flores Clients & Partners Forthcoming
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (the "Act") into law. Included in this legislation are several items of importance to employers, including provisions related to COBRA and Dependent Care FSA.
Our team is working diligently to determine the impact on these plans and to implement required process changes to accommodate requirements of the Act. An additional communication will be provided in the coming weeks to outline the key provisions of the Act that will impact Flores operations as well as process changes.
Our proprietary technology platform is built to manage a variety of COBRA premium arrangements and subsidies. Our reimbursement plan platforms are also proprietary. Since we do not outsource our technology, we will be able to adapt to meet your compliance needs efficiently.
Thank you for your continued trust and support. Please contact your Dedicated Account Manager at (800) 532-3327 for specific questions regarding the plans we may administer on your behalf.