Will ARPA be extended in 2023?
Asked by: Sarina Brekke | Last update: December 20, 2025Score: 4.7/5 (16 votes)
Will the American Rescue Plan Act be extended?
These expanded benefits were enacted as part of the American Rescue Plan Act in March 2021 and extended through 2025 as part of the 2022 Inflation Reduction Act.
Is the American Rescue Plan still in effect 2023?
The American Rescue Plan Act specifies eligible costs incurred between March 3, 2021 and December 31, 2024. The California 2021-22 Budget Act, as amended by Chapter 2 of the Statutes of 2022, included language to allow time to reallocate unspent funds and provide some additional flexibility on timing.
When did ARPA expire?
With the December 31, 2024 deadline for obligating American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF) quickly approaching, counties nationwide are assessing how best to allocate these critical resources.
What happens when the Inflation Reduction Act expires?
If the Inflation Reduction Act's enhanced subsidies expire, the vast majority of ACA Marketplace enrollees will see their premium payments increase significantly in 2026. The results of the 2024 elections will likely play a major role in whether enhanced subsidies are extended beyond 2025.
ARPA Price Prediction 2023, 2025, 2030 How high will ARPA go
How long is the Inflation Reduction Act good for?
Since the Inflation Reduction Act is a 10-year plan, the changes won't happen immediately.
Will ACA subsidies be extended past 2025?
The subsidies, which lower out-of-pocket costs on health insurance premiums for people who obtain insurance through the state or federally facilitated marketplaces, are currently set to expire at the end of 2025.
How long will ARPA last?
While the December 31, 2024, deadline requires funds to be obligated, spending can continue through December 31, 2026. This means you can align obligations with long-term priorities, such as workforce development, infrastructure and affordable housing—as long as the obligations are finalized by December 31, 2024.
Is there a deadline for ARPA commitment?
The obligation deadline is December 31, 2024. By this date, all SLFRF funds must be obligated, meaning committed through contracts, subawards, interagency agreements, or similar transactions.
What is the ARPA Act 2023?
On August 10, 2023 Treasury issued a Interim Final Rule for ARPA Flex. This provision allows for spending in three new expenditure categories. Spending to provide emergency relief from natural disasters. Spending on transportation infrastructure eligible projects and matching funds.
Do ARPA funds have to be paid back?
ARPA regulations require local governments to return grant funding that remains unobligated beyond the December 2024 end-of-year deadline to the U.S. Department of Treasury (Treasury) — making this deadline one of the most important for cities, towns and villages.
How do I apply for the American Rescue Plan 2023?
To apply: Register in Grants.gov • Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).
Is there a new American Rescue Plan?
Partnering with America's Communities to Build Back Better
On March 11, 2021, President Joseph R. Biden signed the American Rescue Plan into law.
What if the American Rescue Plan Act premium tax credits expire?
If the enhanced subsidies are allowed to expire, the Congressional Budget Office (CBO) estimates a decrease in enrollees with subsidized exchange coverage resulting in a reduction in federal expenditures. CBO also estimates that expiration of the enhanced PTC would contribute to a rise in the uninsured rate.
When must ARPA funds be obligated?
The obligation deadline is December 31, 2024. By this date, all SLFRF funds must be obligated, meaning committed through contracts, subawards, interagency agreements, or similar transactions.
Is ARPA mandatory?
No, as long as child care providers are able to meet the certification by using funds from other sources, they are not required to use ARPA stabilization subgrant funds for personnel costs, including staff wages and benefits.
What is the salary cap for ARPA?
ARPA-H complies with the Department of Health and Human Services (DHHS) salary cap for Executive Level II. For 2024, this limit is $221,900.
How much does the ARPA cost?
President Joe Biden signed the $1.9 trillion American Rescue Plan Act (ARPA), the latest federal stimulus bill to aid public health and economic recovery from the COVID-19 pandemic, on March 11, 2021.
What is monthly ARPA?
The average revenue per account (ARPA) is a SaaS financial metric that shows how much revenue each customer account generates. It's usually calculated monthly or yearly. Subscription-based businesses use ARPA to assess: Important financial ratios, such as customer lifetime value (LTV)
Has the ACA deadline been extended?
In California, the District of Columbia, New Jersey, and New York, open enrollment ends on January 31. In Rhode Island, open enrollment ends on February 28 (a one-time extension due to a security breach2) Open enrollment ended in December in Idaho.
How much more would people pay in premiums if the ACA's enhanced subsidies expired?
If the enhanced subsidies go away, premium payments will increase by an average of more than 75%, according to KFF. Some people, like Deutsch, would see their payments double.