Insights

If you're interested in protecting yourself against threats such as identity theft, ransomware, data breaches and more, NFP can help.

Our client's cellphone stopped working. While the phone was not operating, someone was able to access one of her banking accounts and arrange for a wire transfer of $50,000 to another financial institution into an account that was not one of hers. The client obtained a new SIM card the following day. When the phone resumed operating, our client discovered that there were wire-related messages from her bank account. The first was a notification that she had successfully enrolled in wire transfer

The Consolidated Appropriations Act of 2021 and Transparency in Coverage final rule included a number of provisions intended to increase transparency in health coverage. This webinar will focus on the current state of those provisions, including ones that have already been implemented and others that are set to become effective in the coming months.

Comparing factors from 2008 and 2022 that indicate that the current uncertain economy is taking a different path. Today's economy poses challenges when trying to plan for the future. The effects of inflation, rising interest rates, possible home price decreases and potential job elimination are offering far from optimistic outlooks. Some economists wager that a recession looms soon, while others argue that the United States is already in a recession and has been for some time. Some even fear th

The Massachusetts Individual Mandate requires each Massachusetts resident to have health coverage that meets the Minimum Creditable Coverage (MCC) standards set by the Commonwealth Health Insurance Connector (Connector) or pay a penalty through their state tax returns. The Connector has announced the 2023 deductibles and out-of-pocket maximum limits for minimum creditable coverage (MCC). The 2021, 2022 and 2023 limits are summarized below. Although employers are not required to provide MCC for

The New Jersey Department of Labor and Workforce Development has announced the 2023 maximum weekly benefit amount that eligible employees will receive under temporary disability insurance is 85% of their average earnings up to a maximum of $1,025 per week (2022: $993 per week). For the 2023 premium rates for temporary disability insurance (TDI) and family leave insurance (FLI), please refer to the October 25, 2022, edition of Compliance Corner. 2023 Rate information, Contributions and Due Dates

Employers with employees in Massachusetts should be aware of MCC and HIRD requirements and take necessary actions even when their primary business is located outside of the state. These two requirements are outlined below. Health Insurance Responsibility Disclosure (HIRD) About HIRD: The HIRD form is a state annual reporting requirement in Massachusetts. The HIRD form collects employer-level information about employer-sponsored health insurance plans to assist MassHealth (the state's Marketpl

On September 29, 2022, Gov. Newsom signed AB 1949 into law. The new law adds an entitlement to bereavement leave to the state's existing California Family Rights Act (CFRA). Employers with five or more employees will be required to provide at least five days bereavement leave for employees experiencing the death of the following family members: spouse, child, parent, sibling, grandparent, grandchild, domestic partner or parent-in-law. Employees will be eligible after 30 days of employment. The

On October 22, 2022, Gov. Carney signed SB 316 into law. The new law prohibits group health plans from imposing a cost-sharing requirement greater than $35 per month per participant for diabetes equipment and supplies. This includes blood glucose meters and strips, urine testing strips, syringes, continuous glucose monitors and supplies, and insulin pump supplies. The $35 monthly maximum applies regardless of the amount or types of supplies and equipment prescribed. The limit applies once the p