Insights

Recently, the state's new retirement savings program, known as MyCTSavings, opened for registration. The program was created by 2016 legislation (Public Act No. 16-29) and is designed to help private-sector employees without access to employer-sponsored retirement plans. The Connecticut Retirement Security Authority is responsible for overseeing the program. MyCTSavings requires employers to either sponsor their own retirement plans or participate in the new state program. Specifically, an emp

The Employment Security Department has updated their certification of a serious health condition forms. With new updated certification forms, employees can complete a medical certification form with their healthcare provider by the type of leave they are taking. The available new forms are as follows: Certification form (pregnancy and birth) Certification form (family leave) Certification form (medical leave) Additionally, employers subject to the WA PFML program should verify whether their w

On March 8, 2022, the United States District Court Northern District of Illinois denied an insurer their motion for summary judgment indicating the employment practices exclusion within their policy did not necessarily preclude coverage for a Biometric Information Privacy Act (BIPA) style claim. Although a jury will ultimately decide the matter, there are implications that could open defense and indemnity coverage to employers under their commercial general liability policies. Illinois employer

Watch BDO and NFP's 30-minute panel discussion on D&O insurance strategies for SPACs. During this session our thought leaders discussed: The SPAC litigation environment today Unique insurance issues facing SPACs D&O insurance coverage options Change of control adjustments Speakers Michael Stevenson - Partner, Accounting & Reporting Advisory Services National Practice Leader, National SPAC Practice Co-Leader, BDO USA, LLP Andrew J. Pendergast - Managing Director,

After another year that tested us in new ways, employers have abundant opportunities to elevate the impact they have on their employees. The 2022 NFP US Benefits Trend Report is designed to help employers - of all sizes and across industries - enhance their ability to seize these opportunities by: Validating the challenges employers are facing Empowering you to navigate complexity with actionable insights Reinforcing that progress requires partnership - no organization can (or should) go it al

Before discussing an employer's health insurance obligations for an employee on workers' compensation, it is important to note that workplace injuries and the state requirements surrounding them are employment issues that are outside of our benefits compliance scope. Employers should continue to work within their state's rules for administering workers' compensation for an employee that is injured on the job. Those rules may even involve requirements for the employer to provide medical care to

On May 6, 2022, the US Court of Appeals for the Eighth Circuit ruled in Skelton v. Radisson Hotel Bloomington, et al. that a life insurer, when assuming a fiduciary role to determine eligibility and enrollment, must maintain an effective enrollment system. Specifically, the system must sync lists of eligible enrolled participants maintained by the insurer and employer. The plaintiff in this case, Corey Skelton, sued his late wife Beth Skelton's employer, Radisson Hotel Bloomington ('Radiss

The Department of Insurance and Financial Institutions recently extended the ability of health insurance carriers in the individual and small group market to continue transitional health insurance plans indefinitely until such time as CMS issues an announcement ending the nonenforcement of certain market reforms. On March 23, 2022, CMS provided guidance for a transition policy extension that allows insurers the option to renew non-grandfathered non-ACA-compliant plans if the state allows for s

The IRS, DOL and HHS recently asked the Fifth Circuit to stay an appeal they had filed on the Texas federal court case vacating key parts of the independent dispute resolution (IDR) process in the No Surprises Act (NSA) interim final rule. The court granted the hold to pause the legal challenge on May 3. In the Texas federal court case, the plaintiffs challenged the rule's presumption that the qualifying payment amount (QPA), which is the median contracted rate for an item or service for a geog