December 17, 2020

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 This newsletter contains updates on the latest NFP and industry resources related to the Corporate Benefits industry. 
 This will be our last Corporate Benefits Latest Insights for 2020. We hope that you have a great rest of the year. We'll see you again on January 14, 2021. Happy Holidays!  
 Trend Report Monthly Highlight: Rx, VB and Cost Containment » 
 The COVID-19 Vaccines: Keeping Your Employees Safe » 
 COVID-19 Vaccine Administration Costs: What You Need to Know » 
 Supporting Employees’ Mental Health and Your Own This Holiday Season » 
 Post-Election Webinars Recordings Available » 
 Updated: Benefits Compliance State Quick Reference Chart » 
 Updated: Frequently Asked Questions: Benefits Compliance and COVID-19 » 
 NFP Forms Sports and Entertainment Group, Combining the Capabilities and Relationships of Its Market-Leading Subsidiaries » 
 NFP’s Growth, Culture Recognized in 2020 Industry Rankings » 
 The Anatomy of a Ransomware Attack » 
 In this episode, Chase Cannon and Suzanne Spradley review the compliance obligations employers must review and complete prior to the end of the year for both calendar and non-calendar year plans. Chase digs into the basis of imputed income for domestic partner coverage and group term life insurance, as well as the importance of calculating and adding imputed income before the end of the year. Chase and Suzanne review the notices, tests and filings that must be completed by years’ end, including the Massachusetts HIRD filing requirement. Chase then looks forward to 2021, investigating the federal and state reporting requirements for employer mandate and state individual mandates. As the pandemic – and remote work – continues into 2021, Chase and Suzanne discuss the importance of state tax nexus and employment and income tax withholding for those working from home in a different state. The two conclude with a quick recap of the continued administrative challenges created by the DOL’s extensions to COBRA and HIPAA special enrollment deadlines via the so-called “outbreak period.” 
 Benefits Trend Report Podcast Series Ep. 3: Voluntary Benefits — More Essential Than Ever » 
 In our latest US Benefits Trend Report podcast, Kim Bell, SVP, head of health and benefits, has a conversation with Kim Heald, NFP’s national practice leader for voluntary benefits. Kim Heald shares her perspectives on how the one-size-fits-all approach to benefits is increasingly ineffective, especially for multigenerational workforces, and the risks for employers if they don’t adapt by integrating supplemental health and lifestyle benefit options. The discussion also includes an overview of major challenges (70% of Americans are unable to save $1,000 to pay for unplanned medical expenses), how voluntary benefits can enhance employee financial stability and productivity, and an example of how voluntary benefits make a meaningful difference.
 This High School Opened a Campus Grocery Store — And Students Pay in Good Deeds » 
 Interested in updates on NFP’s other lines of business? 
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NFP Corp. and its subsidiaries do not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances. BenefitsPartners