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| | This newsletter contains updates on the latest NFP and industry resources related to the Corporate Benefits industry. | | | |
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 | NEW RESOURCES |  | | |
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| COVID-19 UPDATES | | | |
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| IN THE NEWS | | | |
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| | Complex Risk Solutions, Management and Professional Liability Practice Grows with New Hires | | | | | | NFP’s specialty business in Canada recently grew with three new additions to the team: Evan Garner, Joe Seeger and Scott Saddington. Garner and Seeger are joining our team as managing directors and will lead the growth of our newly formed Complex Risk Solutions group. Saddington is coming on board as senior vice president, financial lines, and will help grow the management and professional liability practice. | | |
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| CLIENT TRAINING | | | |
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| | NFP COVID-19 Vaccine Webinar | | | | | | Jan. 21 | 3:00 p.m. ET
At the end of 2020, the FDA granted emergency use authorizations to two COVID-19 vaccines and states have since starting distributing vaccines for phase 1a and beyond. Join NFP’s Nelly Rose, AVP of Clinical Pharmacy, and a member of our external legal team on Thursday, January 21 to share their insight on how things are going so far, guidance on how employers and employees can navigate the vaccine landscape, and what actions to take now.
For more information, you can also view our FAQ, which will be updated regularly as we receive new information. | | | | | | | | | | |
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| PODCASTS | | | |
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| | In this episode, Suzanne Spradley and Chase Cannon look at the brand new COVID-19 relief bill, called the Consolidated Appropriates Act, 2021. Suzanne starts with a provision of the bill that allows (at the employer’s discretion) employees to rollover unused amounts in their FSAs (health and dependent care) from 2020 to 2021 and from 2021 to 2022. Suzanne and Chase then talk about practical implications of the act, including employee notification, administration, and plan document updates before digging into provisions of the law that apply to individuals, including unemployment benefits and stimulus checks. Suzanne outlines the items in the law relating to small businesses, including extensions of employee retention and FFCRA tax credits and additional amendments to the PPP loan program. Suzanne and Chase close with a discussion of new prohibitions on certain surprise billing practices and on new requirements for plans and carriers on price transparency. | | | | | |
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| | In this episode, Suzanne Spradley and Chase Cannon look at a recent Supreme Court decision on ERISA preemption and state laws relating to pharmacy benefit managers (PBMs). Suzanne starts with a description of PBMs and state law regulation of PBMs. Chase and Suzanne discuss the meaning and application of ERISA preemption, and Suzanne outlines how lower courts and the Supreme Court have treated ERISA preemption previously. Suzanne tracks the background and arguments in the Rutledge case, and digs into the Supreme Court’s holding that ERISA does NOT preempt Arkansas’s PBM law. Chase and Suzanne close by discussing the potential implications of the holding for group health plans, both in and out of the PBM context. | | | | | |
| GOOD NEWS | | | |
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| | Interested in updates on NFP’s other lines of business? | | | | |
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| | 1/14/21 20-CB-CB-GEN-0225
This information has been provided as an informational resource for NFP clients and business partners. It is intended to provide general guidance, and is not intended to address specific risk scenarios. Regarding insurance coverage questions, each specific policy must be reviewed in its entirety to determine the extent, if any, of coverage available for the impact of the Coronavirus. If you have questions, please reach out to your NFP contact. | | |
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