CURRENT NEWS AND
REGULATORY UPDATES

All News & Updates

PCORI Fee Amount Adjusted for 2023

Nov. 30, 2022 – The Internal Revenue Service (IRS) has issued Notice 2022-59 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1, 2022, and before Oct. 1, 2023.

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IRS Finalizes Change to Family Coverage Affordability Rules

On Oct. 11, 2022, the IRS released a final rule that changes the eligibility rules for the premium tax credit (PTC).

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North Risk Hires Mike Jacobs as Firm’s Twin Cities Division President

On Sept. 12, insurance veteran and seasoned leader Mike Jacobs joined North Risk Partners as the firm’s Twin Cities division president. Jacobs comes to North…

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Requirement to Post Machine-readable Files Begins July 1, 2022

June 17, 2022 – The Transparency in Coverage Final Rules require group health plans and health insurance issuers to disclose on a public website detailed pricing information in three separate machine-readable files (MRFs).

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2021 PCORI Fees Due Aug 1, 2022

June 7, 2022 – For those that have a medical plan with an HRA and/or are self-funded, this is a reminder your 2021 PCORI fee is due Aug 1, 2022, since July 31, 2022, is a Sunday.

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Krist Insurance in West Des Moines Joins North Risk Partners

Effective May 1, Krist Insurance Services in West Des Moines, Iowa joined North Risk Partners, one of the largest independent insurance broker and risk advisory…

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HSA/HDHP Limits Increase for 2023

On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023.

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International Roadcheck will Run May 17 – 19

April 28, 2022 – The CVSA announced that this year’s International Roadcheck is scheduled for May 17 – 19, 2022.

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North Risk Named a Top Personal Insurance Agency by Chubb

March 4, 2022 – Chubb has bestowed its Cornerstone designation on North Risk Partners. Of the approximately 2,300 personal lines insurance agencies and brokerages that…

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Guidance on Coverage of Over-the-counter (OTC) COVID-19 Tests

Jan. 20, 2022 – The Depts. of Labor, HHS, and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests.

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Supreme Court Stays OSHA ETS Vaccination and Testing Mandate

On Jan. 13, 2022, the Supreme Court of the United States (SCOTUS) ruled to stay the OSHA vaccination and testing emergency temporary standard (ETS).

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Health Care Plan Created by North Risk for MN’s Electrical Association

Jan. 13, 2022 – North Risk Partners has partnered with Minnesota’s Electrical Association to launch an association health plan (AHP), Health Spark, through Blue Cross…

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