CURRENT NEWS AND
REGULATORY UPDATES

All News & Updates

2023 PCORI Fees Due July 31, 2024

June 24th, 2024 – For employers that have a medical plan with an HRA and/or are self or level-funded, 2023 PCORI fees are due July 21, 2024.

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SevenHills Benefit Partners in Bloomington, MN Joins North Risk Partners

Effective May 1, SevenHills Benefit Partners in Bloomington, Minnesota joined North Risk Partners, one of the largest independent insurance brokers and risk advisory firms in…

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McKinneyOlson Insurance in Sioux Falls Joins North Risk Partners

Effective February 1, McKinneyOlson Insurance in Sioux Falls, South Dakota joined North Risk Partners, one of the largest independent insurance brokers and risk advisory firms…

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Minnesota Trucking Association Launches State’s First Association Health Plan for the Trucking Industry

Jan. 17, 2024 Association Health Plan Created by North Risk Partners Available Through Blue Cross and Blue Shield of Minnesota for 2024. Plymouth and Eagan,…

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Final 2023 ACA Reporting Instructions and Forms Issued

Nov. 3, 2023 – The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056.

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Employee Benefits Compliance Updates: Gag Clause Attestations & Pay or Play Affordability Percentage

Oct. 4, 2023 – This update cover two employee benefits compliance updates. The first update covers the prohibition of gag clauses under the CAA, and the second update explains the pay or play affordability percentage for 2024.

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Insurance Specialists Team in Big Lake Joins North Risk Partners

Effective July 1, Insurance Specialists Team in Big Lake, Minnesota joined North Risk Partners, one of the largest independent insurance brokers and risk advisory firms…

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2022 PCORI Fees Due July 31, 2023

June 14, 2023 – For those that have a medical plan with an HRA and/or are self-funded, this is a reminder your 2022 PCORI fee is due July 31, 2023.

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HSA/HDHP Limits Increase for 2024

On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024.

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End of COVID-19 Emergency Periods Impact on Health Plans

Feb. 8, 2023 – The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023.

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Upcoming ACA Reporting Deadlines

Feb. 6, 2023 – Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2023.

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PCORI Fee Amount Adjusted for 2023

Dec. 13, 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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