CURRENT NEWS AND
REGULATORY UPDATES

On Nov. 6, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44 (Rev. Proc. 19-44), which increased the health FSA dollar limit on employee salary reduction contributions to $2,750 for taxable years beginning in 2020.

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D.

On Sept. 24, 2019, the U.S. Department of Labor (DOL) announced a new final rule that updates the salary thresholds that some individuals must meet in order to qualify for a minimum wage and overtime exemption under the federal Fair Labor Standards Act (FLSA). The final rule becomes effective on Jan. 1, 2020.

On Aug. 1, 2019, the Minnesota Department of Public Safety will begin enforcing its new hands-free while driving cell phone law. The law is intended to combat the distracted driving epidemic and the increasing rate of related accidents.

On July 17, 2019, the IRS released Notice 2019-45 to add care for a range of chronic conditions to the list of preventive care benefits that can be provided by a high deductible health plan (HDHP) without a deductible.

Minnesota employers should be preparing to comply with the state’s new Wage Theft Law by Aug. 1, 2019. The law, which goes into effect July 1, 2019, will require employers take on additional responsibilities related to personnel record-keeping and written notices.

On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020.

May 24, 2019 – This is a reminder your 2018 PCORI fee is due July 31, 2019.

On March 7, 2019, the U.S. Department of Labor (DOL) issued a proposed rule that would change the salary thresholds for certain exempt employees under the Fair Labor Standards Act overtime rules.

On Dec. 14, 2018, a federal judge ruled in Texas v. United States that the entire Affordable Care Act (ACA) is invalid due to the elimination of the individual mandate penalty in 2019.

  Nov. 16, 2018 – As of Nov. 15, 2018 the Internal Revenue Service (IRS) published Revenue Procedure 2018-57  This publication states the IRS raised…