CURRENT NEWS AND
REGULATORY UPDATES

All News & Updates

Department of Labor Issues New Proposal on Overtime Exemptions

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.

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ACA Remains in Place

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.

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IRS Releases 2019 FSA and TRA Limits

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

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Exemptions Lifted on Operators with Properly Managed Diabetes

Nov. 8, 2018 – The Federal Motor Carrier Safety Administration (FMCSA) has ruled to revise regulations in order to qualify individuals who have properly controlled…

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Final Forms for 2018 ACA Reporting Released

October 18, 2018 – In late Sept. 2018, the Internal Revenue Services (IRS) released final 2018 forms and instructions for reporting under Internal Revenue Code…

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DOL Finalizes Rule to Expand Association Health Plans

June 28, 2018 – On June 19, 2018, the Department of Labor (DOL) released a final rule that gives small businesses more freedom to join…

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Patient-Centered Outcomes Research Institute Fees (PCORI Fees) due July 31, 2018

June 6, 2018 – This is a reminder your 2017 PCORI fee is due July 31, 2018. What is a PCORI fee? The Affordable Care Act…

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North Risk Partners merges with Midwest United in Marshall, Minn.

St. Cloud, Minn. – Effective June 1, 2018, North Risk Partners merged with Midwest United Insurance Services, a seven-person independent insurance agency located in Marshall,…

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North Risk Partners merges with Bearence Management Group, creating one of the Midwest’s largest independent insurance agencies

May 1, 2018  – Effective May 1, 2018, North Risk Partners officially merged with Bearence Management Group, another independent insurance brokerage firm with over 80 employees…

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$6,900 Re-established as 2018 HSA Contribution Limit for Certain Individuals

April 27, 2018 – The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family…

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Enforcement of Electronic Logging Devices Begins April 1

Effective April 1, 2018, the Federal Motor Carrier Safety Administration, a branch of the Department of Transportation, will begin enforcement of the following if a Commercial Motor Vehicle (CMV) driver…

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Tax Reform Changes HSA Limit for Family Coverage

March 7, 2018 – In Internal Revenue Bulletin 2018-10, the Internal Revenue Service (IRS) describes changes to the limit on health savings accounts (HSAs) as prescribed…

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