CURRENT NEWS AND
REGULATORY UPDATES

All News & Updates

All Minnesota Businesses Must Have Preparedness Plan Starting June 29

June 26, 2020 – The Governor’s office is requiring all Minnesota businesses to establish and implement a COVID-19 Preparedness Plan by Monday, June 29 per Emergency Executive Order 20-74.

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EEOC Updates Employer Guidance on COVID-19 and the ADA

On June 17, 2020, the Equal Employment Opportunity Commission (EEOC) issued an additional answers to frequently asked questions (FAQs) about how employers should comply with the Americans with Disabilities Act (ADA) while also observing all applicable emergency workplace safety guidelines during the coronavirus pandemic.

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PCORI Fee Amount Adjusted for 2020

On June 8, 2020, the Internal Revenue Service (IRS) issued Notice 2020-44, which increases the PCORI fee amount for plan years ending on or after Oct. 1, 2019, and before Oct. 1, 2020, to $2.54 multiplied by the average number of lives covered under the plan.

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Patient-Centered Outcomes Research Institute Fees (PCORI Fees)

June 9, 2020 – This is a reminder your 2019 PCORI fee is due July 31, 2020.

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SBA Unveils PPP Loan Forgiveness Application

May 27, 2020 – The U.S. Department of Treasury (Treasury) and the Small Business Administration (SBA) recently released the Paycheck Protection Program (PPP) Loan Forgiveness Application (Application) and instructions (Instructions) for small businesses to use when applying for PPP loan forgiveness with their lender.

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IRS Announces HSA/HDHP Limits for 2021

On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021.

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Middaugh Benefits in Fargo joins large Midwest insurance firm, North Risk Partners

Effective June 1, Middaugh Benefits Consulting joined North Risk Partners, one of the largest independent insurance broker and risk advisory firms in the Midwest. Middaugh’s…

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Mactavish Benefits Joins North Risk Partners

Effective June 1, Mactavish Benefits of Minnetonka, Minn. joined North Risk Partners. The Mactavish team will continue providing direct service to their clients, now with expanded capabilities…

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Handling Employee Benefits Premium Credits: Guidance for Employers

May 19, 2020 – Several benefits carriers across a number of states have announced premium credits for health or dental coverage due to COVID-19 and lower than normal claim volumes.

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Final Notice of Benefit and Payment Parameters for 2021

On May 7, 2020, the Department of Health and Human Services (HHS) filed its final Notice of Benefit and Payment Parameters for 2021.

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IRS Issues New COVID-19 Guidance for Mid-Year Election Change Rules & Health FSA & DCAPs Flexibility

On May 12, 2020, the IRS announced they are providing temporary flexibility for mid-year election changes during calendar year 2020 and more options for unused funds in flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs).

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Creating a COVID-19 Return to Work Action Plan

May 7, 2020 – As states begin to reopen during the ongoing COVID-19 pandemic, many employers are preparing for their employees to return to work.

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