CURRENT NEWS AND
REGULATORY UPDATES

All News & Updates

North Risk Welcomes First-Ever CIO Aric Fier

Effective April 1, Aric Fier joined North Risk Partners as the firm’s first Chief Information Officer (CIO). Aric has over 25 years of experience in…

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HSA/HDHP Limits Increase for 2022

On May 10, 2021, the IRS released revenue procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022.

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DOL Withdraws Independent Contractor Final Rule

May 7, 2021 – The U.S. Department of Labor (DOL) announced it will officially withdraw the Independent Contractor final rule. The withdrawal was effective immediately upon its publication in the Federal Register on May 6, 2021.

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International Roadcheck Will Run May 4 – 6

April 26, 2021 – The Commercial Vehicle Safety Alliance (CVSA) has set May 4 – 6, 2021 as the dates for this year’s International Roadcheck for commercial motor vehicle inspections.

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EEOC Announces EEO-1 Reporting Will Begin April 26, 2021

April 12, 2021 – The U.S. EEOC announced the portal for private-sector employers to submit equal employment opportunity (EEO-1) workforce data from 2019 and 202 will open on April 26, 2021.

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DOL Issues Model Notices, FAQs for COBRA Subsidy in the ARPA

On April 7, 2021, the U.S. Department of Labor (DOL) issued FAQs and model notices for the COBRA premium assistance provisions of the American Rescue Plan Act (ARPA).

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BCBS Settlement Important Update

April 7, 2021 – As of right now, members affected by the Blue Cross Blue Shield anti-trust lawsuit (also known as members of the Damages Class) will begin receiving notification by email and mail about the related settlement.

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Paycheck Protection Program Extended

April 5, 2021 – Congress has passed the PPP Extension Act of 2021, a 60-day extension of the U.S. Small Business Administration’s (SBA) Payment Protection Program (PPP), which was set to expire on March 31.

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COBRA Subsidy Provisions of the American Rescue Plan Act

March 26, 2021 – The American Rescue Plan Act (ARPA) provides a 100% subsidy of premiums for employer-sponsored group health insurance continued under the Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA).

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American Rescue Plan Contains Employment-related Provisions

March 16, 2021 – President Joe Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on March 11, 2021.

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American Agency in the Twin Cities Joins North Risk Partners

Effective March 1, American Agency in the Twin Cities metro area joined North Risk Partners. Twenty-one American Agency team members joined the firm, growing North…

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Blue Cross Anti-Trust Lawsuit: Timing of Settlement Still Unknown

March 1, 2021 – In Sept. 2020, a settlement agreement was reached in the Blue Cross Blue Shield (Blue Cross) antitrust class-action lawsuit and recently the proposed settlement received preliminary approval.

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