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North Risk Helps Launch Association Health Plan for MN Housing Industry
Saint Paul and Eagan, MN (November 19, 2019) – Insurance solutions firm North Risk Partners has partnered with Housing First Minnesota to launch an association health plan (AHP) through Blue Cross and Blue Shield of Minnesota (Blue Cross) for those involved in residential homebuilding.
Health FSA Limit Will Increase for 2020
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.
Medicare Part D Notices Are Due Before Oct. 15, 2019
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D.
The Issue of Certificates of Insurance: Panel Discussion
On Sept. 24, a group of insurance professionals gathered for a discussion around the challenges faced when issuing a Certificate of Insurance.
DOL Issues New Salary Limits for Overtime Exemptions
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.
MN Hands-free Cell Phone Law: 5 Things You Should Know
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.
IRS Expands Preventive Care for HDHPs to Include Chronic Conditions
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 Face New Wage Theft Law July 1
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.
IRS Announces HSA/HDHP Limits for 2020
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.
Patient-Centered Outcomes Research Institute Fees (PCORI Fees) due July 31, 2019
May 24, 2019 – This is a reminder your 2018 PCORI fee is due July 31, 2019.
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.
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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