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Regulatory Updates
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.
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…
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…
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…
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…
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…
$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…
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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