Insights

On May 24, 2023, Gov. Walz signed a bill providing paid sick and safe leave to employees in the state. Under the new law, effective January 1, 2024, employees (including part-time and temporary employees) performing work for their employer in Minnesota for at least 80 hours in a year may accrue up to 48 hours of this leave per year (at a rate of a minimum of one hour of this leave for every 30 hours worked). Independent contractors are exempt. Employees can take this leave for the following rea

On May 19, 2023, Gov. Walz signed a bill creating a state-sponsored program allowing private sector employees to save for retirement. Starting January 1, 2025, the program (administered by a board) will establish individual retirement accounts (IRAs) into which eligible employees will contribute a designated portion of their pay. Employers in Minnesota with five or more employees that do not provide retirement benefits to those employees are required to enroll its employees in the program and w

Discover which rewards programs matter most to your organization.

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An NFP point of view.

On May 15, 2023, the US Court of Appeals for the Fifth Circuit (the Fifth Circuit) issued an administrative stay (i.e., a pause) of the lower court's remedy in Braidwood Management Inc. v. Becerra. As a result of the stay, all ACA preventive care mandates remain in effect until the Fifth Circuit rules on the substance of the case. As explained in our prior article, on March 30, 2023, the US District Court for the Northern District of Texas invalidated and prevented enforcement of certain ACA pr

Recently, Gov. Kemp signed House Bill 315, which amends the insurance regulations to require that a health benefit policy that provides coverage for diagnostic examinations for breast cancer shall ensure that the cost-sharing requirements applicable to diagnostic and supplemental breast screening examinations are no less favorable than the cost-sharing requirements applicable to screening mammography for breast cancer. However, if this cost-sharing requirement would result in HSA ineligibility,

HRAs are generally considered self-insured plans that are subject to the PCOR fee. Employers who sponsor self-insured plans (including HRAs) must report and pay the annual PCOR fee with their second quarterly filing of Form 720 (Quarterly Federal Excise Tax Return). The filing is due no later than July 31 of the calendar year immediately following the last day of the plan year to which the fee applies. This means that employers with 2022 calendar year self-insured plans must report and remit th

The Colorado Division of Insurance has released its first annual report on healthcare sharing plans and arrangements (HCSAs) operating in the state, calling it just "the first step in finding out more about HCSAs and how they work" so that the Division "can help Colorado consumers to know what they are getting, and, more importantly, what they aren't getting, when they look at HCSAs." The product of legislation passed last year in response to consumer complaints and other concerns about these p