News

Minnesota Dept. of Commerce announces new reporting provisions
Tuesday, 16 June 2009

Beginning July 1, 2009 Minneaota law was amended to require employers that 1) do not offer health insurance benefits to their employers and 2) have 11 or more full-time equivalent employees to establish and maintain a Section 125 plan to allow their employees to purchase health coverage with pre-tax dollars. The new regulation does, however, allow employers to “opt-out” of the requirement if certain criteria is met. For more details about the amended law and the employer requirements, see the Minnesota Department of Commerce fact sheet, Minnesota Section 125 Plan introduction