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Paid sick leave ordinances take effect; Chamber lawsuit continues

Welcome to the new regulatory landscape for doing business in Minneapolis and St. Paul. Effective July 1, businesses must conform to local ordinances mandating paid sick and safe time.
 
The laws govern the same employee benefit, but that’s where the similarity ends. For example, in Minneapolis, the law applies to businesses with six or more employees. In St. Paul, you must comply if you have one employee. The accompanying chart shows the other differences in the laws.
 

Helping Employees Avoid Financial Hardship

As many of us know, balancing work with the rest of life can be a challenging task. This task is only made worse when working people and their families encounter financial uncertainty or even hardship. In recent years, financial stress and dealing with potential incidents, is one of the biggest causes of stress for working adults, with many households reporting that they are unable to deal with an unexpected expense of $500 (CBS Moneywatch).
 

HHS Releases HIPAA Cyber-Attack Checklist

The Department of Health and Human Services (HHS) Office of Civil Rights (OCR) has released a quick-response checklist briefly describing the steps that HIPAA-covered entities (including medical and dental offices) and their business associates should take in response to a cyber-related security incident. Steps include:
 
  • Executing the entity's response and mitigation procedures and contingency plans, such as immediately fixing any technical or other problems to stop the incident;

2018 Health Savings Account Limits Released

The IRS has announced the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs).
 
Annual Contribution Limitation 
For calendar year 2018, the annual limitation on HSA deductions for an individual with self-only coverage under a high deductible health plan is $3,450 (up from $3,400 for 2017). The annual limitation on HSA deductions for an individual with family coverage under a high deductible health plan is $6,900(up from $6,750 for 2017).
 

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