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Beginning July 1, 2009, Minnesota law requires employers that 1) do not offer health insurance benefits to their employees 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.
Employers may “opt-out” of this requirement by certifying to the Commissioner of Commerce that they have received education and information on the advantages of Section 125 plans and have chosen not to establish such a plan. (Minnesota Statutes, Sec. 62U.07)
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Fields in red are required.
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CERTIFICATION:
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I/we certify to the Commissioner of the Minnesota Department of Commerce, on behalf of the following employer, that I/we have received education and information on the advantages of Section 125 plans.
YES NO
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CERTIFICATION:
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I/we certify to the Commissioner of the Minnesota Department of Commerce, on behalf of the following employer, that I/we choose to Opt-Out of the requirement to establish a Section 125 plan.
YES NO
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Company:
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Address:
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State:
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Phone:
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E-Mail:
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Re enter E-Mail:
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Responsible Contact Name:
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Responsible Contact Title:
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The remainder of these questions are optional
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To help us better understand your decision to opt-out of the requirement to establish a Section 125 Plan for your employees and guide future public policy, please answer the following questions:
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- Please provide the reason(s) for choosing not to establish a Section 125 Plan for your employees. (Check any that apply)
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- What was the source of the education and information that you received regarding the advantages of Section 125 Plans? (Check any that apply)
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