Feature image for Minnesota Section 125 Opt-Out Form
Minnesota Section 125 Opt-Out Form
Beginning July 1, 2009, Minnesota law requires 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.
Small business employers may "opt-out" of the requirement to provide a Section 125 health plan for their employees 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)