Skip to content

Fraser Blog

Fraser Trebilcock Blog

Recent Posts

  • Five Stories That Matter in Michigan This Week – June 20, 2025
  • Collateral Consequences: How Criminal Convictions Can Jeopardize Your Professional License
  • Five Stories That Matter in Michigan This Week – June 13, 2025
  • Five Stories That Matter in Michigan This Week – June 6, 2025
  • Duty to Defend and Indemnify

Recent Comments

  • Five Stories That Matter in Michigan This Week – July 28, 2023 - FraserTrebilcock Blog on Client Alert: PCORI Fees Due by July 31, 2023!
  • Five Stories That Matter in Michigan This Week – July 21, 2023 - FraserTrebilcock Blog on Client Alert: PCORI Fees Due by July 31, 2023!
  • Five Stories That Matter in Michigan This Week – July 14, 2023 - FraserTrebilcock Blog on NLRB’s Atlanta Opera Ruling Imposes Stricter Independent Contractor Test on Employers
  • Five Stories That Matter in Michigan This Week – July 7, 2023 - FraserTrebilcock Blog on Michigan’s New Distracted Driving Law Takes Effect June 30
  • Five Stories That Matter in Michigan This Week – July 7, 2023 - FraserTrebilcock Blog on NLRB’s Atlanta Opera Ruling Imposes Stricter Independent Contractor Test on Employers

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • January 2013
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011

Categories

  • Administrative & Regulatory
  • Banking & Financial Institutions
  • Business & Tax
  • Cannabis Law
  • Cottage Law
  • Criminal Law
  • eDiscovery
  • Election Law
  • Employee Benefits
  • Energy, Utilities & Telecommunications
  • Environmental
  • Family Law
  • Health Care
  • Health Care Reform
  • Higher Education
  • In the News
  • Insurance
  • Intellectual Property
  • Labor, Employment & Civil Rights
  • Legislative Affairs
  • Litigation
  • Real Estate
  • Sports Law
  • Trusts & Estates
  • Uncategorized
  • Utility Law

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
Photo of Michigan Capitol Building

Five Stories That Matter in Michigan This Week – May 26, 2023

  1. Health Savings Accounts and High Deductible Health Plans Limits Increased for 2024

The federal government recently announced that the inflation adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) will increase in 2024. For example, HSA contributions for an individual will increase in 2024 to $4,150 from $3,850 in 2023, and the minimum deductible on a HDHP for an individual will increase to $1,600 in 2024 from $1,500 in 2023.

Why it Matters: At a time of economic uncertainty and persistent inflation, these adjustments are intended to allow more people to access health care in a tax advantaged way.

———

  1. New Distracted Driving Laws Take Effect June 30

Beginning June 30, Michigan motorists will be prohibited from using any mobile electronic device while operating a motor vehicle, even if at a stop sign or red light. This includes sending/receiving texts, accessing social media, or recording videos.

Why it Matters: First time offences include a $100 fine and/or 16 hours of community service, in addition to one point being added to the individual’s driving record. And penalties will increase for repeated violations.

———

  1. US and Canada Announce Electric Vehicle Corridor

Last week, the United States and Canada announced plans to launch a binational electric vehicle corridor stretching from Kalamazoo, Michigan, to Quebec City. The corridor will include fast EV chargers approximately every 50 miles along the 872-mile route.

Why it Matters: Officials said the plan would increase domestic manufacturing, strengthen supply chains and create jobs while supporting climate and alternative energy transportation goals.

———

  1. Considerations for Creditors Involved in the Receivership Process

When a business enters receivership, creditors can take several actions to protect their interests and maximize their chances of recovering the money owed to them such as staying informed, participating in the process, filing a proof of claim, and monitoring asset management.

Why it Matters: By staying proactive and engaged throughout the receivership process, creditors can protect their interests and maximize the chances of recovering the money owed to them.

———

  1. June 5 Business Education Series

During this two-presentation dynamic program, attendees will learn about the SBA 504 Loan from Coty Gould with the MCDC (Michigan Certified Development Corporation), and Government Contracts from Mike Hindenach with APEX (formerly known as PTAC Procurement Technical Assistance Centers).

Why it Matters: The SBA 504 Loan presentation you will learn the basics of SBA 504 loan, the benefits and how to qualify and apply. MCDC is a non-profit certified by the US SBA to administer the SBA 504 Loan Program in Michigan. The SBA 504 loan provides small businesses with low-rate, long-term loans for building purchases, construction, and machinery and equipment. In addition, these loans require a smaller down payment than what traditional lenders can offer, allowing the business owner to preserve capital. Learn more and to register.

Related Practice Groups and Professionals

Employee Benefits | Robert Burgee
Energy, Utilities & Telecommunication | Mike Ashton
Cannabis Law | Sean Gallagher

Posted on May 26, 2023May 26, 2023Author Eriks DumpisCategories Business & Tax, Cannabis Law, Employee BenefitsTags distracted driving, electric vehicle, HDHP, Health Savings Account, high deductible health plan, HSA, receivership, SBA

Post navigation

Previous Previous post: Five Stories That Matter in Michigan This Week – May 19, 2023
Next Next post: Client Alert: IRS Announces 2024 Adjustments for HSAs & Excepted Benefit HRAs
Proudly powered by WordPress