Published July 2010 BASIC has recently launched a free webpage containing Healthcare Reform resources for use by our Agents and Clients. Click here to be transported to the Healthcare Reform resources webpage. When BASIC receives further clarification of Healthcare Reform regulations, updates will be posted in a timely manner. Feel free to bookmark this webpage. Below are a […]
Published July 2010 The COBRA quiz is below. It may be easiest to write your multiple choice answers on a scrap piece of paper. A Webinar invitation to the COBRA: Back to Basics Webinar separates the questions section from the answers at the end of the article. QUESTIONS: 1 ) What employers have to comply with […]
Published July 2010 If you haven’t read Part 1 of this article, it is available by clicking here. Let’s take a typical situation to demonstrate how the process should work for an employee termination. Imagine you’re the VP of Human Resources at a manufacturing company and one day your phone rings. One of the other officers […]
Published June 2010 Over the past few years, more employers are using a consumer driven health plan (CDHP) to combat the rising cost of health care. The CDHP model is designed to encourage employees to make more informed and cost efficient decisions regarding their health care. CDHPs have become increasingly popular, surpassing HMOs to become the second […]
Published June 2010 There are few decisions an employer makes riskier or more important to the long term health of the business than whether and how to terminate an employee. The separated employee has the right to challenge that decision before a number of state, local and federal agencies, all of which have the power […]
Published May 2010 Congress recently passed the Continuing Extension Act of 2010 which approved an extension for the COBRA Subsidy for the third time. Individuals who are involuntarily terminated on or before May 31, 2010 are now eligible for the subsidy which covers 65% of the cost of COBRA coverage. Without the extension, employees who […]
Published May 2010 Most people associate something negative or unprincipled with the word “outsourcing”. The common misconception is that Americans are losing jobs to foreign workers in other countries. While this may be true in some cases, outsourcing can also be a great way for businesses to reduce costs and improve service quality while gaining […]
Published May 2010 The recent passage of Health Care Reform legislation will affect virtually every American in one way or another. Among many other health care benefits, regulations for Flexible Spending Accounts have also been altered by Health Care Reform. Children up to Age 26 There is a requirement for group health insurance plans to cover […]
Published April 2010 Privacy and security are becoming more important as business is increasingly being conducted online. In an effort to keep costs down for clients, BASIC recently requested a discount to be offered for our clients to increase their ability to use encrypted email communication. Currently, clients can open our emails sent with Zix […]
Published April 2010 IRS regulations govern the eligibility of reimbursable items and we realize these rules can be confusing at times. As Flex Administrators, BASIC helps ensure that your Flex plan stays within these regulations. This is even more important now that President Obama has increased the budget for fraud and abuse investigations by 50% […]
