Published April 2010 The Family Medical Leave Act (FMLA) can be, at best, a time consuming process to administer. Most of the time, it is confusing to the point of frustration. Employers often contact BASIC seeking ways to reduce their growing frustration with the FMLA. The following are a couple examples of concerns presented by […]
Published March 2010 Based on feedback from customers and our sales representatives, BASIC has found three main reasons why our Flex Administration is better than other TPA’s service. Plan Compliance Employers appreciate BASIC’s high standards of quality service. BASIC strives to keep every client in compliance with their respective services. One of the most important […]
Published March 2010 The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law on February 17, 2009 by President Obama. The ARRA allowed for a 65% government subsidy of COBRA premiums for American workers involuntarily terminated from employment. This COBRA subsidy was extended on December 19, 2009 to continue assistance for struggling […]
Published March 2010 The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in most private and public employment. The FLSA requires employers of covered employees who are not otherwise exempt to pay these employees a minimum wage of not less than $7.25 per hour. The FLSA […]
Published February 2010 Like you, BASIC is very concerned with data security. In order to best protect Personal Health Information (PHI) and other personal information, BASIC is installing an email encryption solution (ZixCorp) over the next couple weeks. We will provide more information as we near the final stages of implementation, specifically how to view […]
Published February 2010 COBRA is riddled with a myriad of complications and administration is not going to get easier any time soon. In fact, COBRA administration has become even more complex with the recent extension of the COBRA subsidy. The following is a simple summary of the changes brought about by the COBRA extension. A […]
Published February 2010 Tax season is once again upon us. Below are descriptions of many tax related tasks BASIC Payroll provides with its payroll services. While many payroll companies figure their client’s payroll taxes, fewer actually file those taxes for their clients. BASIC goes the extra mile to electronically file all required payroll taxes for […]
Published February 2010 On January 14, 2010, the U.S. Department of Labor (DOL) published the final regulations in the Federal Register stating when participant contributions become ‘plan assets’ subject to the Employee Retirement Income Security Act of 1974 (ERISA). Participant contributions are considered any amounts that an employer receives from its employees or are withheld […]
Published January 2010 A popular way for employers to reduce their paperwork and compliance headaches is to outsource business functions such as bookkeeping and accounting. In fact, 58 percent of American businesses now outsource some of their functions, according to a survey conducted by the Society of Human Resources Management. Among the reasons: it cuts […]
Published January 2010 What is the 90% Rule? The 90% rule program if for drug stores and pharmacies who want users of FSA and HRA debit cards to have the ability to swipe cards in their stores, but are not an IIAS Registered Merchant. IIAS was established in 2008 as a way to prevent participants from […]
