Fringe
Benefit Accounts

Tailored benefit accounts for your company culture that help increase employee engagement and retention.

60%

of employees are interested in their employer providing a wider mix of nonmedical benefits

BASIC’s Fringe Benefit Accounts give employers the flexibility to offer unique emerging benefits that employees are longing for with administrative support to lessen the burden on HR and Management.

Home Office – Pet Wellness – Vaccine Reward – Employee Crisis – Fertility and Adoption – Employee Achievement

Home Office Account

The trend of allowing employees to work remotely is here to stay.

For remote employees to be productive, effective, and happy, employers need to implement or rethink home office policies, procedures, and benefits.

An IRS compliant Home Office Account allows remote employees to be reimbursed for home office expenses on a tax-advantaged basis. Additionally, employers do not have to pay payroll taxes on contributions.

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Professional Business Expenses, Travel and Business Meals, Work Clothes, and Workplace Tools Accounts are also available through our Accountable Accounts.

Pet Wellness Account

A Modern Employee Benefit

Currently, only a small fraction of employers offer a pet insurance benefit or pet care account, but after the pandemic, the demand for pet fringe benefits will likely increase. Offering this benefit is a great way to attract and retain talent.

Pet care reimbursement expense examples:

Grooming or training classes
Pet insurance
Pet adoption
Boarding or daycare

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Vaccine Account

Employers determine the eligibility requirements & incentive amount.

Our account allows employers of all sizes to join some of the nationally recognized companies offering vaccine benefits. The BASIC CDA platform provides an easy way to offer monetary benefits to employees once they’ve received their COVID-19 vaccine without adding more onto HR’s plate.

This account isn’t limited to the COVID-19 vaccine. Clients can also incentivize their employees to get the annual flu shot as well.

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Employee Crisis Fund Account

BASIC offers two account types to allow employers to provide financial assistance to employees.

The Disaster Relief Payment program under Section 139 allows employers to provide tax-advantaged funds to employees impacted by a qualified disaster. Reimbursable expenses related to COVID-19 include childcare, tutoring, setting up a home office, and medical expenses.

Employers can also gift post-tax funds to employees struck by financial hardships resulting from a sudden unexpected event.

Increased employee retention and stress reduction are two top reasons for employers to offer financial wellness initiatives like the BASIC’s Employee Crisis Fund.

Fertility and Adoption Support

Fertility and family forming affects employees’ mental health, productivity, and financial stability.

The number of organizations offering fertility benefits has increased over the past five years. Reimbursable expenses can include costs related to:

In vitro fertilization
Use of donor eggs
Gestational surrogacy
Egg freezing
Domestic or international adoption

Employers determine the benefit amount and eligibility.

Employee Achievement & Award Account

A simple and uniform way to reward employees.

Our Employee Achievement & Award Account is a way for employers to incentivize their employees for specific achievements within the organization. Employers determine which accomplishments qualify for an award and then deposit the funds directly into the employee’s Achievement & Award Account, which can be used for any expense the employee chooses. No more purchasing gift cards or certificates that come with a convenience fee or restrictions on where they can be spent.

Employers can opt for the first $400 to be tax-exempt for employees.

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Industry Leading Benefit Administration

BASIC Consumer Driven Accounts (CDA)

CDA Account Features

One of the advantages of BASIC CDA is the flexibility to add new accounts to meet changes in regulations, business culture, employee benefit trends, or marketplace demands. The options are truly endless.

Custom Tailored Plans

Fully Integrated With BASIC’s CDA Services

Industry Leading Smart Debit Card

We handle all the tracking, verification, reimbursement, and reporting

A cutting edge integrated system allowing employers and participants to manage all their benefit plans with one card, one website, and one mobile app.

Employers can choose to enrich their benefits package with a wide range of healthcare benefit accounts like FSA, Simple HRA, or HSA.
Combine with a variety of available benefit accounts such as Dependent Care, Commuter, Wellness Rewards, Disaster Relief Accounts, and Education Reimbursement.
Participants receive a BASIC Card & MyCash account to make reimbursement easier than ever.
Manage benefits anywhere, anytime in the BASIC benefits mobile app.