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Modern Benefits: Unique Plans Help Employers Stand Out BASIC

WebThese are just a handful of examples of modern benefits that exist beyond traditional accounts like FSA, HSA, and HRA. There are many other benefit options out …

Actived: 5 days ago

URL: https://www.basiconline.com/blog/modern-benefits-did-you-know-you-can-offer-these-unique-plans/

FSA: Flexible Spending Accounts – What employers need to know

WebWhat is an FSA? A flexible spending account (FSA) is an employer sponsored benefit that allows employees to set aside money on a pre-tax basis for …

Category: Health Go Health

What It Means If Your Health FSA Is Not An “Excepted Benefit”

WebThe maximum benefit cannot exceed the greater of 1) two times the employee’s annual health FSA election, or 2) the employee’s annual health FSA election plus $500. …

Category: Health Go Health

Employer Wellness Plan Wellness Accounts Employee Health

WebWellness Plan Account features that benefit you: Improved employee health & wellness. Incereased employee morale and loyalty. BASIC Wellness Rewards and …

Category: Health Go Health

Benefits to Offer Employees: Don’t Overlook an HRA! BASIC

WebEBHRA (Excepted Benefit)*. Designed for employers who offer major medical coverage and can reimburse dental, vision, and STLDI premiums and out-of …

Category: Medical Go Health

FSA Administration Flex Benefits Flexible Spending

WebFlexible Spending Accounts (FSA) are part of the IRS Section 125, also known as a cafeteria plan. FSAs are an employer sponsored benefit that allows …

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HSA Administration Health Savings Accounts for Employers

WebHSAs are a tax savings account that is only available if it is paired with a qualified high-deductible health plan (HDHP). IRS Publication 502 contains a list of all …

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FSA Qualified Expenses What are FSA eligible expenses

WebFSA Accounts just got even more flexible! Over-the-counter (OTC) medications and menstrual products are now FSA-eligible with the enactment of the …

Category: Health Go Health

Can Physician “Concierge Fees” be Reimbursed From a

WebYes – but if the fee was paid up front, it is only reimbursable once the physical has actually been performed. Keep in mind that annual physicals are often …

Category: Health Go Health

COBRA Continuation Coverage – Which Plans Are Subject to …

WebThat type of wellness program is subject to COBRA. Teladoc. Often Teladoc is included or wrapped into the health plan, but if it is a standalone plan and employees …

Category: Health Go Health

COBRA Administration & Compliance 30 Years Experience

WebCOBRA administration features that benefit you: Add Participants & Update Rates. COBRA is the most commonly outsourced HR function. Since 1995, BASIC has …

Category: Health Go Health

ARRA modifications to HIPAA BASIC

WebThe American Recovery and Reinvestment Act of 2009 (ARRA) approved by Congress on February 13, 2009 and signed into law by the President on February 17, …

Category: Health Go Health

Current Clients BASIC

WebClick on the service and location below to access the employer and employee portals. Each portal has custom links for account access and administration forms. You can bookmark …

Category: Health Go Health

Pet Wellness Reimbursement: A Modern Employee Benefit

WebThe pet wellness reimbursement account is a fringe benefit that is appreciated by all pet owners, giving them financial flexibility to improve the lives of their …

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BASIC Headquarters

WebBelow are resources for your HRA (Health Reimbursement Arrangement). If you’ve recently upgraded to the new CDA system, please click here!

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There’s More to Section 125 Plans Than the Standard Medical FSA

WebPOP Plans allow employees to pay for their employer’s sponsored health plan premiums before taxes. Regulations require a legal plan document to offer this …

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BASIC Headquarters

WebFSA – Medical and Dependent Care. FSA Enrollment Booklet – A guide to what is an FSA, the tax benefits, a list of common medical eligible expenses, an outline of Dependent …

Category: Medical Go Health

Nondiscrimination Testing Guide and FAQs

WebIn general, the HCEs and Keys, as applicable, will lose the Code §125 safe harbor from constructive receipt. This means the benefits that fail the nondiscrimination tests may be …

Category: Health Go Health

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