BASIC Flex

This section covers the specific features of a BASIC Flex Plan.

Save 25–40% on each pre-tax dollar in BASIC Flex
With BASIC Flex, you elect to have a certain dollar amount transferred from your paycheck into a special account to pay for expenses as they occur. This money is taken from your gross pay prior to taxes. You save by not having to pay federal and most state and local taxes, as well as Social Security and Medicare taxes, on the amount you set aside. The type of account your employer has set up will determine if the money is to be used to pay for group health insurance premiums or out-of-pocket medical, dental/vision expenses or dependent care expenses.

BASIC offers a variety of Flex Plans to meet your specific needs

BASIC Flex: Our third party administered Flex Plan. With this plan you can leave all the work to us. Employees submit their claims to us and we process them daily. Our staff stays on top of regulations so you don’t have to.

BASIC Flex POP: Our premium only plan (POP) allows for valuable tax savings on insurance premium cost for both employers and employees.

BASIC Card: The pre-paid debit card is the future in Flex plans. Rather than employees having to pay out of pocket and get reimbursed; employees pay with their BASIC Card.

BASIC Flex Limited Purpose: Our Limited Purpose Flex plans allow employees that have HSAs to have a Flex plan for dental, vision and dependent care expenses.

BASIC Flex Self Administered: BASIC offers software for those employers that would rather administer their Flex Plan.

Reimbursements are fast and easy
With the BASIC Card you can pay directly from your account using a debit card. For any payments paid out of pocket you can submit a claim to BASIC via email, fax or mail. Claims are processed daily, five days a week. Reimbursements can be in the form of a check or direct deposit. As easy as it gets.

A personal account representative is assigned to each company
One person point of contact makes asking questions simple and easy. If your representative is unavailable you can either leave a message and they will promptly call you back or you may speak to an available representative.

View real time plan activity 24/7
Access your account on-line anytime, anywhere. View account balance as well as see the most recent paid claims.