FSA rollover is a hot topic for flexible spending account (FSA) participants. After the pandemic caused many FSA eligible services to become unavailable for an extended period, many are wondering, “What will happen to my unused FSA funds after this past unfortunate year?” Thankfully, there is now an answer to that question. Recent legislation, the […]
To our valued clients and broker partners, We are incredibly thankful that you chose to make BASIC your partner for benefits and compliance. Our staff is working around the clock to make sure your experience is as smooth as possible, and we want to share a few ways to help make the most of our […]
Before talking about COBRA open enrollment, we’ve covered Which Health Plans Are Eligible for COBRA Continuation Coverage. Now that you know which plans qualify, it’s time to get into more details. Qualified beneficiaries are entitled to continue coverage on plans in which they were enrolled immediately before the qualifying event. Let’s look at two employees […]
Last month, Congress passed and the President signed the Consolidated Appropriations Act, a significant government funding bill which provides appropriations for the federal government, as well as economic stimulus provisions due to the ongoing COVID-19 pandemic. Given the Act’s length and complexity, this post addresses key employee benefit and charitable giving provisions but is not […]
BASIC has been closely watching to see if Congress would extend the FFCRA which was set to expire on December 31, 2020. Back in March, Congress passed the Families First Coronavirus Response Act (FFCRA). Under the FFCRA, most public sector employers and private sector employers with fewer than 500 employees must provide up to two […]
Dear Valued Clients, BASIC will be closed on the following dates in observance of holidays. Thursday, December 24 Friday, December 25 Friday, January 1 Current clients may still access our online resources while we’re closed here: https://www.basiconline.com/current-clients/ We thank you for your understanding and will be operating under our normal hours for days that aren’t […]
Effective January 1, 2021, the California Family Rights Act (CFRA) will extend leave rights to employees who care for grandparents, grandchildren, siblings, adult children, and other family members with serious health conditions. Employers covered by both CFRA and FMLA could be faced with a “stacking” problem. When CFRA and the FMLA overlap, time taken off can […]
Though the Affordable Care Act (ACA) has endured much scrutiny and litigation over the years, the legislation remains largely intact, meaning Affordable Care Act compliance is a must for Applicable Large Employers (ALEs). In the past, the IRS provided ways for ALEs to avoid substantial penalties by offering relief for those who demonstrated a good […]
In July, we first announced our plan to move to a 100% remote workforce and our goal to unify the BASIC brand. The health, safety, and well-being of our employees, partners, clients, and communities has always been our top priority, as well as the driving factor for this transition. Today, we’re pleased to report that […]
COVID-19 has caused unprecedented delays in the production of certain employment authorization documents. Both the DHS and ICE have continued with their department’s flexibility relative to I-9 documentation and completion and extended such flexibility into the future. To attend our no-cost I-9 compliance webinar, sign up here. The webinar will take place on December 29th, […]
