As more employees go back to work, employers face the tough task of ensuring their medical leave policies and practices are compliant with the new wave of local, state, and federal regulations aimed at helping employees affected by COVID-19. Employers unaware or negligent of the applicable regulation changes are starting to feel the heat from […]
Employers are involved in countless transactions each month, from delivering employee paychecks to reimbursing COBRA participant premiums. However, due to the COVID-19 pandemic, many employers have suspended check payments entirely. BASIC is happy to provide alternative paperless pay methods via the Automated Clearing House (ACH) Network. ACH is used for all types of electronic payments, […]
As the world continues to wrestle with the COVID-19 pandemic, we at BASIC are taking this opportunity to transition to a 100% remote workforce. The health, safety, and wellbeing of our employees, partners, clients, and communities has always been our top priority. The past few months have proven that we’re able to effectively provide our […]
Family Leave and Paid Sick Wages Reporting On July 9, 2020, the IRS released guidance requiring employers to report employee qualified paid sick and family leave wages provided under the Families First Coronavirus Response Act (FFCRA). View the new IRS guidance here. Guidance Explained The intent of the employer reporting requirement under the notice is […]
DATE: Wed, Aug 05, 2020 TIME: 2:00 pm EDT to 2:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. BASIC’s proven expertise ensures consistent compliance that satisfies the requirements of […]
DATE: Thu, Jul 23, 2020 TIME: 2:00 pm EDT to 3:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. Employment attorney Allyson Terpsma will provide a refresher course on the […]
DATE: Thu, Jul 09, 2020 TIME: 2:00 pm EDT to 2:30 pm EDT Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. During this brief presentation BASIC’s Regional Director, Chris Eckert, will demonstrate […]
PCORI Fees BASIC is offering this alert about upcoming fees that apply to self-funded HRA Plans. As you may have heard, the fees payable by health insurers and self-funded plan sponsors to fund the Patient-Centered Outcomes Research Institute (PCORI) were extended on December 20, 2019, as part of the Further Consolidated Appropriations Act of 2020. […]
2021 HSA Limits The IRS has issued Revenue Procedure 2020-32 (2021 HSA limits), which provides the 2021 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2021. Health Savings Accounts 2020 2021 Self-only coverage Self-only coverage annual minimum deductible $1,400 $1,400 Self-only coverage maximum out of […]
DATE: Tue, Jun 09, 2020 TIME: 2:00 pm ET to 3:30 pm ET Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. 1.0 HRCI & SHRM Employee engagement is one of the most […]
