No one expects their benefit debit card for FSA, HRA, and/or HSA to decline when they use it; however, there are many reasons why this can happen. Most Frequent Valid Decline Reasons for the FSA, HRA, and/or HSA Benefit Debit Card: The card has not been activated or has been suspended. The card has no […]
The IRS has issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile […]
Portage, Michigan. – January 8, 2018 – BASIC (Benefit Administrative Services International Corporation) today announced Robert Hayes will serve as the new President and Chief Executive Officer, effective January 1, 2018. Hayes most recently served as Executive Vice President and Partner at BASIC, primarily responsible for the western division (BASIC pacific). Robert brings more than 15 years […]
IRS Notice 2018-06: Deadline for Furnishing Statements Extended from January 31 to March 2 The IRS has extended the deadline for employers, insurers, and other providers of minimum essential coverage to furnish the 2017 forms 1095-B and 1095-C to individuals. The due date is now March 2, 2018. The due date for filing the 1095 […]
Rising costs make health care into a make-or-break issue for many businesses, especially smaller ones. In fact, recent figures from the Bureau of Labor Statistics suggest that 57% of workers at firms hiring 100 employees or fewer have less access to employer-sponsored healthcare. And because the Affordable Care Act (ACA) expanded dependent eligibility to 26 […]
When you decide how much to budget for pay increases and how to adjust your salary scales, do you use cost of living data? Step away from the tables. They’re not going to get you the talent your company needs to succeed. Cost of Labor How much more money gas may cost one consumer […]
In October, the Social Security Administration made its usual announcement about changes in the maximum salary level subject to the Social Security tax. The new figure was $128,700, an increase of $1,500 over the old limit. However, in late November, the SSA took the unusual step of lowering this figure from $128,700 to $128,400. This […]
Terminating FMLA eligible employees can have destructive consequences if not handled properly. Employers need to be absolutely certain about the minutiae of terminations in these situations. How closely an employer follows FMLA regulationsduring an employee’s leave is also important. In terminating an FMLA employee without consideration, an employer runs the risk of violating the Americans with […]
New revisions to employment eligibility verification went into effect on September 18, 2017. Form I-9 will help you verify your employees’ identities and employment authorizations while clarifying timelines for certain I-9 processes: Section one must be completed no later than the first day of employment; formerly the completion timing read, no later than the end […]
Family-friendly benefits are a new concept to attract and retain key employees. Companies in the past often offered “family days,” like the annual company picnic, but today’s companies go much further in their efforts to help employees with dependents manage their complex schedules. Make Kids Welcome Some offices welcome small children, especially on days when […]
