Article provided by the Chattanooga Times Free Press and the International Foundation of Employee Benefit Plans Consumers want to know: Will health insurance cost more, less, or about the same on the new health insurance exchanges? Politicians, for their own reasons, have the same question about the impact of the Affordable Care Act on insurance […]
The Affordable Care Act imposes fees on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans to help fund the Patient-Centered Outcomes Research Institute. The fees, required to be reported annually on the 2nd quarter Form 720 and paid by it’s due date, July 31st, are based on the average […]
Amidst the confusion of PPACA compliance, additional information from the Department of Labor has been released. The DOL issued another set of FAQs addressing the summary of benefits and coverage (SBC) disclosure requirement under health care reform. This new set of FAQs reflects changes to SBCs distributed for coverage beginning on or after January 1, […]
From the desk of Larry Grudzien, Attorney at Law, is a very important update regarding IRS Form 720. This update was released on June 5, 2013. With health plans or policies facing a July 31 due date to pay the first patient-centered outcomes research fees, the IRS has issued a revised Form 720 and instructions. […]
“Thank you again BASIC for being the leader in HR!” Kathy Acre Executive Recruiting Specialist www.kathyacre.com
BASIC is pleased to announce that Mobile Optimized Access is now available for the Flex and/or HRA account(s). With added simplicity and security, Plan Participants may now view their account information via a Smartphone or tablet. The process is easy – simply log into: https://hrbenefitsdirect.com/BASIC (this is the same site currently used to access the […]
It’s Easy and Convenient Save time and hassle while you make the most of your BASIC FSA benefits account. Check balances, transactions, claim details and submit claims with a photo of your receipt.
Guessing what’s ahead seems to be the current reality for Human Resource departments. As HR Professionals diligently work to understand the complexities of healthcare reform while continuing their normal work functions, interesting predictions for the future of HR have gained everybody’s attention. HR departments may become smaller as advancing technology and increased employee participation in […]
Remember GINA? Enacted in 2008, the Genetic Information Nondiscrimination Act prohibits employers from discriminating against employees or applicants because of their genetic information (including family medical history) and restricts employers from requesting such information. Genetic information includes: Information regarding an individual’s genetic tests The genetic tests of family members of the individual The manifestation of […]
It’s been said that laughter is a survival skill in the often intense atmosphere of the workplace. Surely that seems obvious, but don’t underestimate the power laughter has to promote physical and mental health – key ingredients for a high performing workplace. Laughter boosts the immune system, lowers stress hormones, decreases pain, relaxes muscles, prevents […]
