IRS Releases HSA Contribution & Coverage Limits for 2019

IRS has just issued Revenue Procedure 2018-30, which provides the 2019 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g).  Some items have increased for 2019.  Read more

An Overview of Wage Garnishments

A wage garnishment is a legal process that requires an employer to withhold a portion of an employee’s wages to satisfy a debt owed by that individual. The garnishment order can be issued by a court (such as for unpaid child support, alimony, and unsecured consumer debts, including credit card and medical bills)...

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The Complete Compliance Package Every Employer Needs

The Affordable Care Act (ACA) added to the already overwhelming amount of mandatory notices and documents required for employers to remain compliant. The Employee Retirement Income Security Act (ERISA) is no exception to this trend, presenting further challenges to employers in remaining compliant with federal and state laws.

ERISA is...

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COBRA: Now is a Good Time to Look Back

COBRA generally applies to all private-sector group health plans maintained by employers that have at least 20 employees on more than 50 percent of its typical business days in the previous calendar year. COBRA also applies to plans sponsored by state and local governments.

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HSA Family Contribution decreased for 2018

Today, IRS released Revenue Procedure 2018-10  which modifies and supersedes certain sections of Revenue Procedure 2017-58 and supersedes Revenue Procedure 2017-37 to reflect by new tax  law (pub. L no. 115-97 enacted December 22, 2017.  This law changed the annual inflation adjustment factor from the "Consumer Price Index" (CPI) to a new factor known as "chained...
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DOL Updates Employer CHIP Notice

The U.S. Department of Labor (DOL) has updated its model notice for employers to provide information on eligibility for premium assistance under Medicaid or the Children's Health Insurance Program (CHIP). This notice is generally updated twice a year. Click here to download the updated notice in PDF format.Annual Notice Requirement Employers that provide health...
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BASIC HCM: All in One Solution

In a world where files can be automatically backed up to “the cloud”, wouldn’t it be nice if your payroll and HR functions could be automated too? With our HCM solution, there is no need for your HR department to have desks overflowing with paperwork and a to-do list that stretches to the...

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How Do 125 Plans and HSAs Work Together?

A cafeteria plan is a reimbursement plan governed by IRS Section 125, allowing employees to contribute a certain amount of their gross income to a designated account or accounts before taxes are calculated. Another kind of plan is the health savings account, which lets employers and employees make tax-free contributions to pay...

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Talent Strategy: Hiring Right the First Time with Behavioral Questions

You're in the market for a new superstar for your business but how can you judge them fairly in the interviewing process?

You've already narrowed down their skills based on their resume and have probably spoken with them on the phone at least once. Now it's time for the formal interview. Your...

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New Feature Release: Leave Management Employee Portal

BASIC Announces New Feature Release: Leave Management Employee PortalPortage, MI (Jan 30, 2018) – BASIC is proud to announce the release of an employee portal, a fantastic new addition to their suite of Leave Management offerings. The employee portal helps both business owners and employees by giving them convenient and intuitive access to everything they...
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Standard Mileage Rates for 2018 Are Up

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:

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Reasons for Debit Card Declines at the Merchant Point of Sale

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:

  1. The card has not...
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BASIC Appoints Robert Hayes as New President & CEO

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...
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Deadline for Furnishing Statements Extended from January 31 to March 2

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 forms with...
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IRS to Begin Enforcing Penalties for 2015 ACA Reporting Year

The time has come, the IRS has stated that they are going to begin enforcement of the Affordable Care Act’s (ACA) employer mandate penalties as soon as the end of this year. During the tax years 2015 and 2016, the Employer Shared Responsibility law was seen as ‘’practice’’ by the IRS...

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Social Security Administration Corrects Its Taxable Amount

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...

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Reducing Your Company’s Bottom Line: Dependent Eligibility Audits

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...

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BASIC ACA Alert-IRS Enforcement of ACA Penalties for 2015 Reporting Year

Beginning as soon at the end of 2017, the IRS has stated that they are going to begin enforcement of the Affordable Care Act’s (ACA) employer mandate penalties.  The ACA is still the law of the land and the IRS is obligated to enforce this law.  According to the IRS’s recently updated Questions and Answers...
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BASIC’s Human Capital Management Solution: HCM 2.0

BASIC is proud to present the newest version of our human capital management solution: HCM 2.0, an integrated all-in-one payroll and human resource system. HCM 2.0 handles all of your human capital management needs in one convenient place, eliminating the stress of forcing incompatible software to integrate. The system includes, but is not...

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Use Family-Friendly Benefits to Attract and Retain Key Employees

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,...

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New Form I-9 Is Now Mandatory

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...
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Terminations without Consideration: The Fifth of Five Common FMLA Mistakes

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...

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ACA Penalties for 2017

Employer Penalties for Noncompliance with ACA Information ReportingThe Affordable Care Act (ACA) requires Applicable Large Employers (ALEs) to report to the IRS whether they offered their full-time employees (and if self-insured, their full-time employees’ dependents) affordable and minimum value coverage in order to satisfy the Employer Mandate.ALEs are subject to penalties for failure to timely...
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Health Savings Accounts20192018
Self-only coverage
Self-only coverage annual minimum deductible$1,350$1,350
Self-only coverage maximum out of pocket$1,350
BASIC's Headquarters (Portage, MI) and Arizona offices will be closed on the following dates/times in observance of the Holidays:
Friday, November 17Thursday, November 23Friday, November 24Friday, December 8Friday, December 22Monday, December 25Monday, January 1Closing at 3:00 pm ETClosedClosedClosing at 2:30 pm ETClosedClosedClosed
Please share this information with your staff.Thank... Read more

How to Manage Flexible Schedules

Work-from-home options are becoming big-ticket items in the battle for work-life balance, but not all offices have the ability to offer this perk. However, some alternatives can help both the employer and the employees. Consider a flexible schedule option. In this scenario, your employees have more control over their work hours but are...

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IRS Updates Its Per Diem Rates

The IRS has released an annual notice that lists and explains the 2017-2018 special per diem rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. These rates run from Oct. 1, 2017, to Sept. 30, 2018.

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Failure to Track FMLA Time Properly: The Fourth of Five Common FMLA Mistakes

For many workers, FMLA leave is a necessity, so it’s extremely important that their leave is tracked properly. Two areas employers often encounter difficulty in are calculating the amount of leave an employee is entitled to, and knowing which times can and cannot be counted as FMLA leave. Failure to track properly can...

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