Blog

Reviewing the Draft 2016 Instructions for Forms 1094 and 1095

The IRS has now released the draft 2016 instructions for both the "B" and "C" versions of Forms 1094 and 1095. The agency uses the forms to enforce provisions of the Affordable Care Act (ACA). It's important for employers to stay apprised of changes to these critical documents.The B FormsThese are filed by minimum essential...
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BASIC’s ACA Reporting & Filing Service Promo

BASIC's ACA Elevate is a stand-alone solution that generates 1094-C/1095-C forms and electronic filing to the IRS. ACA Elevate offers two different solutions to ensure every employer remains compliant with 2016's 6055/6056 Reporting Requirements. BASIC's compliance service was recently recognized as one of the top 15 producers by a leading Health Insurance Carrier. With proven success and...
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Are You Ready for the New Overtime Rules?

Are You Ready for the New Overtime Rules?
 
The deadline for the Department of Labor's (DOL's) new final overtime rule is scheduled to be December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize firms haven't been as quick... Read more

A Review of The Child Bereavement Leave Act – Illinois

Anyone who has ever had to take time for bereavement will tell you that the traditional allotted amount of time for this is not enough.  There are tons of other factors that need to be taken into account with the loss of any loved one.  The State of Illinois has taken one step in the...
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Employer Proved COBRA Notice WAS Mailed to Employee

In a recent case, a federal district court ruled that an employer didn't violate the Comprehensive Omnibus Budget Reconciliation Act (COBRA) — even though an employee who resigned from the company claimed that she never received notices that she was entitled to continue her health insurance benefits.Under the law:
  • A plan administrator is required to give each...
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DOL Announces Increased Civil Penalties for Violations of Federal Laws

The Department of Labor (DOL) has issued interim final rules that will increase civil penalties assessed to employers for willful violations of the minimum wage, overtime, and child labor provisions in the Fair Labor Standards Act (FLSA), and civil penalties in the Family Medical Leave Act (FMLA). There will also be increased penalties under other laws.Background...
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Where FMLA and Overtime Intersect: Lucas Hernandez vs. Bridgestone

As a valued client, we like to keep you in the loop with pertinent FMLA cases that come across our desks.  Many times you hear about these cases, they seem far-fetched and it’s easy to think the employer should have known better.  This one, not so much.  For most of you, overtime is an everyday...
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Why YOU Should be Concerned with Absenteeism

Absenteeism is one of the most common problems employers battle with in the workplace and without a doubt you face it too. Employee absenteeism can result from reasons like personal illness, personal needs, family issues, and stress or habitual absenteeism can result from reasons like poor morale or entitlement mentality. Regardless of the reason for the...
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BASIC Expands Their Technology Division with Latest Acquisition

Portage, MI. (July 13, 2016) - BASIC (Benefit Administrative Services International Corporation), the country's leading provider for third-party employee benefits administration, is pleased to announce the acquisition of Gatekeepers Business Solutions, Inc.Established in 1989 and headquartered in Portage, Michigan, BASIC has grown into one of the largest third party administrators in the nation with offices located...
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New Overtime Rules Issued: What it Means for You

A change in the rules governing overtime has been coming for two years, with a sneak preview of proposed modifications last year. But on May 18, the Department of Labor (DOL) came out with its new final rules, which take effect on December 1, 2016. The rules will...
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Meet Your Employee Review Goals with 360 Degree Feedback

The 360-degree feedback mechanism (also called "multi-rater") has been in use for decades, thus long enough that it's been subjected to a battery of academic studies highlighting its benefits and pitfalls. The research has identified both.First, consider the limitations of the traditional supervisor-only evaluation, particularly for employees who work in teams or who have subordinates of...
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Why NAHU is Fighting to Save the Employer Exclusion

Under construction in the US Congress, spearheaded by Speaker of the House Paul Ryan (R-WI), is a proposal that stands to limit or even eliminate employer tax exclusion on employer-sponsored health insurance. The employer exclusion allows an employer's contributions to an employee's health insurance to be excluded from that employee's compensation for income and payroll...
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The Current State of Minimum Wage Laws, Plus the Overtime Debate

The $7.25 per hour federal minimum wage has been in place since 1991. To have the same purchasing power today, the inflation-adjusted wage would have to be $12.68, according to the CPI Inflation Calculator from the U.S. Bureau of Labor Statistics. President Obama has been supporting an increase in the federal minimum wage to $12...
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HSA Limits Announced for 2017

Inflation adjusted amounts for Health Savings Accounts (HSAs)

Health Savings Accounts

2017

2016

Self-only coverage

Self-only coverage annual minimum deductible

$1,300

$1,300

Self-only coverage maximum... Read more

BASIC’s ACA Reporting Service Now Accepting New Clients

BASIC's ACA Elevate is a stand-alone solution that generates 1094-C/1095-C forms and electronic filing to the IRS. ACA Elevate offers two different solutions to ensure every employer remains compliant with 2016's 6055/6056 Reporting Requirements. BASIC's compliance service was recently recognized as one of the top 15 producers by a leading Health Insurance Carrier. With... Read more

BASIC Awarded Innovator Award

Award-winning Evolution1 – a WEX Company – a leading provider of cloud-based, consumer-directed healthcare and defined contribution payments and technology solutions – recently announced the recipients of its 2015 Partner Excellence Awards. Award recipients were recognized for reaching significant milestones in 2015 across several areas including growth, evangelism, leadership,...
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COBRA Still Flourishes as a Choice for Continuation Health Insurance

Some people seem to believe that the Affordable Care Act (ACA) has replaced the Consolidated Omnibus Budget Reconciliation Act (COBRA). That's wrong, although the ACA has changed COBRA and the health insurance landscape in recent years.Obtaining health insurance through an exchange is an alternative to COBRA, but that old workhorse legislation remains viable for employees...
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Watch out employers! The DOL is cracking down on FMLA violations

Watch out employers! The Department of Labor is cracking down on FMLA violations. The DOL is taking on an increased number of cases as shown by the EEOC who initiated over 42% of the wage-and-hour investigations in 2015, a record high. 79% of these investigations found a violation and had an average of $8,900 paid...
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2015 FMLA Court Cases

The American Bar Association releases its midwinter report of 2015 FMLA court cases. Click here to view the full report!FMLA Lawsuits can be a nightmare. We at BASIC have seen a growing number of stories about expensive FMLA lawsuits that end up costing employers hundreds of thousands of dollars.BASIC’s FMLA & Absence Management service...
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What Health Coverage Forms Must Large Employers Complete and When?

Question: Our business has determined that we're an applicable large employer (ALE) subject to employer shared responsibility under Internal Revenue Code Section 4980H. As an ALE with a fully insured health plan, what forms do we need to complete to report on health coverage? When do we need to file them with the IRS?Answer: You...
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Geico Acted in Good Faith but Still Must Pay Overtime

In an amusing series of advertisements for insurer Geico, the characters announce that only 15 minutes can save you 15% or more on car insurance. But it takes a lot longer to investigate insurance claims. In a recent ruling, the Court of Appeals for the Fourth Circuit in Richmond, Virginia said that Geico's security investigators should...
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The New PATH Act Contains Four Payroll Tax Changes

The tax law passed by Congress and signed by President Obama on December 18 contains some payroll tax provisions that are of interest to employers. Here are four changes in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). 1. There's now...
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Employment Workplace Lawsuits: 2 Growing Concerns for HR

2015 was a record year for workplace litigation. Increased audits from the Department of Labor and growing awareness of employee rights cost employers more than a billion dollars in the last year alone. The two areas primarily responsible for this monster growth in lawsuits are ERISA and FMLA, and multiple reports...
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BASIC announces the launch of My HR Storage

BASIC announces the launch of My HR Storage, a full HRIS cloud based system designed for small and mid-sized businesses.For 27 years BASIC has provided exceptional services for agents, brokers and their clients. My HR Storage is a broker centric approach to combat poaching from payroll companies and West Coast startups. This software has been...
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The Benefits of Outsourcing Health Care Administration

When it comes to health care administration, employers require expert administrative analysis to navigate the ever-changing health care environment. There are numerous health plan types and associated abbreviations that create complex burdens on employers, especially as new compliance regulations and health plan changes are introduced every year. The benefits of outsourcing...
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Perceived Retaliation Can Put Your Company in Hot Water

If an employee lodges what you consider an unwarranted complaint about a supervisor at your company — possibly about you yourself — it's natural to feel some resentment. But matters can quickly go from bad to worse if, after filing the grievance, that employee believes he or she is being retaliated against.Employees who seem...
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Paid Sick Leave Policies Becoming Mandatory for Some

With cold and flu season kicking in, it's likely that many of your employees will be hit with one of these illnesses — though they might not call in sick. While many employers offer some form of paid sick leave, an estimated 43 million American workers lack any time off with pay during illness, according...
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2015 Year-End Tax Planning Tips for Small Businesses

Virtually all small business owners are frustrated with our current tax system. In fact, five out of today's Top 10 small business concerns relate to state and federal tax issues, according to the Small Business Problems and Priorities survey released by the National Federation of Independent Business (NFIB), a small business advocacy group. Small businesses...
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