A technical problem with Amazon Web Services (AWS) has made the internet and software that AWS powers unreliable in parts of the U.S. This outage is affecting BASIC’s ability to service our CDA clients and participants. On AWS’s website, the company said it was experiencing errors that were causing issues for a range of cloud-software programs in […]
Education reimbursement is often considered a luxury when it comes to mainstream employee benefits, however, adding this to your benefits package may be crucial in the near future. It’s no secret that student debt is becoming increasingly burdensome on college graduates. According to CNBC, the total American student loan debt increased from $772 billion in […]
The Internal Revenue Service (IRS) recently announced the cost-of-living changes to contribution and benefit limits for a variety of employer sponsored plans in 2021. Most dollar amount limits for 2020 remain the same for 2021, with a handful of amounts seeing slight increases. The table below shows the contribution and benefit limits for certain plans […]
As an industry leader in employee benefit accounts administration, BASIC knows the problems employers face when offering certain benefits. That’s why BASIC is proud to introduce our new Consumer Driven Accounts (CDA) system, a modern way to manage employee benefit accounts. While traditional benefit systems cannot support multiple and integrated benefits, BASIC CDA offers over […]
DATE: Thu, Dec 3, 2020 TIME: 2:00 pm EST to 2:30 pm EST 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 […]
The recent IRS Notice 2020-76 provides important updates for Applicable Large Employers (ALEs) regarding their responsibilities under the Affordable Care Act (ACA). ALEs, or employers who had at least 50 full time equivalent employees in the previous calendar year, are required to furnish Form 1095-C to its current and past employees each year. Notice 2020-76 […]
DATE: Thu, Nov 19, 2020 TIME: 2:00 pm EST to 3:30 pm EST 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. Catherine Rische, BASIC’s compliance officer and in-house counsel, reviews the springtime […]
DATE: Wed, Nov 04, 2020 TIME: 2:00 pm EST to 3:30 pm EST 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. Affordable Care Act (ACA) expert Joe Aitchison will cover ACA filing […]
