The following is an update on recent tax changes, legislation, and preparations for the California Consumer Privacy Act. Legislation H.R. 1865, the “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. Here are the tax changes and other items that relate to employee benefits: The Cadillac Tax was repealed The Health […]
BASIC and Ease have expanded our benefit integration partnership to now include BASIC CDH plans as part of our connection. In addition to COBRA, our connection now includes the following plans: Medical FSA Dependent Care FSA Limited Purpose FSA Parking Transit Health Reimbursement Arrangement (HRA) Health Savings Account (HSA)* Brokers and employers across the country […]
What Is Dependent Care FSA? A Flexible Spending Account is a common addition to many benefits packages, but what is Dependent Care FSA? A Dependent Care Flexible Spending Account (DCFSA) is a pre-tax benefit that allows reimbursement for qualified dependent care expenses. Qualified expenses include care for a dependent child under the age of 13 […]
HR metrics are essential to evaluating the efficiency of your human resource policies, programs, procedures and initiatives. One executive, quoted in a Society for Human Resource Management article, said, “They’re measuring how the HR function is doing as a whole and also how we’re leveraging the people in the organization to maximize the performance of […]
The U.S. departments of Health and Human Services, Labor and Treasury have issued a final rule that enables employers of all sizes to fund an additional HRA called the individual coverage HRA (ICHRA). How do ICHRAs work? On a fundamental level, an ICHRA works like any other HRA in that it is funded entirely by […]
You can view the recording for this webinar here. You can view our entire webinar library here. DATE: Tue, Jan 14, 2020 TIME: 2:00 pm EST to 2:30 pm EST On June 13, the U.S. Treasury Department, the Department of Labor, and the Department of Health and Human Services issued final regulations allowing employers of […]
You can view the recording for this webinar here. You can view our entire webinar library here. DATE: Wednesday, February 5th, 2020 TIME: 2:00 pm EST to 3:30 pm EST The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires certain employers to provide former employees and dependents who lose group health benefits with an […]
When: Wednesday, January 8, 2020 Time: 2:00 pm – 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 requirements […]
Affordable Care Act: ACA Due Date for Funishing Forms Extended On Monday, December 2nd, the IRS announced that is extending the ACA due date for furnishing ACA Forms 1095-B and 1095-C to individuals. Employers must send Form 1095-B and Form 1095-C to applicable individuals by March 2, 2020. This ACA due date was previously on […]
Reduce your compliance risk with BASIC ACA Elevate: 2019 Filing Data DATE: Thu, Dec 05, 2019 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. […]
