BASIC Expands East Coast Presence with Acquisition of COBRA Administration & Health Services, Inc.
PORTAGE, Mich., Oct. 2, 2017 /PRNewswire/ – BASIC (Benefit Administrative Services International Corporation), the country’s leading provider for third-party employee benefits administration, is pleased to announce the acquisition of COBRA Administration & Health Services, 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 in Michigan, Ohio, Arizona, Florida, California, Missouri and now Rhode Island. BASIC, is a technology driven HR Compliance Company focused on delivering administrative and technology solutions to assist Human Resource Departments nationwide. Their expertise allows employers to control costs, manage risks and improve staff focus and effectiveness. BASIC’s suite of solutions offered independently or as a platform of services, paired with their experienced staff, ensures consistency and flexibility.
The COBRA Administration & Health Services, Inc. clientele will join the over 28 years of experience and 15,000 employers who already trust BASIC with a wide range of HR responsibilities including Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), Health Savings Account (HSA), and COBRA services. As well, unsurpassed Payroll, Timekeeping and FMLA proprietary software and administration. Most recently, BASIC has grown their full-suite of solutions to include ERISA and ACA Reporting compliance services. Earlier this year, BASIC was recognized as one of the top 25 HR Technology Service Providers in the United States! The acquisition will allow COBRA Administration & Health Services, Inc., clientele to receive access to BASIC’s HR, Compliance and Payroll services.
BASIC President Fritz Teutsch stated, “The business from COBRA Administration & Health Services, Inc. is a great addition to BASIC. Their focus on customer service and quality is an excellent fit with our mission to deliver an unmatched full-circle approach to employer benefits, supporting services and technology.”