Recent News

With an unlimited number of sources publishing HR related news it can be difficult to keep the facts straight. BASIC strives to deliver simple, easy-to-understand, and timely industry news/updates. From legal advice, regulation updates, and interesting interactive resources – we have you covered!


 Recent News



FSA Over-The-Counter Changes Coming With The New Year

November 1st, 2010

Published November 2010 With the New Year quickly approaching, BASIC wants employers and FSA participants to be aware of the new changes effective January 1, 2011. Consumers will no longer be able to be reimbursed for Over the Counter (OTC) drugs, medicines and biological products without a prescription or letter of medical necessity from their physician.

Read more

Leave Your FMLA Worries Behind With One Of BASIC’s Three FMLA Solutions

November 1st, 2010

Published November 2010 The Family and Medical Leave Act (FMLA) guarantees time off to eligible employees for certain qualifying events. Although this may sound easy, in reality FMLA is full of legal landmines, which could cause you to be blindsided with hefty penalties when handled incorrectly. By shifting your FMLA State and Federal leave management & administration responsibilities to

Read more

New HRA Technology

October 1st, 2010

Published October 2010 BASIC is pleased to announce new technology for the administration of our BASIC HRA clients starting with their next renewal. The Enhancements Include: Support more powerful HRA plan designs Comply with MSP/CMS filing requirements for HRA plans Carrier integration for eligibility and claim processing Carrier and PBM integration for automated debit card

Read more

Independent Contractors: Costly If Misclassified

October 1st, 2010

Published October 2010 During times of economic downturn, many businesses increase their use of Independent Contractors (IC) to complete work and avoid the extra cost of an official employee. By hiring an IC, the business can avoid having to match federal and state withholding for taxes, Social Security and Medicare, unemployment benefits and any additional benefits

Read more

BASIC’s Quiz Series – Test Your FSA Knowledge

October 1st, 2010

Published October 2010 Choose the most correct answer for each question. The answers are at the bottom of the page. 1)       What happens if an employee leaves the company and the flex account is in a negative balance? A)      The overspent amount is considered a loss to the employer and is the risk of the

Read more

The Rising Cost Of Healthcare: What Is Causing It And What Can Your Business Do To Cut These Costs?

October 1st, 2010

Published October 2010 Health care costs have been increasing in the United States for the past several years. However, the severe increase in healthcare lately has been forcing employers to pass the burden onto U.S. workers. The average worker with a family plan pays virtually $4,000 a year, which is a 14% increase from 2009

Read more

FMLA Continues To Be A Challenge: The Best Practices For Employers

September 1st, 2010

Published September 2010   Authored by: Joe Aitchison, SPHR BASIC Vice President and Dave McDaniel BASIC Senior Client Advisor   Employers having 50 or more employees are more at risk with regard to FMLA due to the ever expanding regulations at the State and Federal level. In addition, the Americans with Disability Act as Amended

Read more

Test Your Payroll Knowledge

September 1st, 2010

Published September 2010 Please choose the best answer.  The correct answers are listed at the bottom of this quiz.  Quiz Questions: 1 ) What form is used to obtain a Social Security number? A) Form SS-1 B) Form SS-5C) Form SS-8 D) Form W-4 E) Form W-11 2 ) Employers must report new hires within

Read more

Controlling Your Employee Turnover Costs

September 1st, 2010

Published September 2010 Excessive or avoidable employee turnover results in a waste of time, resources, and added costs. While it can depend on the industry and business cycles, the impact is often especially hard on small businesses. Understanding what goes into the turnover costs and establishing helpful strategies are important steps for you to effectively

Read more

Rules Released On External Appeal Process

August 1st, 2010

Published August 2010 Yesterday, the Obama Administration is announcing both new regulations to empower consumers to appeal decisions made by their health plans or insurance companies and the availability of resources that will be used to help give consumers more control of their health care decisions.  These provisions of the Affordable Care Act will help

Read more