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



IRS Releases Further Guidance on the COBRA Premium Assistance Subsidy

April 2nd, 2009

Published April 2009 On March 31, 2009, the Internal Revenue Service (“IRS”) released Notice 2009-27 providing extensive guidance on a number of different areas regarding the COBRA assistance premium subsidy under the American Recovery and Reinvestment Act of 2009 (“ARRA”). The Notice contains a brief background explanation with fifty-eight (58) questions and answers. In the

Read more

The ABC’s for an EEOC Complaint

April 2nd, 2009

Published April 2009 According to the U.S. Equal Employment Opportunity Commission (EEOC), during the 2008 fiscal year, the number of workplace discrimination charge filings jumped 15 percent compared to the prior year resulting in 95,402 filings. The EEOC enforces discriminatory employment laws, such as discrimination based on age, race, gender, sexual orientation, and disability. While

Read more

How the new FMLA regulations affect your company

April 1st, 2009

Published April 2009 The Department of Labor (DOL) has recently issued new regulations providing some interpretation of FMLA , which took effect on January 16, 2009. These regulations were intended to provide clarity to workers and employers regarding their rights and responsibilities under the Act. So what does this mean for employers? It provided clarity

Read more

The COBRA Subsidy is Coming

March 1st, 2009

Published March 2009 As you may know, the American Recovery and Reinvestment Act of 2009 (ARRA, a.k.a. the Economic Stimulus Package) offers a 65% COBRA subsidy for up to 9 months to employees who lose their jobs between 9/1/2008 and 12/31/2009 and meet other eligibility requirements. The purpose of the COBRA subsidy within ARRA is

Read more

IRS notice regarding COBRA premium assistance payments credit and 941 form

March 1st, 2009

Published March 2009 IR-2009-15, Feb. 26, 2009 WASHINGTON – The Internal Revenue Service today released new detailed information that will help employers claim credit for the COBRA medical premiums they pay for their former employees. The IRS unveiled new information on this Web site, IRS.gov, that includes an extensive set of questions and answers for

Read more

Important Update: Medicare Secondary Payer (MSP) Act – New 2009 Reporting Requirements for your Health Plan and HRA

March 1st, 2009

Published March 2009 Important Update: Medicare Secondary Payer (MSP) Act – New 2009 Reporting Requirements for your Health Plan and HRA On March 6, 2009 CMS granted an extension for the Section 111 reporting of HRA’s. Below is an excerpt regarding this extension taken directly from the GHP User Guide Version 2.2 dated March 6,

Read more

BASIC’s Claim Processing Cycle

March 1st, 2009

Published March 2009 Our Customer Service Representatives are often asked about our process and timeframe for processing FSA and HRA claims. Although we process claims every business day, the standard processing cycle from the time the claim is received by BASIC and the participant receives payment is typically 4 business days, 2 days of this

Read more

Congress Approves Stimulus, Impacting COBRA Administration and Payroll Tax Reporting

February 1st, 2009

Published February 2009 On February 13, the Congress passed the American Recovery and Reinvestment Act of 2009 (the “Act”, a.k.a. the Economic Stimulus Package). The Act includes tax breaks for businesses and individuals, including COBRA subsidies for involuntarily terminated workers. According to a Wall Street Journal graphic available online as a PDF, about 38 percent

Read more

Finding Bogus Beneficiaries

February 1st, 2009

Published February 2009 Excerpts taken from: Victoria E. Knight Wall Street Journal February 6, 2009 Seeking to rapidly cut costs as the economy sours, a growing number of U.S. employers are zeroing in on workers who are collecting health benefits for which they aren’t eligible. In recent years, such “dependent eligibility audits” — where employees

Read more

Top 10 Payroll Mistakes

February 1st, 2009

Published February 2009 Any business with employees must have a system in place for handling payroll activities, which includes paying employees, filing all necessary government forms, and promptly paying taxes. Here are 10 of the most common payroll mistakes to be aware of: Missing deadlines. It is imperative that you mark your payroll calendar and

Read more