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



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,

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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

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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

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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

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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

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The Separation between Severance Packages and Agreements

February 1st, 2009

Published February 2009 Often discussed hand-in-hand, severance packages and agreements have important differences. A severance package refers to an employer’s offer of added money and/or benefits to a terminated employee. A severance (or separation) agreement refers to a written agreement in which the departing employee agrees to certain promises made to the employer. The following

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Federal and State Alerts

February 1st, 2009

Published February 2009 Alerts Below, you will find alerts for laws that have recently changed or are about to change. This list is not comprehensive. It is designed to bring to your attention a sample of legal updates that our team of HR Pros considers particularly important. We recommend that you always consult the Federal

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

January 11th, 2009

Published January 2009 Recent amendments to the Medicare Secondary Payer Act (MSP) were introduced to reduce Medicare fraud and to ensure that all group health plan coverage is primary to Medicare for employers with more than 20 employees. In order to ensure compliance, new reporting requirements have been established that are anticipated to begin sometime

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Adjusting for the New ADA Amendments effective 1/1/09

January 11th, 2009

Published January 2009 Last September, President Bush signed into law the Americans with Disabilities (ADA) Amendments Act of 2008 which expands the scope of disabilities covered under ADA. The Act becomes effective January 1, 2009. Applying to employers with 15 or more employees, ADA prohibits discrimination in employment practices including job application procedures, hiring, firing,

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Over $1.5 million in 2007 FMLA Violations – Don’t forget the updated regulations take affect 1/16/09

January 11th, 2009

Published January 2009 Family And Medical Leave Act Enforcement Complaints Declined The number of Family and Medical Leave Act (FMLA) complaint cases concluded in fiscal year 2007 declined from cases concluded in fiscal year 2006. The number of violation cases declined by 44.4 percent from the number in fiscal year 2003, and over 10 percent

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