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



HSA Limits Announced for 2017

May 4th, 2016

Inflation adjusted amounts for Health Savings Accounts (HSAs) Health Savings Accounts 2017 2016 Self-only coverage Self-only coverage annual minimum deductible $1,300 $1,300 Self-only coverage maximum out of pocket $6,550 $6,550 Self-only coverage maximum HSA contribution $3,400 $3,350 Family coverage Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents) $2,600 $2,600

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BASIC’s ACA Reporting Service Now Accepting New Clients

April 27th, 2016

BASIC’s ACA Elevate is a stand-alone solution that generates 1094-C/1095-C forms and electronic filing to the IRS. ACA Elevate offers two different solutions to ensure every employer remains compliant with 2016′s 6055/6056 Reporting Requirements. BASIC’s compliance service was recently recognized as one of the top 15 producers by a leading Health Insurance Carrier. With proven success

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BASIC Awarded Innovator Award

April 18th, 2016

Award-winning Evolution1 – a WEX Company – a leading provider of cloud-based, consumer-directed healthcare and defined contribution payments and technology solutions – recently announced the recipients of its 2015 Partner Excellence Awards.  Award recipients were recognized for reaching significant milestones in 2015 across several areas including growth, evangelism, leadership, innovation, and customer service as well as overall

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COBRA Still Flourishes as a Choice for Continuation Health Insurance

April 1st, 2016

Some people seem to believe that the Affordable Care Act (ACA) has replaced the Consolidated Omnibus Budget Reconciliation Act (COBRA). That’s wrong, although the ACA has changed COBRA and the health insurance landscape in recent years. Obtaining health insurance through an exchange is an alternative to COBRA, but that old workhorse legislation remains viable for

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Watch out employers! The DOL is cracking down on FMLA violations

April 1st, 2016

Watch out employers! The Department of Labor is cracking down on FMLA violations. The DOL is taking on an increased number of cases as shown by the EEOC who initiated over 42% of the wage-and-hour investigations in 2015, a record high. 79% of these investigations found a violation and had an average of $8,900 paid

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2015 FMLA Court Cases

March 1st, 2016

The American Bar Association releases its midwinter report of 2015 FMLA court cases. Click here to view the full report! FMLA Lawsuits can be a nightmare. We at BASIC have seen a growing number of stories about expensive FMLA lawsuits that end up costing employers hundreds of thousands of dollars. BASIC’s FMLA & Absence Management

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What Health Coverage Forms Must Large Employers Complete and When?

February 29th, 2016

Question: Our business has determined that we’re an applicable large employer (ALE) subject to employer shared responsibility under Internal Revenue Code Section 4980H. As an ALE with a fully insured health plan, what forms do we need to complete to report on health coverage? When do we need to file them with the IRS? Answer:

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Geico Acted in Good Faith but Still Must Pay Overtime

February 29th, 2016

In an amusing series of advertisements for insurer Geico, the characters announce that only 15 minutes can save you 15% or more on car insurance. But it takes a lot longer to investigate insurance claims. In a recent ruling, the Court of Appeals for the Fourth Circuit in Richmond, Virginia said that Geico’s security investigators

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The New PATH Act Contains Four Payroll Tax Changes

January 29th, 2016

The tax law passed by Congress and signed by President Obama on December 18 contains some payroll tax provisions that are of interest to employers. Here are four changes in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). 1. There’s now parity between employer-provided mass transit and parking benefits. The new law

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Employment Workplace Lawsuits: 2 Growing Concerns for HR

January 29th, 2016

2015 was a record year for workplace litigation. Increased audits from the Department of Labor and growing awareness of employee rights cost employers more than a billion dollars in the last year alone. The two areas primarily responsible for this monster growth in lawsuits are ERISA and FMLA, and multiple reports forecast this trend to

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