BAS Blog
Benefit Allocation Systems, Inc. ("BAS") is the developer of MyEnroll.com – leading, web-based employee benefits administration for enrollment, COBRA/HIPAA, Flexible Spending Accounts (FSA), Health Reimbursement Accounts (HRA) and Professional Learning Accounts. BAS delivers its solutions on a "Software-as-a-Service (Saas)" platform along with administrative support services for off-loading administrative processing, data interchanges with insurers and payroll, reporting, and call center services. Cobra Control Services, LLC is a wholly owned subsidiary of BAS and provides BAS with Cobra administration services.
The BAS Blog covers a wide array of timely group insurance benefits topics. To keep abreast of postings, sign up for our Twitter feed.
Benefit Cost Containment Strategies
Employers face an ongoing struggle of trying to offer rich, competitive benefits while keeping dollars under control. A recent study was released identifying five benefit strategies that have been proven to help with increasing benefits costs.
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Clinical Effectiveness Research Fee
Employer sponsors of self-funded health plans, along with insurers of insured plans, will soon have to pay a an annual fee based on the number of lives covered under the health plan. Proposed regulations were issued last week describing the payment and application of this Clinical Effectiveness Research Fee established by health care reform.
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Question of the Week
Q. Do you have a COBRA brochure or flyer I can give to employees when they are no longer active with our company so they can know about the COBRA rules?
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Cafeteria Plan Documents Required
Employers that provide health and other welfare plan benefits on a pre-tax basis through a cafeteria plan must have a written document describing the rules relating to the pre-tax arrangement. Implementing a written cafeteria plan can increase compliance with IRS rules.
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Question of the Week
Q.- I am preparing my tax return to file on April 16. I participate in a dependent care flexible spending account plan. My I also claim the child care tax credit?
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Question of the Week
An employee on COBRA continuation coverage has a severance arrangement whereby we pay 50% of the cost of his COBRA continuation coverage. Can the 2% administrative charge get assessed on the full COBRA premium or only on the 50% of the premium that he pays?
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Importance of Mobile Device Policies
Employers should review their HR and benefits procedures to make sure technology advances are appropriately addressed and monitored. Mobile device policies should be implemented if they are not already.
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