News-to-Use

Wellness Programs Under Health Care Reform

Many employers are implementing wellness programs for their employees as health care reform has made wellness programs more desirable.
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Health Savings Accounts

A health savings account is an IRA-like, tax-exempt trust or custodial account that can be used to pay for certain medical expenses of the HSA holder, the holder’s ...
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Question of the Week

  • mroshkoff@basusa.com
  • 30.01.2014
Q.- An employee is terminating employment next week. He made a full $2,500 election to our health FSA. He wants to know if he will be allowed to contribute $2,500 to his ...
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New Account Set Up Program

BAS’ Cobra Control Services, LLC provides a quick and easy way for brokers to set up a new employer account through MyEnroll.com. Simply log into MyEnroll.com with your ...
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Reporting HIPAA Electronic Transaction Standard Compliance

The Health Insurance Portability and Accountability Act (HIPAA) requires health plans to transmit data using certain uniform communication standards and operating rules. ...
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Mid Year Change Events for Cafeteria Plans

In order to provide the pre-tax contributions to pay for benefits, cafeteria plans must require that elections be irrevocable for the period of coverage. This means that ...
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Question of the Week

  • mroshkoff@basusa.com
  • 23.01.2014
Q.- We have an employee who enrolled in the FSA beginning 1/1/ 2014. She just had a baby and is now enrolling in our high deductible health plan. She wants to cancel her ...
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2014 Health Care Reform Requirements

Many health care reform requirements become effective in 2014. As we start the year, see below for a look at new obligations under the Affordable Care Act.
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Prescription Drug Filing Required

The Medicare Modernization Act requires employers with health plans that include prescription drug coverage to notify Medicare-eligible participants if the drug coverage ...
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Question of the Week

  • mroshkoff@basusa.com
  • 16.01.2014
Q.- Are we required to send a COBRA Initial Rights Notice to a dependent who gets added to an employee's coverage after the employee has already been enrolled and has ...
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IRS Guidance on Tax Treatment for Same-Sex Spousal Benefits

The IRS issued Notice 2014-1 to address issues relating to cafeteria plans, flexible spending account plans and health savings accounts for employees with same-sex ...
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Contraceptive Mandate Under Health Care Reform

The United States Supreme Court ruled last week that some religious groups cannot be penalized for failing to cover birth control under their health plans.
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Question of the Week

  • mroshkoff@basusa.com
  • 09.01.2014
Q.- An employer merged with another company and some employees will be covered under the new company’s group health plan. Is this a qualifying event for COBRA purposes? ...
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Options for Consumers with Cancelled Insurance Plans

In the roll out of health care reform, Americans were told that they would be able to keep their existing health insurance coverage. This proved difficult for consumers ...
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New Transit/Parking Plan Limits

Qualified transportation and parking plans give employees a way to save on commuting expenses. The IRS has released new limits on contributions to these plans for 2014.
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Question of the Week

  • mroshkoff@basusa.com
  • 02.01.2014
Q. An employee’s doctor has prescribed an experimental procedure for him. The procedure is not covered by insurance. May the amount the employee pays for the procedure ...
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