BAS Blog


 

Question of the Week

Q.- We have a health flexible spending account that allows a carryover from year to year.  If a terminating employee has an under-spent FSA and can continue FSA participation under COBRA, do we consider the carryover amount in his FSA COBRA premium?

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EBSA Resources

The Employee Benefits Security Administration (EBSA) is an agency under the U.S. Department of Labor that is tasked with administering and enforcing the fiduciary, reporting and disclosure provisions of Title I of the Employee Retirement Income Security Act of 1974 (ERISA).  The goal of Title I of ERISA is to protect the interests of participants and beneficiaries in employee benefit plans. 

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Executive Order Asserts Policy to Repeal ACA

On January 20, 2017, his first day in office, President Trump signed an Executive Order “Minimizing the Economic Burden of the Patient Protection and Affordable Care Act Pending Repeal.”

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Question of the Week

Q.- I heard that we have to report the cost of health coverage on an employee’s W-2.  Is this correct?

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Preventing Sexual Harassment

Employers must take steps to prevent sexual harassment in the workplace. 

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Completing Line 16 of ACA Form 1095-C

Applicable Large Employers (those with 50 or more full-time/full-time equivalent employees in the prior year) should be in the process of completing their Form 1095 Forms.  An ALE must furnish Form 1095-C to full-time employees and employees covered under a self-funded health plan.

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Question of the Week

Q.- Our plan year is 7/1 – 6/30. Is our health care reform reporting based on plan year information or calendar year information?

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Equal Pay for Equal Work

The Equal Pay Act requires that men and women in the same workplace be paid an equal amount for equal work.  Almost all employers are subject to the EPA, and all pay is subject to protection: salary, overtime, bonuses, stock options, profit sharing, life insurance, vacation, holiday pay, allowances, reimbursement and benefits.

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Line 14 Code Explanations

Applicable Large Employers (those with 50 or more full-time/full-time equivalent employees in the prior year) should be in the process of completing their Form 1095 Forms.  An ALE must furnish Form 1095-C to full-time employees and employees covered under a self-funded health plan.

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Question of the Week

Q.- We offer benefits on a calendar year.  Our open enrollment period closed in December.  We have an employee who forgot to enroll for benefits and now wants to get coverage.  Can we let him in the plan?

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New Guidance on National Origin Discrimination

The Equal Employment Opportunity Commission (EEOC) issued guidance on national origin discrimination, replacing the EEOC’s 2002 compliance manual on the subject. Two resources accompanied the guidance, including a set of questions and answers (accessible here) and a small business fact sheet (accessible here).

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Individual Mandate

The Affordable Care Act requires all individuals to have qualifying health coverage or pay a tax penalty.  Specifically, the Affordable Care Act mandates that individuals must:

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