BAS provides best in class administration for flexible spending accounts and health reimbursement accounts. With online claims submissions, weekly reimbursements by check or direct deposit, and in house claims review, partnering with BAS makes offering an FSA/HRA for your employees simple and successful.
Expertise
- 30-years as FSA administrator
- ERISA attorney on-staff for compliance
- Experienced FSA processing team
- Full and limited-purpose FSAs
- Administer combination FSA/HRA
- Administer stand alone HRA
Implementation
- Quick and easy setup and annual renewals
- Employee and dependent data collection
- Debit-card availability
- Administrator training
- Educational materials
- Employee communications
- New plan year and mid-year takeover accounts
Reporting
- Automated quarterly balance reminders
- Weekly debit card reconciliation reports
- Participant 24/7 access to balance and claim details
- Employer 24/7 access to FSA reports
- Employer annual forfeiture report
Service
- Dedicated account manager
- Online self-service enrollment
- Online 24/7 claims submission, mail or fax
- Fund account by ACH or check
- Payroll file import option
- Customer service phone, chat, email
Processing
- Daily claims and debit card substantiation processing
- Weekly claims reimbursement by check or direct deposit
- Automated claim submitted, processed and paid notifications
- Grace periods and extended claim periods
- Carryover
Security
- SOC I, Type II IT Controls
- SOC II, Type II Internal Controls
- Encrypted disk arrays
- Secure data transmissions
For more information about BAS' flexible spending account or health reimbursement account services, contact your account manager or solutions@BASusa.com.
