Latest BASE® Topics
Top 3 Benefits for Employers Implementing a Health Savings Account (HSA)
In today's competitive job market, offering attractive benefits is crucial for employers aiming to attract and retain top talent. One such benefit that has gained popularity is the Health Savings Account (HSA). Here are the top three benefits for employers implementing an HSA:
1. Lower Insurance Premiums
HSAs are paired with High-Deductible Health Plans (HDHPs), which typically have lower monthly premiums compared to traditional health plans. By offering an HSA, employers can save on health insurance costs while still providing valuable healthcare coverage to employees. This cost-saving measure can significantly ...
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Going Beyond One-Size-Fits-All With ICHRA Classifications
The Individual Coverage HRA (ICHRA) is revolutionizing the way employers manage healthcare benefits. Unlike traditional one-size-fits-all group health insurance plans, ICHRAs promote cost equity and help lower overall healthcare expenses.
What Makes ICHRA Unique?
The ICHRA allows employers to classify employees into different groups, offering tailored reimbursement amounts to each class. This flexibility is a game-changer for businesses looking to provide equitable benefits. The IRS, DOL, and HHS have established eleven allowable classes:
- Full-time emplo...
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We're not the only ones ecstatic excited about BASE®...
What Our Clients Say....
People who pay for their own healthcare see this as a great way to offset their costs. And, as a Business Partner, it feels good to help put that money back in their pocket.
The BASE® representatives I have spoken to have been very helpful in answering all my questions and have been very knowledgeable as well.
The staff at BASE® have been more than helpful to ensure that I have the latest information and completely understand my plan. Section 105 plans can be very complex and involved, and I would never participate in a section 105 plan without the help of BASE®.
BASE® has a great plan; the web software is easy to use, and most importantly, as an employer, you can be sure that the plan is in compliance with the IRS and Department of Labor – all of which is a great comfort.
Benefits you can Trust. Service you can Count On.™ BASE® Offers Tax Advantaged Plans & Compliance Services.