BASIC NEO

BASIC provides comprehensive administration services for Flexible Spending Accounts (FSA), including plan setup, participant enrollment, claims processing, and customer support. Our team ensures compliance with IRS regulations and offers tools to help employees maximize their FSA benefits, making it easier for them to manage their healthcare expenses.

BASIC specializes in COBRA administration by managing the entire process from notification to premium collection. We ensure compliance with federal regulations, provide timely notifications to qualified beneficiaries, and handle all the necessary paperwork. Our goal is to simplify the COBRA process for employers and ensure that employees have access to their continuation of coverage options.

A Health Reimbursement Account (HRA) is an employer-funded account that reimburses employees for qualified medical expenses. BASIC supports HRAs by providing administrative services such as plan design, claims processing, and compliance management. We work with employers to customize HRAs that meet their specific needs while ensuring that all IRS regulations are followed.

Yes, BASIC offers Section 125 Plan Document Services to help employers establish and maintain compliant cafeteria plans. Our services include drafting plan documents, ensuring compliance with IRS regulations, and providing ongoing support to ensure that all aspects of the plan are properly managed. This helps employers provide flexible benefits to their employees while minimizing tax liabilities.

BASIC serves a wide range of industries, including healthcare, education, manufacturing, retail, and more. Our expertise in benefits administration and compliance allows us to tailor our services to meet the unique needs of various sectors, ensuring that organizations can effectively manage their employee benefit plans while remaining compliant with applicable regulations.

BASIC provides administrative services for Parking Reimbursement Accounts, helping employers set up and manage these accounts efficiently. Our services include participant enrollment, claims processing, and compliance oversight. We ensure that employers and employees can take full advantage of tax savings associated with parking expenses, making it easier to manage transportation costs.