Latest BASE® Topics
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...
Read More
HRAs Offer Option to Lessen the Load on Employers
Health insurance premiums are one of the biggest pressures businesses face, according to the JPMorganChase Institute. With healthcare costs rising each year, employers are constantly seeking new insurance products that balance cost and quality—a challenging task. BASE® works with clients daily to offer a variety of Health Reimbursement Arrangement (HRA) options that help ease this burden and fit their business structure, budget, and health insurance needs.
For employers without employees, the BASE® Section 105 HRA allows small business owners to deduct up to 100% of healthcare costs, including health insurance premiums and qualified ou...
Read More
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.