BASE^® Blog

Imagine this: you’re sitting in a meeting with your client, discussing their business, finances, and other needs.  John, your client, tells you that he wishes there were a way to help him, his business, and employees, save on the continuous rise in the cost of health care.  Because you are a BASE® Business Partner, you say, ”Let me show you how much you can save in valuable tax dollars each year with BASE®!”  Their ears perk up, and because you have become a trusted advisor, they are ready to listen and begin saving thousands in valuable tax dollars!

In that meeting with John, you are presented the opportunity to take advantage of being a BASE® Business Partner, offering your client more than another advisor would be able to, helping you stay competitive in the marketplace that you serve, not to mention, the opportunity to boost your business and increase your bottom line.

As you show John how much he could be saving in valuable tax dollars each year, John is thankful to you for uncovering thousands of dollars that can now be turned around and used for the portfolio of services you offer. 

You assure John that BASE® is committed to his plan and that they will always be up to date with all government regulations, the latest state insurance laws, and other regulations that could affect how John does business.  John asks, “I understand this will save me, as an employer, valuable tax dollars, but how will it help my employees?”

You explain to him that by implementing one of the tax-advantaged plans available through BASE®, he is now providing an additional value-added benefit option to help retain and attract employees.  His employees will benefit too with:

• Tax-free reimbursements
• A secure online portal that can meet all needs
• Personalized top-notch customer service when questions arise

At the end of the meeting, you shake hands (or bump elbows), knowing that you just helped another client save thousands in valuable tax dollars, while providing an attractive health benefits package to their employees.  Whether your client has one employee or hundreds, BASE® provides you with every available resource to help you become more knowledgeable about the products and services that will help benefit your clients.  You know that if there is a time where a client asks a question that you are not fully prepared to answer, that BASE® is just one phone call, or one email, away from answering any question.

BASE® will help you offer your clients the tax savings necessary to help combat the skyrocketing costs of health care, maximize health benefit plans, and build excellent rapport between you with your clients.  For more information on becoming a BASE® Business Partner, call 888.386.9680 or visit www.BASEonline.com.

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As health care expenses continue to increase, tax-advantaged health plans can be a cost-effective way to offset health care expenses.  Two of the most popular – HSA and FSA.  Both provide tax savings on health care costs and can make managing out-of-pocket health care expenses easier throughout the year.  But who would win in a boxing match?

Let’s meet tonight’s matchup! 

Fighting in this corner, a special type of bank account designed for individuals, enrolled in a High Deductible Health Plan (HDHP), to save and pay for qualified health care expenses, with the opportunity to save for the future, and the potential to be used as a powerful tool to diversify retirement portfolios.  This contender also provides excellent tax benefits helping to make the most out of every health care dollar…it’s the Health Savings Account (HSA)!

And fighting in this corner, an account for employees to elect pre-taxed funds, up to the IRS annual maximum, to pay for qualified health care costs.  Subject to certain rules with unspent funds at the end of the plan year its… the Flexible Spending Account (FSA)!

As Michael Buffer would say, “Let’s Get Ready to RUMBLE!”  Let the 12 rounds begin!