BASE^® Blog

We all know that the holidays can be a stressful time of the year. This can be due to the financial strain of gifts, travel, holiday parties and food!  While we all love to decorate for the holidays with trees, lights and wreaths…this can all add up and cause a lot of end-of-year worry!

While the BASE® Flexible Spending Account can’t be used for holiday spending, it can allow someone to be healthier and happier.  The FSA can truly be seen as a gift during the holiday season.

Below are just a few suggestions to make for a merry December when using an FSA for out-of-pocket medical expenses.

Flu Shot - The holidays often find us surrounded by family and friends, which means an increased chance of becoming sick! Individuals should enjoy the holidays and reduce chances of becoming ill by getting a flu shot!

Annual Doctor Check-Up – Winter is the perfect time of year to get an annual checkup! Visiting a doctor and setting goals for 2019 help to prepare for the upcoming year and start it off on the right track.

Glasses – There are so many things to see during the holiday season such as Christmas trees, lights and much more. New glasses would only help enhance the experience and joy of the season!

Crutches – Winter brings slippery sidewalks or tripping over toys, which might lead to a need for an unwanted gift of crutches!

Dental Treatment – Too many sweets can lead to an emergency trip to the dentist!

The FSA covers many other medical expenses to help prevent and prepare for the months to come!  With an FSA, employees save tax dollars throughout the year by setting aside money from their paycheck on a pre-tax basis. They can then use this money on qualifying out-of-pocket expenses, like the ones listed above.

Leah L., a BASE® 125 FSA Client, shares the biggest benefits the FSA provides her and her employees. “Not only do our employees save when funds are transferred from their wages on a pre-tax basis, but our company also sees valuable tax savings. Not everyone is great at saving for a rainy day, but this has helped many of our employees be able to save for medical expenses, both expected and unexpected.”

The BASE® FSA is definitely a gift that will keep on giving all year round. Contact BASE® to learn more about the savings employers and employees receive with a BASE® 125 FSA in place.

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As Thanksgiving approaches, BASE® would like to take a moment and thank all of our wonderful Business Partners and clients that we have worked with this year.  In doing so, we would like to highlight some of the amazing words shared with us by our Business Partners and clients.  While Thanksgiving is traditionally known as a time to be thankful for family, friends, and health, these individuals prove we also find ourselves thankful for our financial situations as well.

“The Section 105 BASE® HRA is the most affordable health reimbursement plan that we have found. The staff has been very friendly and helpful from the very beginning. From the guidance offered the very minute we enrolled in the plan to the necessary documentation, we have felt everything has been very easy to understand. My husband and I feel that the staff is very knowledgeable with answers to any questions, and always keeps us informed of compliance issues that might arise in the age of healthcare reform. The best part would be the thousands in additional tax savings each year that wouldn’t be possible without the BASE® HRA in place.

If you are a self-employed farmer or business owner or own a small company looking for ways to save on the cost of out-of-pocket medical expenses and health insurance premiums, BASE® has many HRA options available for you to inquire about.  They have the knowledge to help you get started with the proper option for you.  As a self-employed farming team, we highly recommend the Section 105 BASE®HRA to create a means to save on your taxes each year.“

Colleen E. - BASE® HRA Client since 2004

“We decided to partner with BASE® in order to help our clients navigate the technical details associated with Health Reimbursement Arrangements. Under the direction and support from BASE®, we were able to save our clients thousands of dollars in taxes. BASE® always provides thorough, understandable explanations and their staff is quite helpful.”

Rod R. - Business Partner since 2016

“I have a twelve year relationship with BASE® and they have always done a great job of taking care of my customers.  I have worked with the BASE® HRA and, most recently, the BASE® ERISA Wrap.  The BASE® ERISA Wrap is one product that provides an immediate compliance solution for my clients, and is basically something they have to have.  If I am selling an insurance plan, I let them know the ERISA Wrap is required and immediately connect them with BASE®.  They make it simple for the customers, they provide a quick turnaround time, and I have come to find they are the most inexpensive option in the market.  I believe the BASE® ERISA Wrap has actually helped cement sales when having a conversation with customers, so I would encourage fellow agents to utilize BASE® as part of their sales strategy.  Simply put, BASE® is a quality company, with quality service and quality products.“

Rob M. - BASE Business Partner since 2006

We couldn’t do what we do best without our staff, Business Partners, and clients.  It is our recipe for success, and we are thankful every day.  Contact us to learn more about how you could be thankful for pre-tax savings and compliance, and most importantly, take time to give thanks for everything in your life. 

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