When one pilot is practicing instrument flying with a view limiting device (a "hood"), a licensed pilot needs to be along to watch for traffic (the safety pilot). There are several scenarios where none, either, or both are instrument rated, and the flight could be held in IMC or VMC. In this case neither pilot is instrument rated and are just following VORs in visual flight rules.
BasicMed applies to certain aircraft, so lets assume we are talking about your ordinary general aviation IFR capable aircraft with 4 seats and 150 knot cruise speed, while flying VFR.
The FAA states this in their FAQs:
Q25: Can I use BasicMed to act as a safety pilot, rather than holding a medical?
A: Only if you’re acting as PIC while performing the duties of safety pilot. The statutory language prescribing BasicMed said it only applies to people acting as PIC. BasicMed cannot be exercised by safety pilots who are not acting as PIC but are required crewmembers.
I find this confusing, aren't safety pilots acting as PIC because they are required crewmembers?
This question suggests that a BasicMed pilot can only be a safety pilot in VMC:Logging PIC time during IFR flight in VMC.
So my question is this (because it pertains to my present situation): Can I be a safety pilot for a non-instrument rated pilot when I have my BasicMed physical, as long as the flight is in VMC? Can I log PIC time while the pilot under the hood is flying? I should, because I am the PIC as safety pilot.
It would be nice if the FAA gave more clarification, and examples for all the practical scenarios pilots would experience. The safety pilot issue itself confuses a lot of people, now we have BasicMed regulations to add to the confusion.