News and Events

COVID-19 Guidance Under Section 125 Cafeteria Plans and Related to HDHPs

On May 12, the Internal Revenue Service released Notice 2020-29 providing guidance to address:

 

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COVID-19 Temporary Guidelines Announced for COBRA

In response to the March 13, 2020, National Emergency declaration, multiple agencies issued temporary guidance impacting benefit plan time frames.

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CARES ACT - Changes to Eligible Expenses for HSA, FSA and HRA benefit accounts

The recently signed Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) gives healthcare consumers more savings opportunities for HSA, FSA and HRA benefit accounts. 

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A new way for companies to help their employees - The Employee Care Card

These are difficult times. Many companies are struggling and looking for ways to help employees until normalcy returns. NueSynergy is pleased to offer the Employee Care Card as a helpful option.

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IRS removes barriers to testing for and treament of COVID-19

The IRS has issued guidance allowing high-deductible health plans (HDHPs) to provide benefits associated with testing for and treatment of the 2019 Novel Coronavirus (COVID-19) without a deductible, or with a deductible below the applicable HDHP minimum deductible (self-only or family).

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IRS Extends 2019 HSA Contribution Window to July 15, 2020

The Internal Revenue Service published a series of questions and answers relating to the tax filing deadline extension from April 15, 2020 to July 15, 2020 as

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IRS expands preventive care benefits

IRS expands preventive care benefits for specified chronic conditions

The Internal Revenue Service (IRS) lengthened the list of preventive care that could be covered under a high deductible health plan (HDHP), specifically for individuals diagnosed with chronic conditions.

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Final HRA ruling broadens employer group health options

A new rule on Health Reimbursement Arrangements (HRA) allows employees to pay for individual health plans with a new type of HRA.

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3 reasons now is the perfect time to get an HSA

Health Savings Accounts (HSAs) originally served to assist those with high deductible health plans (HDHPs) and minimize paying out-of-pocket. However, as time goes on, more and more HSA benefits are being uncovered and utilized.

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Everything you need to know about commuter benefits

Everything you need to know about commuter benefits

Commuter benefits are often overlooked but can offer many potential advantages for employees and can bolster an employer’s benefit package to make it more appealing for job applicants.

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