NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

by | Nov 6, 2017

Please take a moment to read the latest article about NueSynergy’s Consolidated Billing. Published by the industry-leading information resource, Employee Benefit Adviser, this article provides a brief overview about our latest solution that consolidates all carrier premiums into one easy-to-review statement and allows employers to pay all carriers with one statement.

Why Consolidated Billing?
Having to manage and reconcile premiums from multiple carriers has become common place for employers offering insurance to their employees. Auditing carrier statements for accuracy and paying multiple carriers has become a daunting task for many employers and HR departments. Thanks to NueSynergy’s Consolidated Billing, no longer will employers need to worry about monitoring and reconciling carriers bills.

Recently introduced on Employee Navigator, NueSynergy Consolidated Billing is garnering significant interest from industry leaders and employers throughout the Midwest and beyond.

Please feel free to email us at sales@nuesynergy.com for more information about this innovative solution.

About Employee Benefits Adviser
Employee Benefit Adviser is an industry-leading information resource, serving more than 146,000 brokers, advisers, agents, financial planners, investment advisers and consultants.

About Employee Navigator
Employee Navigator is the nation’s fastest growing benefits and HR platform that supports more than 18,000 companies and 3 million employees across the country

Interested in learning more? Contact us today: 855.890.7239 | sales@nuesynergy.com

NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

IRS Announces 2018 Increases to Flex Benefit Contribution Limits

by | Oct 20, 2017

LEAWOOD, KS., (October 20, 2017) – The IRS has announced the 2018 contribution maximums for Flexible Spending Account (FSA) plans in the newly released Revenue Procedure 2017-58. Contribution limits increased for the Health FSA, Commuter Benefits and Adoption Assistance program, while limits for the Dependent Care FSA remained unchanged.

Health Flexible Spending Account

The Health FSA, which provides employees the ability to set aside money on pre-tax basis to pay for eligible medical, dental, and vision expenses will have an increase to its contribution maximum from $2,600 to $2,650 for 2018. The new contribution limit will also apply to the Limited Purpose FSA which reimburses eligible dental and vision expenses.

Commuter Benefits

Commuter Benefits help employees pay for certain parking, mass transit and/or vanpooling expenses with pre-tax dollars. The contribution limits for this account will increase from $255 to $260 for 2018.

Adoption Assistance

The Adoption Assistance FSA helps employees pay eligible adoption expenses such as agency fees and court costs by contributing to the account with pre-tax money from their paycheck. The contribution limits for this account will increase from $13,570 to $13,840 for 2018.

2017 and 2018 Contribution Amounts

Benefit 2017 | 2018

Health FSA $2,600 | $2,650

Limited FSA $2,600 | $2,650

Dependent Care $5,000 | $5,000

Parking/Transportation $255 / $255 | $260 / $260

Adoption Assistance $13,570 | $13,840

Questions? Contact us at 855.890.7239 or send an email to customerservice@nuesynergy.com.

NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

Did you know you can have an HRA and HSA at the same time?

by | Oct 19, 2017

Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), have become increasingly popular over the last decade. They help individuals and families pay for medical expenses and provide for more control over those expenses.

One frequently asked question we receive is, “can I have an HRA and HSA at the same time?”

The answer is yes. Under specific circumstances, you can have an HRA and HSA at the same time.

There are four HRA plans that are compatible with an HSA:

• Limited Purpose
• Post-deductible
• Retirement
• Suspended

Employers must also ensure their HRAs are HSA eligible before employees can utilize both accounts. There are several advantages to using both an HRA and HSA, such as lower health insurance premiums, greater control over employer contributions, flexibility on plan designs as well as additional tax savings.

Is your HRA plan HSA eligible? Are you ready to make the most of your benefits?

Contact us today for a consultation at 855.890.7239 or sales@nuesynergy.com

NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

Open Enrollment is right around the corner

by | Oct 12, 2017

Are you confident your participants understand their benefit account options? Do they grasp how pre-tax accounts can help them save money and gain control over their healthcare and financial future?

Consumer research indicates they don’t.

For over 20 years, NueSynergy has partnered with agents and their employer clients to administer HSA, FSA and HRA programs that focus on bringing true value to the benefits plan. We can directly support your communications strategy and educate your participants to become more informed consumers who are ready to make important benefit decisions that fit their needs.

See how NueSynergy can help your participants during this Open Enrollment period to develop a benefit account offering that best fits their unique culture, workforce, brand and benefits program.

Contact us today for a consultation at 855.890.7239 or sales@nuesynergy.com

NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser

NueSynergy, Inc., Announces Strategic Partnership with Health Agents for America

by | Sep 18, 2017

NueSynergy, Inc., Announces Strategic Partnership with Health Agents for America

LEAWOOD, KS., (September 18, 2017) – NueSynergy and Health Agents for America (HAFA) today announced a strategic partnership to benefit HAFA’s membership by increasing their product line, service value, client retention and brand awareness at a discount.

HAFA is a 501©6, bi-partisan trade association for Independent, Non-Captive Insurance Agents. HAFA formed to answer a need for Independent Agents and to provide exclusive representation to address matters such as education, commissions, the ACA and products for their “tool chest for success”.

“HAFA is the fastest growing association representing independent agents exclusively; we are excited about our partnership and the opportunity to work with their members. Since 1996, NueSynergy has quite simply raised the bar in benefit value and overall experience by understanding that our success depends solely on the experience of our members and employer partners. This drives our tireless focus on customer service and technology. We look forward to bringing this expertise and culture to HAFA in an effort to increase the membership’s product line, service value, client retention and brand awareness,” said NueSynergy President Josh Collins.
NueSynergy’s reputation for personalized and knowledgeable service, supported by reliable and easy-to-use technology, will bring a positive, value-driven approach to HAFA and its membership.

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Based in Leawood, KS, NueSynergy has grown into one of the largest benefit account administrators, providing Health Savings Accounts (HSA); Flexible Spending Accounts (FSA); Health Reimbursement Arrangements (HRA); COBRA and Direct Premiums Billing services to employers of all sizes and sectors including states and local governments, as well as private and publicly traded companies.