What designates an IRS “Change in Status”?

  • Change in legal marital status (marriage, death of spouse, divorce, legal separation, annulment)
  • Change in number of tax dependents (birth, death of dependent, adoption or placement for adoption)
  • Change in dependent’s eligibility
  • Change in employment status of employee, spouse or dependents
  • Other changes that may permit an election change under the Dependent Care FSA are:
    • Change of dependent care provider
    • Change of rate charged by unrelated dependent care provider
    • Child attaining age 13
  • Election changes must be consistent with the event. If you experience a Change in Status, please review your Summary Plan Description, as it will provide you with important information on the deadline for reporting this event.

What is “pre-tax”?

When you participate in a payroll deduction program through your employer, deductions can be taken from your payroll before calculating your taxable federal income, FICA (Social Security and Medicare) tax and for most states, taxable state income. By taking deductions pre-tax, you reduce the dollars on which you are taxed and, as a result, reduce your total tax bill.

Increase your book of business by partnering with NueSynergy

Increase your book of business by partnering with NueSynergy

It may be difficult to believe, but open enrollment season is here again. And sure as the sun rises, many clients are demanding enhanced benefits at a zero-cost increase for the new year.

When it comes to administering services such as COBRA, FSAs, HRAs and HSAs, all third party administrators are the same, right? Wrong! Over the last two decades, NueSynergy has separated itself from the competition by offering personalized, knowledgeable service and innovative technology-based solutions that have helped raise the bar in benefit value and overall experience. We call it the NueSynergy Difference.

If you have any clients that are looking to enhance their benefits at a zero-cost increase, let’s schedule a 10-minute call to discuss how we can work together to accomplish this task.

Contact us at 855.890.7239 or sales@nuesynergy.com to schedule your consultation today.

We’ve been innovative leaders in providing full-service administration of consumer-driven and traditional account-based plans since 1996.

Our solutions and interactive customer support team are all centered around one goal: helping you help your clients.

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NueSynergy's Director of Central and Southeast Sales will be in Austin May 23-25

NueSynergy’s Director of Central and Southeast Sales will be in Austin May 23-25

NueSynergy is making its second sales trip of the month next week. From May 23-25, Director of Central Region Sales ...
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