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Conventional wisdom suggests that employees owning an HSA and retirement account, such as a 401(k) or IRA, should first contribute to their retirement accounts, and then max out their HSA contributions through payroll deductions. While this is an attractive strategy,...

The IRS has announced the 2019 HSA maximum contribution limits detailed in the newly released Revenue Procedure 2018-30. HSA contribution and plan limits will increase to $3,500 for individual coverage and $7,000 for family coverage. Changes to these limits will take...

The IRS announced on Thursday, April 26, that it is modifying the annual limitation on 2018 HSA family contributions. Under Rev. Proc. 2018-27, taxpayers will be allowed to treat $6,900 as the annual limitation for 2018, instead of the $6,850 limitation announced by...

ICYMI: NueSynergy announces partnership with Employee Navigator As an innovative leader for over two decades in providing full-service administration of consumer-driven and traditional account-based plans, we’re always looking for new ways at NueSynergy to raise the...

Millennials and the consumer-driven health care market According to the Pew Research Center, Millennials are projected to surpass Baby Boomers in 2019 as the largest living adult generation. Although Millennials are negatively stereotyped as the generation of “instant...

Health Savings Accounts (HSAs) are skyrocketing in popularity as premium increases have become the new normal in this uncertain market. In fact, recent reports project 30 million accounts, with assets exceeding $60 billion, by the end of 2019[1]. To put those numbers...

As an innovative leader for over two decades in providing full-service administration of consumer-driven and traditional account-based plans, we’re always looking for new ways at NueSynergy to raise the bar in benefit value and overall experience for our clients and...

IRS announces changes to 2018 HSA family contribution limits The IRS has published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19. Effective for calendar year 2018, the family contribution limit for HSAs has been lowered...

The IRS has published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19. Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900. This new...

Introducing NueSynergy’s Consolidated Billing Service As you may be aware, we recently integrated with Employee Navigator, which allowed us to launch our new Consolidated Billing Service. This solution consolidates all carrier premiums into one easy-to-review...