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Blog Posts:
How HSAs are impacted by telehealth exemption for rest of 2022
Congress has passed, and the President has signed, omnibus spending legislation that (among other things) temporarily exempts telehealth and other remote care services from certain restrictions affecting health savings account (HSA) eligibility. By way of background,...
How to utilize the FSA Store
The FSA Store is a fantastic outlet for consumers to buy eligible products to fit their FSA account. With over 4,000 products on hand -- from thermometers, pregnancy tests, flu & virus kits, blood pressure monitors – it’s a guarantee to find at least one product...
What to know about 2022 IRS 1099-R and 5498 forms
Filing forms can sometimes be stressful. Fortunately, there’s a way to remove the guesswork. Below is the newly released information regarding the filing guidelines for the 2022 IRS 1099-R and 5498 forms. Forms 1099-R and 5498. Changes are limited to updating year...
Why you may experience trouble with NueSynergy’s benefits debit card
NueSynergy takes pride in making our client’s lives simple and easier. That’s why if any issues occur with our products and services, we’re here to help. In the case of our benefits debit card not working, here are several reasons why it may be happening and what to...
A New NueSynergy
Welcome to NueSynergy! After months of hard work from our team and partners, NueSynergy is proud to announce the launch of our updated website. NueSynergy’s fresh and innovative look features everything you want to know about our financial services. This includes...
Using your HSA for retirement
What does retirement have to do with health care? A lot. And there’s an investment vehicle out there that can help with it. Most people aren’t thinking about Health Savings Accounts (HSAs) as an investment option for retirement, but an HSA is one of the best options...
IRS Announces 2019 Increases to Flex Benefit Contribution Limits
The IRS has announced the 2019 contribution maximums for Flexible Spending Account (FSA) plans in the newly released Revenue Procedure 2018-57. Contribution limits increased for the Health FSA, Commuter Benefits and Adoption Assistance program, while limits for the...
Top 3 ways to increase HSA employee participation
According to recent research, health savings account (HSA) participants are savvier health care consumers and more engaged in health care decision-making than their peers. Relative to the general population, HSA holders are 80 percent more likely to save aggressively...
What happens to your HSA when you die?
When you set up a Health Savings Account with NueSynergy, we ask you to select a beneficiary. You should choose carefully because this will determine what happens to your HSA when you pass away. The rules are explained in IRS publication 969 (page 9). If your spouse...
Open enrollment is almost here
It’s that time of year again. Open enrollment is around the corner. For many companies, this is the best time to review the health care needs of the organization. And with unemployment rates nearing historic lows, many businesses are enhancing their benefits package...
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