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A Health Savings Account (HSA) is an individually owned, tax-favored account that allows individuals to pay for qualified health care expenses. In order to set up or contribute to an HSA, you must be covered by a Qualified High-Deductible Health Plan (HDHP). Premiums...

It is no secret that escalating health care costs have drastically altered the employee benefits landscape over the years. Balancing these costs is now a constant struggle for employers across the country. Many have responded by adopting high-deductible health plans...

Did you know the NueSynergy Health Savings Account (HSA) delivers an immediate income tax deduction? Contributing funds lowers taxable income while helping build a nest egg for future health care expenses. Contributions to the HSA may be made by the employee, employer...

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...

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...

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...

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...

Are you a broker who’s been recommending self-insured, level-funded plans to your small group clients? If so, you’re not alone – more and more small employers, in an effort to keep premiums under control, are bailing on the small group market and taking advantage of...

You can access your HRA to be reimbursed for qualified deductible expenses by 1) using your mobile app, 2) completing an electronic claim, or 3) submitting a paper claim. Whatever method you prefer, a copy of your EOB (Explanation of Benefits) from your insurance...

As most employers know by now, companies with 50 or more full-time equivalent employees are required to offer affordable health coverage that provides minimum value to their full-time employees starting in 2015 or face a significant penalty. Those that don’t offer...