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NueSynergy’s Consolidated Billing Featured in Employee Benefit Adviser
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...
IRS Announces 2018 Increases to Flex Benefit Contribution Limits
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...
Did you know you can have an HRA and HSA at the same time?
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...
Open Enrollment is right around the corner
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...
A Self-Funded Option for Unhealthy Small Employers
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...
How do I access my HRA funds?
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...
Employer Mandate Penalties Increase for 2016
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...
Adoption Assistance Flexible Spending Account
The Adoption Assistance Flexible Spending Account helps you pay for eligible adoption expenses by contributing to the account with pre-tax money from your paycheck. This means you do not pay federal or state income taxes (where applicable) on these funds. You will...
Employers Can Contribute to Employees’ Flexible Spending Accounts
For years, Flexible Spending Accounts (FSAs), also known as 125 plans or cafeteria plans, have been a popular employee benefit because they allow employees to set aside tax-free dollars for medical expenses they expect to incur during the year. Not only do employees...
What happens to your HSA after employment ends?
This post provides an overview of the impact to your Health Savings Account “HSA” upon termination of employment. It is not a comprehensive reference and should be reviewed in conjunction with your employer’s benefit materials and plan documents. In the event of any...
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