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Maximize Your Summer Savings: 5 FSA-Eligible Essentials for a Sun-Safe Season
Summer is right around the corner (June 21)! Whether you have plans to travel or are staying closer to home, your Flexible Spending Account can help you stock up on summer essentials without breaking the bank. Depending on your activity, your FSA can provide a variety...
Understanding Cafeteria Plan Election Changes: Domestic Partner Relationship Commencement and Coverage Adjustments
Understanding cafeteria plan election changes can be complex, especially when dealing with domestic partner relationships. Here's what you need to know about whether such relationships qualify for election changes under cafeteria plan rules. Domestic Partner...
IRS Announces 2025 HSA Contribution Limits
The IRS recently announced the 2025 limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs). HSA contribution and plan limits will increase to $4,300 for individual coverage and $8,550 for family coverage. Changes to these limits will take...
Can an Employee Drop a DCAP Election Midyear If Free Childcare Becomes Available?
Question: One of our employees would like to drop his DCAP election under our calendar-year cafeteria plan because a neighbor has offered to take care of his child at no cost. Can we allow this midyear election change? Answer: Absolutely! However, there are...
Understanding IRS Rules: The Importance of Substantiating Health FSA and DCAP Claims
Introduction In the realm of cafeteria plans, health Flexible Spending Accounts (FSAs) and Dependent Care Assistance Programs (DCAPs) play a crucial role. However, the process of claim substantiation often raises questions among administrators. This blog post aims to...
Maximizing Employer HSA Contributions: A Comprehensive Guide for Timing Strategies
In today's ever-evolving landscape of healthcare benefits, Health Savings Accounts (HSAs) have become a cornerstone for both employers and employees. With the rising deductibles of High Deductible Health Plans (HDHPs), employers are increasingly considering making...
IRS Reminder: Not All Health Expenses Qualify for Deductions
In a recent news release, the Internal Revenue Service (IRS) has reiterated important guidelines regarding the eligibility of health and wellness expenses for deductions and reimbursements under health Flexible Spending Arrangements (FSAs), Health Reimbursement...
Understanding DCAP Reimbursement Rules: Can You Pay Your Child for After-School Care?
Can Our DCAP Reimburse Expenses for the Care of a Child Who Will Turn 13 Later in the Plan Year? A participant in our company’s Dependent Care Assistance Program (DCAP) faces a common scenario: hiring an adult son to provide after-school care for their 10-year-old...
Broker Builder Solutions Names NueSynergy a Preferred PartnerBroker
LEAWOOD, Kansas – NueSynergy, Inc., one of the nation’s fastest growing employee benefits and billing administrators in the country, is pleased to announce its preferred partnership with Broker Builder Solutions (BBS), a national leader in support services for the...
When Are Disability Benefit Programs Exempt From ERISA?
QUESTION: I am reviewing our company’s employee benefit programs and confirming that they are treated appropriately for ERISA compliance purposes. Our disability program provides income-replacement benefits to employees who are unable to work because of illness...
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