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Blog Posts:
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...
Are HSA Contribution Programs Ever Subject to ERISA?
QUESTION: We are planning to add an HDHP and to make company contributions to employees’ HSAs. We have been told that an HSA contribution program—unlike the HDHP coverage—would not be subject to ERISA. Is that always true, or are there circumstances in which...
Can Our Health Plan Exclude Drug Manufacturers’ Coupons From Participants’ Cost-Sharing?
QUESTION: Our group health plan uses a copay accumulator program that does not count drug manufacturers’ financial assistance toward participants’ cost-sharing limits. We’ve heard that the agencies have restricted the use of these programs. Can we continue to...
What Group Health Plan Documents Must Be Provided to a Participant Upon Request?
QUESTION: Our company has just received a letter from a participant in our health plan, asking for copies of numerous documents relating to the plan. What are our responsibilities? ANSWER: ERISA § 104(b)(4) requires a plan administrator to furnish...
Events:
NueSynergy’s Director of Central Sales will be in St. Louis September 15-16
Following last month’s visit to Nashville, NueSynergy is back on the road for another sales...
NueSynergy’s Director of Central and Southeast Sales will be in Nashville August 18-19
After two months off, NueSynergy is back on the road for another sales trip. From August 18-19,...
NueSynergy’s Director of Central Sales will be in Colorado June 13-14
NueSynergy is nearing its third sales trip of the month....
NueSynergy’s Director of Southeast Sales will be in Birmingham on June 9
NueSynergy's second sales trip of the month is coming up. On June 9 only, John Kirchmeyer,...
NueSynergy’s Director of Southeast Sales will be in Virginia Beach June 5-7
NueSynergy is off to another exciting sales trip next month. From June 5-7, John Kirchmeyer,...
NueSynergy’s Director of Central and Southeast Sales will be in Austin May 23-25
NueSynergy is making its second sales trip of the month next week. From May 23-25, Director of...
NueSynergy’s Director of Southeast Sales will be in Savannah May 17-19
NueSynergy is making its third sales trip of the year next week. From May 17-19, John...
A member of NueSynergy’s sales team will be in Fort Worth April 26-29
NueSynergy is set to kick off its second trip of the calendar year next week. From April 26-29,...
