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System Maintenance Saturday, Oct 20th

All online portals and the Mobile Apps will be unavailable between 3:00 p.m. – 12:00 a.m Midnight Central time Saturday, October 20th.  We apologize for any inconvenience this may cause during this update. Thank you

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Advantage Administrators Benefits Mobile App

It’s a mobile world—smartphones are everywhere, and they’re more important to our daily lives than ever before, from paying bills to buying groceries to staying in touch and so much more. 

Shouldn’t accessing your benefits be just as easy? With Advantage Administrators’ Benefits Mobile App, now it is! It all starts with free, 24/7 access to all your benefits all from one convenient, secure location that makes many of your major benefits decisions and activities, from filing a claim to determining whether an expense is qualified to reviewing your HSA’s performance easier than ever before! 

If you’re ready to take the guesswork out of determining whether an expense is qualified (and thus deductible) under IRS Code Section 213(d), the Benefits Mobile App has the tool for you! Using your phone to scan the bar code of an item, the app’s eligible expense scanner will determine if the item being reviewed is eligible as an expense for a medical flexible spending account, a health savings account, a limited flexible spending account, or a limited reimbursement arrangement. That makes it simple for participants of existing medical plans (medical FSA/LPFSA, HSA, and HRA) to spend with confidence, knowing that you’re achieving cost savings through your eligible healthcare expense. 

Want a simpler way to pay for medical expenses using your HSA? With the Benefits Mobile App, you can transfer HSA funds into your bank account, all without having to put down your smartphone. How about checking on the balance and performance of your HSA account? Finding out where your investments stand is as easy as logging into your account! 

Need to file a claim? Want to check on the status of a pending claim? The Benefits Mobile App cuts through the time and hassle of the traditional claim process, beginning with filing your claim. There’s no need to complete stacks of paperwork—now you can upload documents through a snap of your phone’s camera and file your claim through a few simple online fields. And after you’ve hit “submit”, you can’t rest easy with the instant notifications feature that provides immediate, real-time notifications about the status of your claim. The Benefits Mobile App lets you save paper, save time, and save hassle while staying on top of your claims! 

We value your privacy, and want to make using your account easy, and that’s why we offer robust security features to ensure that your information stays protected as well as convenient tools to enhance your user experience. In addition to being secured by 128-bit SSL encryption technology, your Benefits Mobile App allows you to report a card as missing or stolen, which helps prevent unauthorized access of your benefits. And as part of our commitment to your privacy, we never store pictures on your phone. Logging in and resetting your login credentials are also as simple as swiping your finger, and you can keep up with all the updates in your account by signing up for instant text alerts. 

Mobile devices have changed the way we live, and that includes how you access your benefits! All HSA and FSA plan participants are invited to download the Benefits Mobile App and experience the convenience, portability, and simplicity of mobile benefits! 

 

 

 

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New Mobile App Eligible Expense Scanner

This scanner is available through a collaboration of WEX Health and the Special Interest Group for IIAS Standards for benefit card use. These items are generally covered under your Standard Health FSA and Health Savings Accounts, but may not be covered under your Health Reimbursement Account (HRA) or a Limited Health FSA. Please check with your summary plan description or plan administrators if you have questions.

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3 Ways to Help Your Employees Manage Their Healthcare Expenses

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options the employee benefits landscape in the U.S. has also been dramatically altered. One in four Americans now report that the cost of healthcare is the biggest concern facing their family, according to a Monmouth University poll. This makes it more important than ever for employers to offer their employees the guidance and tools they need to manage their healthcare plans and costs. Here are three approaches that can be used alone or in combination:

  • Educate your employees about the financial benefits of HSAs, HRAs and FSAs.

Consumer-directed health plans (CDHPs) are the lowest overall cost option for employees in 65 percent of companies that offer them. They are typically paired with a triple-tax-advantaged health savings account (HSA), a health reimbursement account or a flexible spending account that allows employees to save for out-of-pocket expenses. The National Bureau of Economic Research reports that employees save an average of more than $500 per year by selecting a high-deductible health plan.

The HSA contribution limit for 2018 is $3,450 for singles and $6,850 for families, but employees just getting started with an HSA can be encouraged to save as little as one to three percent of their salaries into their HSA. By building a small amount of health savings, they won’t “feel” incremental healthcare costs as sharply and will be better prepared to handle both expected and unexpected medical expenses in the future. Want more information about HSAs and how to communicate their value to your employees? Read our blog post.

  • Provide your employees with benefits-based incentives related to their health and wellness.

Incentivizing employees to take an active role in improving their poor health behaviors can reduce their health risks and subsequently their healthcare costs. One WellSteps study, for example, found that post-implementation of a corporate employee wellness program there was a dramatic difference in the cost of medical care between program participants and non-participants ($3,280 versus $6,177).

Employers can also help their employees save money by offering them benefits-based incentives for participating in a workplace wellness program. Such incentives may include lower office copays, reduced deductibles or monthly premium discounts in exchange for health risk assessment completion, participation in weight-loss or smoking cessation programs or other workplace wellness activities.

  • Give your employees tools to manage and plan for their healthcare expenses.

Analytics programs such as the WEX Health Cloud Consumer Dashboard make it easy for employees to get an aggregate view of all their healthcare claims, debit card transactions, distributions and expenses. Expenses can be viewed by category, individual or provider, and employees can initiate payments for expenses including reimbursements, pay the provider and bill pay.

A corresponding mobile app also lets employees view, budget, plan, analyze and manage their healthcare-related accounts and expenses, helping them more wisely manage their healthcare spending.

Employers and HR managers who facilitate healthcare consumerism among their employees will help them save money on healthcare costs. As a result, employers stand to gain a real competitive advantage over others in their industry—a workforce that is not only easier to hire and retain but also perhaps better informed and even healthier because of the tools you’ve provided.