Does your health savings account (HSA) have enough funds to carry you through the second half of the year? If it does, is there more you could be doing to grow those funds? We’ve broken down how to know if you’re contributing enough to your HSA to cover costs for the entire year and whether...
In today’s world, employees seek more than just a paycheck. They desire benefits that cater to their unique needs and offer peace of mind. This is where benefits personalization technology comes into play. Let’s explore how modern technology is revolutionizing benefits personalization and how employers can leverage these advancements effectively. The Value of Personalized...
New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the health of family/friends also ranking among the top four. There are a variety of ways...
Supporting employees throughout their employment lifecycle is essential for improving engagement, loyalty and long-term satisfaction in the workplace. By optimizing employee benefits and creating a supportive environment, employers can enhance the employee experience at every stage of their journey, from onboarding to retirement. This comprehensive guide will help you understand and implement effective employee lifecycle...
May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental wellbeing. What can employees do to raise mental health awareness in the office, especially during Mental Health Awareness...
Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025. The IRS announced that 2025 HSA contribution limits...
If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time medical FSA participant should be aware of in order to take full advantage of their FSA. What is a Medical Flexible Spending Account (FSA)? A medical FSA...
A dependent care flexible spending account (FSA) lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping individuals save 30 percent or more (based on their tax rate) on dependent care costs. Dependent Care...
The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2023. We wanted to share a few tips and reminders about health savings accounts (HSA) you’ll need for your tax return. HSA Tax Prep Checklist Check your W-2 for HSA payroll contributions Get your 1099-SA form...
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 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!