Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs, so let’s tackle what really happens to your HSA when you change employers. You Have Options HSA...
As we enter another season of open enrollment, one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer HSA...
When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In this blog we explore all the unknown voluntary benefits terms and bring clarity of information to first-time...
The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation. 2025 Medical FSA Contribution Limits (including limited and combination FSAs) 2024: $3,200 per year 2025: $3,300 per year 2025 Medical FSA...
If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?...
Whether you’re transitioning from your parents’ insurance, landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For starters, let’s look at a few considerations when evaluating health...
According to the Bureau of Labor Statistics, employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. With rising healthcare costs, your business is most likely struggling to solve this key problem: how to maintain financial stability while providing robust benefits to your employees. But what solutions can actually provide benefits...
The concept of work-life balance has become more than just a buzzword; it’s a necessity for employee satisfaction and retention. According to WorkLife.news, employers are increasingly recognizing the importance of providing ample time off to their employees with more than 80% of U.S. employers planning to change their leave policies over the next two years....
Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? What exactly are voluntary benefits and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees. ...
The open enrollment period for 2019 health insurance runs from November 1- December 15, 2018. The experts at Advantage Administrators are here to help with plans, HSAs, FSA, and everything...
Have you checked out the online FSA Store yet? Now’s a great time, because if you follow this link and enter the code below, you can get $5 off your...
Congratulations to Liz Wuertz on her 2-year anniversary at Advantage Administrators! We are glad to have you as part of our team!
Open enrollment starts in just 16 days- do you know your benefits? Visit http://bit.ly/2xaZ6YW for explanations of FSA, HSA, HRA, and more. Still have questions? Contact your Advantage Administrators representative today!
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...
Advantage Administrator’s mobile app is an easy, convenient way to manage your insurance benefits. This video gives an overview of how to use the app and the various tasks you...
As an employer, you are required by the IRS to complete non-discrimination testing for any benefits plan that allows employees to use pre-tax income in an account, such as a...
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...
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....
Today, the IRS published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19.Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the...
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