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. ...
One of the questions we’ve been getting a lot is are face masks HSA and FSA eligible? Here’s the answer: disposable face masks are not an eligible FSA expense unless...
Census Takers in Your Neighborhood Starting in July, census takers will visit homes that haven’t yet responded to the 2020 Census. What To Expect Census takers will wear masks...
Everyone at Advantage Administrators would like to wish teachers, parents, children, school administrators, janitors, bus drivers and cooks a wonderful new school year! Have a great first day back!
Back to school time is quickly approaching, and this year promises to be even more hectic than normal. With the COVID-19 pandemic making so much uncertain, we at Advantage Administrators...
A big thank you to all of the utility workers, tree removal services, and others for all of their hard work cleaning up and getting the power restored after the...
We make it easy to manage your employee benefits with the Advantage Administrators mobile app. Use it to check your balances, submit FSA and HSA documentation, and file claims. Download...
Yesterday we collected school supplies to be donated to area schools including WSR, Oelwein, North Butler and Clarksville.
As you start to get the kids ready for the new school year, you’re likely scheduling physicals for school and sports. Don’t forget that these appointments are FSA and HSA...
We’ve got more garden and flower photos! How are your plants doing in this heat?
Thinking of changing your HSA administrator mid-year? This can seem daunting, but Advantage Administrators can make it easy and worry-free. We will minimize the disruption of your plan and provide...
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