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. ...
If you didn’t spend all of your FSA funds last year, the grace period is almost over! Spend your FSA funds before March 15 to avoid losing them. For FSA...
For many people, winter and illness go hand in hand. But if you have a Health Savings Account (HSA) or a Flexible Spending Account (FSA) from Advantage Administrators, many of...
You’re always on the go. Now, your benefits are too. Download the Advantage Administrators mobile app today!
As a reminder, the 2020 flex mileage reimbursement is 17 cents per mile, down from 20 cents per mile in 2019.
Loney Debully is another one of our Wartburg interns this semester! She’s a senior studying Business Administration with a Management concentration. Originally from Malaysia, Loney would like to stay in...
Winter is prime time for injuries and sickness. Help curb some of those by following these tips: – Wash your hands frequently. – Salt your driveway, sidewalk, and exterior stairs....
Say hello to one of our interns, Andrew Walker! Andrew is a senior at Wartburg College, majoring in Economics and Business Administration. He will be attending Iowa Law School in...
We’ve said it before, and we’ll say it again- HSAs are an incredible tool for saving for your future. Here are a few tips to ensure that you are making...
Paula enjoys learning something new every day at Advantage Administrators.
Part of managing your employee benefits involves keeping your online account secure. One way you can do this is by using a passphrase instead of a password. A passphrase is...
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