For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA) or any...
Open enrollment is an important time for HR professionals and employers, since it’s the moment employees make decisions that impact their health, finances and overall wellness for the coming year. However, the work doesn’t end when open enrollment closes. Post-open enrollment strategies are essential for ensuring employees are engaged, informed and set up for success....
For many, winter is as synonymous for snowflakes as it is for sinus problems. Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! We’ve compiled a few common seasonal issues and eligible expenses that can help. Dry Nasal Passages...
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...
If your benefits reset at the beginning of the year, that means your flex spending account is full! Head over to http://FSAStore.com and use code “ADVANWEL” to get $10 off...
HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.
Congratulations to Stacy Jacobs on her two-year anniversary at Advantage Administrators. We don’t know what we’d do without you Stacy!
For medical and dental expenses not covered by insurance, such as braces, you can use funds from your HSA.
Advantage Administrators takes extreme precaution when dealing with your personal information, but there are a few steps you can take to help protect yourself further:
Sometimes when you use your flexible spending account, you’ll be asked for documentation. All this means is that the IRS needs proof that what you purchased was FSA eligible. To...
Happy Holidays from the team at Advantage Administrators! Thank you to all of our great clients and partners for a wonderful 2018. We look forward to working with you all...
Now’s the time to use up your FSA dollars before the end of the year! Use the code “CBAA5” to get $5 off any purchase at the FSA Store. Remember,...
The online FSA Store is for more than just shopping. It also offers tools and resources like educational emails, mobile resources, and an eligibility list to help you get the...
Give yourself a gift this holiday season- the Advantage Administrators mobile app! This free app allows you to manage your employee benefits easily, from anywhere. Find it in the Apple...
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