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. ...
FSAs and HSAs aren’t just for paying for medical appointments. You can also purchase eligible health products with those dollars. Here are a few eligible items you can get for...
There are a several types of savings accounts people can choose from. A Health Savings Account (HSA) from Advantage Administrators, though, should be at the top of the list for...
With all of the snowfall last Friday, we decided to have our staff meeting outside and got creative with snow creations!
We know that taking advantage of your HSA or your FSA can be confusing. Thanks to Health Shopper, there is a place you can learn about and shop for HSA...
With so many benefit options, it’s not easy to keep them all straight. Here are some of the common misconceptions around HSAs and FSAs. ...
A health savings account (HSA) or medical flexible spending account (FSA) can be used to purchase eligible expenses, and the list of things that are eligible is sizable and growing. For example, as part...
Health Savings Accounts, or HSAs, are a useful savings tool, no matter your age. For tips about talking to your employees of all ages, check out this HSA Handbook for...
Today we celebrate Stacy Jacobs’ 4-year anniversary working at Advantage Administrators! Happy anniversary Stacy!
2020 is finally coming to a close! This is your reminder that the Advantage Administrators office will be closed on Friday, January 1st for New Year’s Day. We will be...
Because of the COVID-19 pandemic, 2020 brought many changes to employee benefits rules and regulations. Wex Health has gathered its top 10 blog posts of 2020, many of which explain...
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