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...
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....
The truth is, it depends. There are many variables to take into account when deciding which health plan is right for you. And if your employer offers many different plans...
For most people, the idea of a health savings account (HSA) or flexible spending account (FSA) can appear confusing, if not a little intimidating. What are they? What types of...
If you own or run a business, the benefits plan you choose can have a big impact on the success of your organization. Why? Because more and more, employees are...
It’s back to school time, and with it, the time for spending money to get your children ready to learn. As children get older, those expenses can really pile up....
Saving for retirement is critical, but sometimes the array of options available can feel overwhelming. Should you make contributions to this account? Or that one? How much? For how long?...
The modern workforce is evolving, and with it, the expectations of those employees. More and more millennials are joining the workplace and playing active and important roles in organizations everywhere....
Modern life is all about convenience. We have smart-home systems to help us make everyday tasks around the house easier. Our vehicles can be started remotely with the press of...
Can you feel that? Although slower than we’d like, the weather is getting warmer and the snow is melting away, which means that spring is approaching. And as you start...
Although it’s still only February, Tax Day—April 15—is only a few weeks away. In addition to focusing on getting your taxes filed, if you have a health savings account (HSA),...
It’s the new year and it’s time to learn something new about your benefits from Advantage Administrators—or to make a new year’s resolution to learn more about the steps for...
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