March is Women’s History Month, a time to celebrate the achievements of women across industries—including finance. While women have made incredible strides in wealth-building and financial independence, there are still areas where confidence lags. One of those areas is investing in health savings accounts (HSAs). Despite their powerful benefits—including triple-tax advantages, long-term savings potential and...
With the 2024 U.S. election potentially leading to significant shifts in employment laws and employee benefits, it’s crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Employers who proactively...
February is Heart Health Awareness Month, a time to focus on cardiovascular wellness and encourage employees to take proactive steps toward a healthier heart. Heart disease remains the leading cause of death in the U.S. but the good news is that lifestyle changes, preventive care and employer-sponsored benefits can make a significant impact. By leveraging...
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...
Having an employee leave your company can be detrimental. According to a 2019 study by the DDI, 57% of employees have left one or multiple companies because of their manager...
Only 16 percent of employers believe their employees are saving enough money for retirement. While many employers recognize this is an issue, determining the best solution has yielded a variety of different...
The only constant in life is change. And change can be difficult, particularly when it comes to healthcare. It’s easy to stick with what you know—familiarity matters—and a majority of...
Are you investing in a health saving account (HSA)? Only 5% of HSA participants invest their funds, but all profits are tax-free and grow faster than a 401(k) or IRA....
Your mission: To build a nest egg of $175,000 for healthcare costs in retirement. How are you going to get there? Great question. It’s a big goal! But it’s achievable....
Since March, the COVID-19 pandemic caused a lot of changes to the workforce. Now, after nearly a year, Advantage Administrators has identified new wellness trends have emerged that employees may...
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...
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...
If you have a calendar year health insurance plan with a Flexible Spending Account (FSA), you’re running out of time to use up your FSA funds! FSAs are “use it...
Open enrollment can be a stressful time for your employees, especially when it hits at the same time as the holidays, and this year, in the midst of a global...
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