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. ...
Does your health savings account (HSA) have enough funds to carry you through the second half of the year? If it does, is there more you could be doing to grow those funds? We’ve broken down how to know if you’re contributing enough to your HSA to cover costs for the entire year and whether...
In today’s world, employees seek more than just a paycheck. They desire benefits that cater to their unique needs and offer peace of mind. This is where benefits personalization technology comes into play. Let’s explore how modern technology is revolutionizing benefits personalization and how employers can leverage these advancements effectively. The Value of Personalized...
New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the health of family/friends also ranking among the top four. There are a variety of ways...
Supporting employees throughout their employment lifecycle is essential for improving engagement, loyalty and long-term satisfaction in the workplace. By optimizing employee benefits and creating a supportive environment, employers can enhance the employee experience at every stage of their journey, from onboarding to retirement. This comprehensive guide will help you understand and implement effective employee lifecycle...
May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental wellbeing. What can employees do to raise mental health awareness in the office, especially during Mental Health Awareness...
Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025. The IRS announced that 2025 HSA contribution limits...
Back to school time is quickly approaching, and this year promises to be even more hectic than normal. With the COVID-19 pandemic making so much uncertain, we at Advantage Administrators...
Thinking of changing your HSA administrator mid-year? This can seem daunting, but Advantage Administrators can make it easy and worry-free. We will minimize the disruption of your plan and provide...
Health Savings Accounts are a powerful tool for retirement planning, but we know that sometimes investing can feel intimidating. Planning for retirement can seem overwhelming, but Advantage Administrators is here...
Spring is in the air! But so are dust and pollen and mold spores (oh, my!), which cause a host of sinus and allergy problems for millions of Americans. But...
Due to the COVID-19 pandemic, many Americans are stocking up on health supplies. You might be wondering if you can use your FSA or HSA funds to purchase these items....
Testing and treatment for COVID-19 will now be covered by high-deductible health plans prior to those covered by such plans meeting their deductible, thanks to new guidance from the IRS....
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...
For the first time in history, there are five generations of people working side by side. As a result, employers have their work cut out for them when it comes...
HSAs are a great way to help defray the ever-increasing cost of healthcare for those who are eligible to participate. But did you know that HSA participants can be largely...
So you have a Health Savings Account (HSA)…Now what? Now it’s time to make it work for you. You already know that contributions are tax-deductible and that earnings and qualified...
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