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. ...
So, you’ve found out that your employer offers a Health Reimbursement Arrangement (HRA), but you don’t know the details of the plan or how it works. Check out the link...
Children depend on adults for a lot of things, and healthcare is one of them. Opening a dependent care FSA allows you to pay for expenses relating to caring for...
Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and find opportunities to save money. However, a whopping 92 percent...
Our office will be closed November 25 and 26 to celebrate Thanksgiving. Thank you for understanding, and have a great holiday.
Want to find a way to put more money in your pocket while still saving health-related funds? Learning about a medical FSA may be in your best interest. Watch our...
Open Enrollment is happening for many of our clients, and we’ve been out and about educating employees about their benefits. For more information, check out our website at https://bit.ly/2FbbqPQ
Check out important information from the IRS for 2022 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more below.
Tax-free contributions. No “use-it-or-lose-it” rule. Easy account access. These reasons and more are why you should consider enrolling in an HSA. Want to learn more? Check out the resources on...
Glasses – including sunglasses and reading glasses – are one FSA-eligible expense people may not think of using their funds on. Check out why seeing the world through a better...
November 1 was Jeff’s anniversary with us. Happy anniversary Jeff! There’s no way Advantage Administrators would be where we are today without your help. If you see him today, be...
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