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...
Most of your employees already understand that health savings account (HSA) withdrawals are tax-free when used for eligible expenses. What most employees miss out on is how significant this need...
“How do I know what purchases can be reimbursed through my FSA or HSA plan?” We’re glad you asked. Check out Health Shopper to find a comprehensive list of eligible...
Paula Hemingson is one of our operations assistants here at Advantage Administrators and is celebrating her fourth anniversary with the company. Be sure to wish her a happy anniversary if...
FSAs and HSAs are both accounts you can use to pay for health-related expenses, but there are several differences between the two of them. Go to our website or give...
Happy anniversary Kala! Kala Meihost is always busy helping out with the day-to-day operations of Advantage Administrators and is one of the friendliest faces we’ve ever met. If you have...
Rivalry Week is best celebrated at work with breakfast pizza. Go Hawks! Go Cyclones!
Happy anniversary Cathy! Cathy Pruin is our resident expert on health reimbursement accounts and our clients’ go-to person if they have any questions. If you see her today, be sure...
Retirement is closer than it may seem, and it’s never too early to prepare. We offer a variety of retirement plans to suit your need, but if you don’t believe...
We are kicking off the weekend and supporting our favorite area teams today. A special shout out to our staff children representing the Waverly-Shell Rock Go-Hawks, Clarksville Indians, Oelwein Huskies,...
When it comes to eligible FSA purchases, there are more options than you may think. Check out the FSA Store – an online shop that only sells item you can...
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