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. ...
Open enrollment is coming up. Help your employees understand the different health plans by giving Advantage Administrators a call. We can customize plans to make sure each one of your...
It doesn’t matter if you are married, single or have children – healthcare is a large chunk of your budget every year, especially with an insurance plan that has a...
Lisa is on the road and visiting clients at their Fall Health Fairs. Many employees are preparing for open enrollment and we are available to answer your questions.
You can check your bank statements, play music and see where your kids are from your phone. Why not be able to view and manage your benefits accounts from your...
Our employees are proud to support United Way in their annual campaign. For turning in her United Way pledge card on time, Jessica, a lead administrator in the Welfare Benefits...
Last week, we partnered with Wartburg College’s Student Success Center for their Virtual Mock Interview Day. Fawn Wiebke met via Zoom with students preparing for real-world interviews. This was an...
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...
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