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. ...
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...
2020 was a year unlike any other, and it affected everything- including open enrollment. As we gear up for this year’s open enrollment, here are some things to keep in...
Lisa and Fawn were at a informational meeting yesterday and spotted this sign. “Kind Words Cost Nothing”- a good reminder!
Curious on whether you should choose a health savings account? Advantage Administrators’ Fawn Wiebke chose to open an HSA for its excellent tax savings benefits. Hear it from Fawn herself...
It’s almost time for school to start up again, and area schools are always in need of donations for pencils, paper, tissues, disinfect wipes, and other supplies. We did a...
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