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...
Our employees are bringing in toiletry donations this week as part of Christmas in July with United Way!
Are employee benefits questions keeping you up all night? Use our “Let’s Chat” feature to get answers 24/7. Find “Let’s Chat” in the Employee Flex Portal online.
Today, we are honoring our former colleague Liz Wuertz. She shined a positive light every time she was in the office. She will be missed by many here and throughout...
Happy 4th of July! What are you doing to celebrate today?
Want to use your HSA or FSA funds, but aren’t sure if the product you want is eligible? Use Health Shopper! Health Shopper has hundreds of eligible products, which link...
Today we celebrate 23 years of having Fawn Wiebke on the Advantage Administrators team. Happy anniversary Fawn!
Advantage Administrators will be closed on Monday, July 5th in observance of Independence Day. We will resume normal hours on Tuesday, July 6th. Have a happy and safe 4th of...
Helping your employees save doesn’t just benefit them – it helps employers like you, too. Providing employee benefits that are easy to both understand and use will encourage them to...
As you start spending more time outside and on vacation, remember that many necessary summer items are FSA-eligible! Here are a few of our favorites. Always check with your Advantage...
A unique and increasingly popular employee benefit is commuter benefits, which allow employees to put aside pre-tax dollars to spend on commuting expenses like parking and bus fare. Just as...
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