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. ...
We got the shot! At Advantage Administrators, we’re doing our part to stop the spread of COVID-19. Several of our employees have already gotten the vaccine.
Advantage Administrators will be closed on Monday, May 31st in observance of Memorial Day. We will resume regular hours on Tuesday, June 1.
The IRS has announced an increase in Health Savings Account contribution limits for 2022. Individuals with self-only HDHP coverage may elect up to $3,650 and individuals with family HDHP can...
If you don’t have our mobile app yet, what are you waiting for? You can check your account balance, see investments, submit claims, and more! Download it today in the...
Congratulations to all of 2021 graduates! You faced a school year like no other, and it’s time to celebrate all of your accomplishments.
Don’t waste time at the store trying to figure out which products are HSA eligible. HSAStore.com offers ONLY HSA eligible items and has several HSA resources to help you make...
Welcome to our newest Advantage Administrators team member, Lisa Smith! Lisa is a Lead Administrator in our benefit services department.
When it comes to saving for retirement, a 401(k) might not be the best option. In fact, Health Savings Accounts (HSAs) offer all of the same advantages that 401(k)s do,...
At Advantage Administrators, we like to support our community here in Waverly. One of the ways we do that is by patronizing the Waverly Senior Center’s 506 Café. Once a...
The only constant in life is change. And change can be difficult, particularly when it comes to healthcare. It’s easy to stick with what you know—familiarity matters—and a majority of...
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