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...
Last night, Congress passed a COVID bill intended to bring much relief to Americans and businesses struggling this year. It includes several provisions that will allow changes to FSAs and additional...
If you have a calendar year health insurance plan with a Flexible Spending Account (FSA), you’re running out of time to use up your FSA funds! FSAs are “use it...
Advantage Administrators will be closed December 24 and December 25 for Christmas and January 1 for New Year’s Day to allow our employees to celebrate with their families. Happy holidays!
We had a white elephant gift exchange today. Each person brought something from their home which started with the first letter of their first name.
Happy Holidays! This year has been difficult for all of us, but with the holiday season comes a renewed sense of hope and joy. All of us at Advantage Administrators...
With COVID-19 still affecting many Americans, you may be wondering if you can use your Health Savings Account or Flex Spending Account to cover COVID-19 costs. This blog post from...
Every Friday, our staff can donate $1 to wear jeans to work. This month, we adopted a family through Cedar Valley Friends of the Family and used the jeans money...
A post-deductible FSA works differently than a medical FSA or a limited medical FSA. This video explains how.
Americans now use debit cards more frequently than cash when making purchases. Providing a benefits debit card to your employees can make it easier and more convenient for them to...
We’re getting into the holiday spirit here at Advantage Administrators! We have plenty of holiday decorations around the office, and every Friday in December we bring in treats to share!
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store