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...
An employer has several options when it comes to benefit plans to reimburse their employees for out-of-pocket medical expenses. This chart helps explain the different types of medical expense reimbursement...
How is a limited FSA different from a regular FSA? Watch our video to find out!
Sue Schlumbohm has been with Advantage Administrators for 13 years today! Happy work anniversary Sue!
Funds from a Dependent Care Flexible Spending Account can be used to care for children, disabled dependents, or a disabled spouse. For more information, watch this video.
This year has been rough, but we still have a lot to be thankful for! Happy Thanksgiving!
Open enrollment can be a stressful time for your employees, especially when it hits at the same time as the holidays, and this year, in the midst of a global...
As the calendar year wraps up, so do your employees’ flexible spending accounts (FSAs). FSAs are use-it-or-lose-it accounts, and there are limits on how much of these funds (if any)...
Sprucing up the outside of the building on a beautiful November day before the white snow flies.
Are you considering signing up for a medical FSA during open enrollment? This video gives you all the information you need to know about medical FSAs.
With COVID-19 still ravaging the country and flu season on the horizon, health experts warn that the U.S. may experience a “twindemic.” A twindemic occurs when two pandemics happen at...
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