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 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!
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.
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