The time is now to disrupt open enrollment! While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan. With a few years of digital open enrollments behind us, it is key to identify barriers...
We’re halfway through the year—have you checked in on your employee benefits? If you’re like many employees, you might only think about benefits during open enrollment. But taking a mid-year look at your benefits can help you maximize your options, adjust to any life changes, and plan ahead. Here’s why this check-in is important and...
Congress passed and President Trump has signed into law the One Big Beautiful Bill Act – and it’s a game changer for health savings accounts (HSAs). In a recent episode of the WEX podcast, Chris Byrd, WEX Health & Benefits senior vice president, breaks down the most impactful provisions of the bill, including expanded health...
In today’s world where financial security feels increasingly elusive, Gen Z and millennials are rewriting the playbook on how they save, spend and invest. Yet, one of the most underutilized tools in their financial arsenal is the health savings account (HSA). Despite its potential to revolutionize both short-term healthcare spending and long-term wealth building, many...
The IRS requires flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum detailing medical expense claim substantiation for medical FSAs and dependent care FSAs. That’s...
Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses. Below we answer a few common dental-related questions as it relates to your HSA or medical FSA. ...
Rising healthcare costs are a growing concern for employees and employers alike. With premiums, deductibles and out-of-pocket expenses increasing, employees may struggle to afford necessary care. As an employer, you have the power to support your workforce by providing cost-saving solutions and promoting smarter healthcare decisions. Here’s how you can help employees navigate and reduce...
The IRS recently announced the 2026 Limits for HSAs, HDHPs and EBHRAs! Learn more about these limits below! The new 2026 limits are: HSA Annual Contributions Single $4,400 per year Family $8,750 per year HDHP (self-only coverage) $1,700 minimum deductible $8,500 out-of-pocket limit HDHP (family coverage) $3,400 minimum deductible $17,000 out-of-pocket limit EBHRA $2,200 ...
Employee benefits are a critical component of workplace satisfaction and overall wellness. However, traditional benefits programs are often riddled with complexity, making it challenging for employees to fully understand and utilize their options. Simplification is the key to driving better engagement, increasing participation and reducing administrative burdens for HR teams. This is the first part...
Many companies’ healthcare open enrollment happens in December. Start researching now so when the time comes, you can be prepared and knowledgeable about which benefits are best for you and...
Our staff all wore pink one day for Breast Cancer Awareness Month!
Employee benefits can be complicated. You might be tempted to come into this open enrollment season ready to sign up for the same package as last year just to make...
The COVID-19 pandemic has changed our lives in many ways, including how we think about our healthcare benefits. WEX’s annual healthcare survey in June found that HSA contributions have increased,...
Happy Columbus Day from Advantage Administrators!
This year’s Amazon Prime Day is next week, on October 13th and 14th. On these two days only, Amazon Prime members save on exclusive deals, including some HSA and FSA...
Our friends at the FSA Store are partnering with the American Cancer Society for Breast Cancer Awareness Month! Make a purchase of $50 or more this month and use the...
Are your employees worried about retirement? They’re not alone. This new blog post from Wex offers tips to help you help your team get their financial future in order.
Employee benefits doesn’t just mean HSAs and FSAs. We can help you set up medical FSAs, DCAPs, limited FSAs, commuter benefits, post deductible FSAs, and more! Contact your Advantage...
October is Breast Cancer Awareness Month! Advantage Administrators staff will be wearing pink next Thursday for the occasion.
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