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...
Tax season is in full swing and as the April 15 filing deadline approaches, employees are looking for ways to maximize their savings. One often-overlooked strategy? Taking full advantage of pre-tax benefits. These employer-sponsored programs can help you reduce your taxable income and keep more of your hard-earned money. What are Pre-Tax Benefits? Pre-tax...
When it comes to using pre-tax health accounts like health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), you may assume that all medical expenses are automatically covered. However, certain expenses require additional documentation to be considered eligible. That’s where a letter of medical necessity (LMN) comes in. If you’ve ever...
March is Women’s History Month, a time to celebrate the achievements of women across industries—including finance. While women have made incredible strides in wealth-building and financial independence, there are still areas where confidence lags. One of those areas is investing in health savings accounts (HSAs). Despite their powerful benefits—including triple-tax advantages, long-term savings potential and...
With the 2024 U.S. election potentially leading to significant shifts in employment laws and employee benefits, it’s crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Employers who proactively...
February is Heart Health Awareness Month, a time to focus on cardiovascular wellness and encourage employees to take proactive steps toward a healthier heart. Heart disease remains the leading cause of death in the U.S. but the good news is that lifestyle changes, preventive care and employer-sponsored benefits can make a significant impact. By leveraging...
For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA) or any...
In order to decrease the amount of people in the office at once during the COVID-19 pandemic, we’ve split into groups that work at different times. Here’s Platoon One, which...
Technology is changing the way we look at a lot of things- including our healthcare. With what’s known as “telehealth,” some patients are seeking medical answers, and even participating in...
Thanks to Sarah Claiborne’s uncle for making these signs for our windows!
Are you too young and healthy to worry about using an HSA? Actually, now is the best time to start an HSA- when your healthcare expenses are low. For more...
The recent CARES Act enacted by the U.S. government includes updates regarding FSA and HSA eligible items. The eligibility lists on FSAStore.com and HSAStore.com have been updated to reflect these...
Getting bummed out being in quarantine? The pets of Advantage Administrators employees are here to cheer you up!
Have you filed your taxes yet? If you have an HSA, follow this checklist to ensure you file correctly. For more information, contact your Advantage Administrators representative. If you...
Be safe and be well, from your friends at Advantage Administrators. #HeartHunters
Advantage Administrators will be closed the afternoon of Friday, April 10, 2020 for the Easter holiday.
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store