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...
If you didn’t spend all of your FSA funds last year, the grace period is almost over! Spend your FSA funds before March 15 to avoid losing them. For FSA...
You’re always on the go. Now, your benefits are too. Download the Advantage Administrators mobile app today!
As a reminder, the 2020 flex mileage reimbursement is 17 cents per mile, down from 20 cents per mile in 2019.
Loney Debully is another one of our Wartburg interns this semester! She’s a senior studying Business Administration with a Management concentration. Originally from Malaysia, Loney would like to stay in...
Winter is prime time for injuries and sickness. Help curb some of those by following these tips: – Wash your hands frequently. – Salt your driveway, sidewalk, and exterior stairs....
Say hello to one of our interns, Andrew Walker! Andrew is a senior at Wartburg College, majoring in Economics and Business Administration. He will be attending Iowa Law School in...
We’ve said it before, and we’ll say it again- HSAs are an incredible tool for saving for your future. Here are a few tips to ensure that you are making...
Paula enjoys learning something new every day at Advantage Administrators.
Part of managing your employee benefits involves keeping your online account secure. One way you can do this is by using a passphrase instead of a password. A passphrase is...
If your FSA or HSA debit card is looking a little rough, you can request a new one through your online account or the mobile app!
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