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...
The IRS has just announced tax inflation adjustments for the tax year 2020. Under IR-2019-180, the Health Flexible Spending Account contribution limit was raised $50 from $2,700 in 2019 to...
HSAs are awesome! The money is always available to you, and if you let the money to grow, it can be a great way to save for the future. Watch...
We wore pink to observe Breast Cancer Awareness Month in October. #BreastCancerAwarenessMonth
Get spooky good savings when you get an HSA or FSA during open enrollment season!
Did you see us at Oktoberfest a few weeks ago? Advantage Administrators and Fortress Benefits had a lot of fun with our duck race game!
Happy HSA Awareness Day! Many Americans are unaware of the varied benefits that a health savings account offers. Here’s why some of our clients love their HSAs! Why do you...
Many people are worried about having enough money in retirement, especially with the rising cost of healthcare. Escalating healthcare costs are having a devastating effect not only on Americans’ financial...
Did you know that starting next year, you can deposit up to $3,550 (for an individual) or $7,100 (for a family) TAX FREE into your HSA account? To learn more...
Kala, our jack of all trades, loves the small company atmosphere at Advantage Administrators. Hear more in her video!
With many HSA providers, your money goes into a traditional bank. At Advantage Administrators, your money goes into an investment account, which can grow your savings at a much faster...
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