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. ...
The FSA Store makes it easy to purchase Flex Spending Account eligible items, such as glucose test strips, ice packs, and reading glasses. Visit FSAStore.com and use code “ADVANWEL” to...
Although it’s still early in the year, it’s important to make sure your FSA dollars are getting used, so you don’t have to rush to spend a remainder at the...
We love to support our local community. Recently, we collected pillows to donate to Cedar Valley Friends of the Family!
COBRA coverage is an elective benefit which helps to continue your insurance coverage when it would otherwise be lost due to: Voluntary or involuntary termination (in most cases) Hour reduction...
Please join us in congratulating Sarah Claiborne on 14 years at Advantage Administrators! Sarah is an incredible asset to our team. Thank you, Sarah, for all of your incredible work!
Employee benefits can be confusing. To help, we’ve outlined a few of the most common questions about HSA’s: What is an HSA? HSAs, or Health Savings Accounts, are accounts...
Did you see us earlier this month at the Iowa Employment Conference at Prairie Meadows in Altoona? Advantage Administrators and Fortress Benefits were sponsors at the event!
Good employee wellness can lead to fewer sick days, a higher productivity, and fewer healthcare claims. To encourage wellness, consider offering healthy snacks in the office, wellness programs, competitions or...
At the online FSA Store, you can get everything you need with one of their specialized bundles! They have a Foot Care Bundle, a Hi-Tech Health Bundle, a Baby Care...
If you’d like to offer your organization a high deductible health plan, it can sometimes help to let your employees choose between an HDHP and a PPO for a couple...
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