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. ...
Does your health savings account (HSA) have enough funds to carry you through the second half of the year? If it does, is there more you could be doing to grow those funds? We’ve broken down how to know if you’re contributing enough to your HSA to cover costs for the entire year and whether...
In today’s world, employees seek more than just a paycheck. They desire benefits that cater to their unique needs and offer peace of mind. This is where benefits personalization technology comes into play. Let’s explore how modern technology is revolutionizing benefits personalization and how employers can leverage these advancements effectively. The Value of Personalized...
New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the health of family/friends also ranking among the top four. There are a variety of ways...
Supporting employees throughout their employment lifecycle is essential for improving engagement, loyalty and long-term satisfaction in the workplace. By optimizing employee benefits and creating a supportive environment, employers can enhance the employee experience at every stage of their journey, from onboarding to retirement. This comprehensive guide will help you understand and implement effective employee lifecycle...
May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental wellbeing. What can employees do to raise mental health awareness in the office, especially during Mental Health Awareness...
Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025. The IRS announced that 2025 HSA contribution limits...
If your New Year’s resolution is to build your savings, then we can help. Taking advantage of benefits like HSA account investments and FSA accounts can actually help you save...
As an employer offering a health plan, it’s in your best interest to encourage employees to stop smoking, and winter is the perfect time. Smokers have a higher risk of...
It’s winter cold and flu season. Use your FSA debit card to purchase items like prescriptions, thermometers, face masks, hand sanitizer, and more!
Have you downloaded the Advantage Administrators mobile app yet? The app makes it easy to make HSA contributions or distributions and to manage your investments. Download it in the Apple...
If your benefits reset at the beginning of the year, that means your flex spending account is full! Head over to http://FSAStore.com and use code “ADVANWEL” to get $10 off...
HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.
Congratulations to Stacy Jacobs on her two-year anniversary at Advantage Administrators. We don’t know what we’d do without you Stacy!
For medical and dental expenses not covered by insurance, such as braces, you can use funds from your HSA.
Advantage Administrators takes extreme precaution when dealing with your personal information, but there are a few steps you can take to help protect yourself further:
Sometimes when you use your flexible spending account, you’ll be asked for documentation. All this means is that the IRS needs proof that what you purchased was FSA eligible. To...
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