Most people think of their Health Savings Account as a place to stash pre-tax dollars for doctor visits, prescriptions and the occasional trip to urgent care. And that’s a great use of it. But if you’re only ever saving in your HSA, you could be leaving real money on the table. Once your balance grows...
Employee expectations continue to evolve, and in 2026, benefits are about much more than traditional health coverage. Today’s workforce is looking for personalized experiences, intuitive technology and benefits that support every aspect of their lives. For employers, staying competitive means adapting benefit strategies to meet these changing needs. Here are 10 key employee benefits trends...
Key takeaways – 2025 HSA contribution limits The Internal Revenue Service (IRS) has announced updated Health Savings Account (HSA) contribution limits and High-Deductible Health Plan (HDHP) requirements for 2027. These annual adjustments allow individuals and families to set aside additional tax-advantaged dollars for qualified healthcare expenses. 2026 & 2027 HSA Contribution Limits Coverage Type 2026...
Medical cost trends have risen by 10% since 2022. But the cost trend for Rx is over 17% for the same period. Much of this increase in Rx is due to exploding sales for GLP-1s (such as Ozempic, Wegovy, Zepbound and Rubelsus) for use as weight loss drugs, driving costs to unsustainable levels for both...
Over three quarters of all Americans admit to sometimes being stressed about their finances, with 30% of Americans saying they’re “constantly” stressed about money. With so many of your employees...
Happy 4th of July from your friends at Advantage Administrators!
In general, changes can only be made to your insurance plans at the start of a new year. However, there are a few instances where mid-year election changes are allowed,...
It’s officially summer! Buy your summertime essentials using your FSA or HSA. These items are all eligible, although some require a doctor’s prescription. Sunscreen Bug spray Sunburn creams Lip balm...
In June of 1987, Rod Drenkow founded Advantage Administrators (then known as R.D. Drenkow & Co., Inc.). Help us in congratulating Rod and Advantage Administrators on 32 fantastic years serving...
It’s easy to purchase prescription glasses with your flex spending account. Simply visit the FSA Store website to order online.Use code “CBAA5” to get $5 off today! https://bit.ly/2q2LafK
Technology has made it easier to communicate with friends around the world, access virtually unlimited information, and even streamline your employee benefits process. With HR software, benefits administrators like us...
Health Savings Accounts are a great way to set aside money to cover large or unexpected medical costs. However, they can be a great way to save money and build...
Some companies renew their benefits plans mid-year. That means your open enrollment period may be coming up. To find out for sure, talk to your employer or your Advantage Administrators...
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