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...
Advantage Administrators is closed Monday February 18th in honor of Presidents’ Day
There are several benefits options that allow you to use some of your paycheck dollars pre-taxed: Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements are just a few...
Our team is always expanding its industry knowledge. Right now, Rod Drenkow is at the FIS Advanced Pension Conference at the Hard Rock Hotel Universal Studios in Orlando learning about...
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!
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