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...
Recently, President Biden advised Congress of his plans to end the two COVID-19 emergencies as of May 11, 2023. What this means from a COBRA and employee benefits stand point...
For many, winter is a wonderful time of year. For others, it’s a season filled with sinus problems and colds. If winter is a time when you are frequently ill,...
Congratulations, benefits professionals! You’ve accomplished another year’s open enrollment! Whether you survived or thrived, you have an opportunity to lead your organization’s benefit evaluation. It’s time to charge full speed...
Benefits can be a deciding factor on whether an employee stays within a company or decides to move on. In order to stay competitive, more and more companies are looking...
Just a reminder that Advantage Administrators will be closed Monday, January 2nd for the new year holiday. We will resume normal hours on Tuesday, January 3rd.
This is a friendly reminder that we will be closing for the holidays! The office will be closed Friday, December 23rd and Monday, December 26th. We will reopen on Tuesday,...
Quiet quitting is a term that has been gaining momentum, but what exactly is it? Quiet quitting is when an employee does the bare minimum or only the responsibilities within...
Health insurance can be hard to comprehend. With open enrollment coming up, we’ve compiled a few points of interest to better understand how employees use their benefits. Employers can use...
Health savings accounts (HSA) have many benefits such as saving for future expenses and even investing. Money in an HSA can also be used to cover current expenses such as...
Health savings accounts (HSA) are a great way to set aside money for medical expenses. But did you know that it can also be used for investing purposes? Investing funds...
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