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. ...
For most of you, a new plan year has begun! Just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put...
Are you tired of searching for products to treat your condition and not finding them? The HSA Store not only sells products that can be purchased with your HSA funds,...
If part of your new year’s resolution is to save more for retirement, consider opening a Health Savings Account. Funds deposited into an HSA are tax-free, and roll over year...
Happy anniversary Stacy! Stacy Jacobs always makes sure we keep on track as one of our operations assistants and is always willing to pitch in when needed. Be sure to...
Each employee’s plan should be individually tailored to their needs, and a Defined Contribution Plan (an addition to a Flex Savings Account) is the best ways to accomplish this. Watch...
Just a reminder that Advantage Administrators will be closed Friday, December 31st for the new year holiday. We will resume normal hours on Monday, January 3rd.
“When I’m 59 1/2, I’ll get to take [the money] out without any penalties, and if I use it for medical care later on, I’ll never pay any tax on...
This is a friendly reminder that we will be closing for the holidays! The office will be closed Friday, December 24 and Monday, December 27th. We will reopen on Tuesday,...
A flexible spending account (FSA) lets you save money by setting aside pre-tax dollars to pay for eligible medical, dental, vision and dependent care expenses incurred by you, your spouse,...
The end of the year is almost approaching! If you have money left in your FSA account, be sure to use it before 2022 rolls around. Feminine care, acne/skincare and...
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