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 you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time medical FSA participant should be aware of in order to take full advantage of their FSA. What is a Medical Flexible Spending Account (FSA)? A medical FSA...
A dependent care flexible spending account (FSA) lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping individuals save 30 percent or more (based on their tax rate) on dependent care costs. Dependent Care...
The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2023. We wanted to share a few tips and reminders about health savings accounts (HSA) you’ll need for your tax return. HSA Tax Prep Checklist Check your W-2 for HSA payroll contributions Get your 1099-SA form...
Modern life is all about convenience. We have smart-home systems to help us make everyday tasks around the house easier. Our vehicles can be started remotely with the press of a button. And now there’s a mobile app that makes managing your health benefits quick, simple, and fun!
It’s called the Advantage Administrators’ Benefits Mobile App, and it’s free! With this convenient, secure app, you can check an item and learn if it qualifies as an eligible expense under your health savings (HSA), flexible spending (FSA) or reimbursement plan. You can also easily submit FSA and HSA claims through a few simple online steps, view your HSA investments, plan for next year’s expenses, and so much more! Here’s how to get started—and everything our App offers:
• Download the free Advantage Administrators’ Benefits Mobile App from the App Store or Google Play.
• Quick log-in: With the swipe of a finger, or a simple four-digit code, you can log in and manage your benefits from wherever you are!
• View your account activity: claim statuses, payroll deductions, statements, and many other great features. Also, be sure to review the snapshot of your current benefits situation.
• Verify eligible expenses. Know for sure! Scan the bar code of an item and the Benefits Mobile App will tell you whether it qualifies under your existing plan so you can spend with confidence!
• Check your balance. We make planning for upcoming medical expenses painless with real-time account balances for your FSA and HSA.
• File and monitor claims. If you have a qualifying expense, just log in, complete a few fields, snap a photo of your receipt, and submit! After that, use the app to easily track your pending claim.
• Track your HSA investments. Convenient charts, yearly tracking numbers, and instant status updates. It’s your money—manage it like a pro!
• Make a payment easily with our secure bill pay option. Direct a distribution from your bank account, report a lost or stolen card, change payee information, and much more.
• Plan for upcoming expenses with a convenient, customized chart of your prior year’s expenses. Use this handy tool when allocating FSA and HSA money for an upcoming plan year.
• And more! Simply submit medical expenses mileage, view debit card claims processing, monitor claims by family members, and much more!
Whew! That’s a lot of powerful benefits management tools at your fingertips—and that’s the Advantage Administrators’ Benefits Mobile App! It’s no wonder the mobile app has received two 2019 Mobile Star Awards™ for innovation and excellence in mobile healthcare benefits management.
If you’re ready to get started, check out the app on the App Store or Google Play. Or, if you have any questions about our app, or your benefits, contact Advantage Administrators today or visit our website.
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