Have you recently changed employers? Are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through Advantage Administrators, your HSA stays with you. There are plenty of myths about HSAs, but today let’s tackle what really happens to your HSA when you change employers. HSA transfer If your new employer offers an...
Stand Out From the Crowd with our Dependent Care Assistance Plan
Approximately 700,000 parents of young children left the workforce in 2020 with many citing the lack of childcare options. Offering a dependent care assistance plan can give you a leg up when hiring new employees. Plus, matching your employees’ contributions will show your dedication to your team and revitalize your workforce.
Features of this plan include fully tax-deductible employer contributions of up to $5,000 per calendar year and payments made directly to providers or employees. All claims and other administration duties are handled by our Advantage Administrators team so you don’t have to.
Covered Expenses Include:
- Home child care providers
- Dependent care centers
- Sick child facilities
- Adult elder care
- After-school care
- Extended day programs
- And more!