Employee benefits can be complicated. You might be tempted to come into this open enrollment season ready to sign up for the same package as last year just to make it quick and painless. However, doing that may mean missing out on significant savings. Here, we’ll explain some of the most popular employee benefits and...
The COVID-19 pandemic has changed our lives in many ways, including how we think about our healthcare benefits. WEX’s annual healthcare survey in June found that HSA contributions have increased, consumers appreciate their benefits more, and many have changed their opinion on online healthcare and telemedicine.
This year’s Amazon Prime Day is next week, on October 13th and 14th. On these two days only, Amazon Prime members save on exclusive deals, including some HSA and FSA eligible expenses! Click here to shop using Health Shopper, which offers eligible products that are fulfilled through Amazon. To learn more about the benefits of...
Our friends at the FSA Store are partnering with the American Cancer Society for Breast Cancer Awareness Month! Make a purchase of $50 or more this month and use the code PINK20 for 5% of your order to be donated! Click here to shop.
Are your employees worried about retirement? They’re not alone. This new blog post from Wex offers tips to help you help your team get their financial future in order.
Employee benefits doesn’t just mean HSAs and FSAs. We can help you set up medical FSAs, DCAPs, limited FSAs, commuter benefits, post deductible FSAs, and more! Contact your Advantage Administrators representative for more information or visit https://advantageadmin.com/ .
October is Breast Cancer Awareness Month! Advantage Administrators staff will be wearing pink next Thursday for the occasion.
Anyone with an HSA or FSA through Advantage Administrators has access to our mobile app, which makes it easy to check your balance, submit receipts, and manage your investments. Recently, we made updates to our app to make it even easier to manage and monitor your plan. Here are some of the new features you...
A Flex Plan allows a participant to set aside dollars each year from their paycheck to pay for qualified health and dependent care expenses through a Section 125 Cafeteria Account. These dollars are deducted from wages before any income or social security taxes are paid. By using this tax savings plan, participants will notice an increase in take home pay and have access to a reimbursement account throughout the year to pay for qualified expenses. Employers will not have to pay FICA or FUTA taxes on dollars run through the plan. Additionally, employers have the option of adding on a defined contribution plan set-up and an online enrollment tool.
Any administrator can propose a plan, but we take our administration the extra mile for you and your employees by providing superior customer service. Advantage Administrators provides the following services for our Flex Plans.
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