Many American workers get confused, overwhelmed and downright exhausted just thinking about the Open Enrollment education sessions offered by their HR teams. And it causes many people to simply go with the plan they had before versus really understanding what’s best for them financially. What was also found, and what’s explored in depth in the...
A health savings account, or HSA, can be a powerful retirement savings tool. In fact, HSA’s offer a 31% increase in purchasing power at the time of retirement over a 401(k) or a Roth IRA. To learn more about health savings accounts, visit https://advantageadmin.com/hsa/.
Nearly half of American workers surveyed in the new consumer-directed health plans report said they don’t know who to trust when it comes to their financial and physical health. What it also found, and what is explored in depth in the new “Paying for Healthcare in America” report, is that escalating healthcare costs are having...
Cathy is an integral part of the Advantage Administrators team. Here’s what she loves about Advantage Administrators!
While the boss is away, the employees will play! Since the boss is on vacation, we’re doing jeans day every day, as well as flip flop, tennis shoes, and different themed shirt days! Employees who participate will have a chance to win a Texas Roadhouse gift card!
If you need to submit FSA and HSA documentation, you can simply take a photo of your receipts using the Advantage Administrators mobile app. Download it today in the Apple App Store or the Google Play Store.
Advantage Administrators will be closed Monday, September 2 in observance of Labor Day. We will resume normal hours on Tuesday, September 3.
Health Savings Accounts are wonderful benefits for both employers AND employees. HSAs are only available to those with a high-deductible health plan, which costs less for employers. Contributions made by employers are also tax deductible. Employees get several tax savings (pre-tax funds, no tax for withdrawals, and tax-free interest), funds don’t expire, and they save...
There are several benefits options that allow you to use some of your paycheck dollars pre-taxed: Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements are just a few options.
Talk to your Advantage Administrators representative to find out how these types of accounts can benefit you.
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