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. ...
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...
Start Your New Benefits Plan Year Off Right with These 8 Tips
Start Your New Benefits Plan Year Off Right with These 8 Tips
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 time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA), or any other plan you signed up for throughout the year can pay off for you. We’ve compiled some tips to help you if you participate in an Advantage Admin benefits plan.
Download our app
A variety of day-to-day expenses are eligible for your HSA and FSA funds, including over-the-counter expenses. Having your employee benefits anytime you need them isn’t just comforting. It’s an expectation. If you participate in an HSA, FSA, HRA, LSA, or commuter benefits with us, download the benefits mobile app to check your balance, file claims, upload documentation, and even use the scanner to check products for eligible expenses.
How do you do this? Go to the Apple or Google Play store and search “Advantage Admin.” It will be one of the first apps you see after that.
Sign up for text alerts
Statements. Contributions. Debit card activity. There are a variety of activities related to your account that you want to stay on top of by signing up for text alerts.
How do you do this? From your online account, click on Message Center and then click Update Notification Preferences. In this menu, you can also add your phone number and email address for your account.
Update email address
If you completed the previous task of signing up for text alerts, you may have noticed that there are a variety of email notifications also available, including notifications for your HSA account summary or debit card activity. Plus, going paperless is great for the environment! You’ll want to make sure you have the right email address on file when signing up for these.
How do you do this? From your online account, hover over Accounts and click on Profile Summary.
Add dependents
Your HSA or FSA may cover your dependents’ costs if the dependents are claimed on your tax return.
For medical FSAs, expenses for children through age 26 and spouses are permitted.
For dependent care FSAs, it’s generally used for dependent children through age 12 (or spouses or adult dependent children who are physically and mentally incapable of self-care).
For HSAs, expenses for tax dependents and spouses are covered.
How do you do this? From your online account, hover over Accounts and click on Profile Summary.
Add beneficiaries (for HSA)
An HSA is all yours. Your balance rolls over from year to year, and the account stays with you even if you change jobs. Because an HSA is a “savings” account, you’ll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts.
How do you do this? From your online account, hover over Accounts and click on Profile Summary.
Add a bank account
When you pay out of pocket for HSA or FSA eligible expenses, you want to be reimbursed fast! By adding a bank account to your account, your HSA and/or FSA can reimburse you for out-of-pocket expenses through direct deposit, which is a faster way to be reimbursed.
How do you do this? From your online account, hover over Accounts and click on Banking/Cards.
Check out our knowledge base
If you want to know the answer to something, you can search for it online. Your employee benefits experience should be the same way. We developed our knowledge base with that in mind, so you can easily find answers to questions you have about HSAs, FSAs, commuter benefits, and more!
How do you do this? Click “Get Help” within your online account to view our knowledgebase of help articles. Search for what you need, or peruse articles based on topic.
Review your tasks
The Tasks menu will let you know of any actionable items, such as setting up a bank account for direct deposit and the need to upload documentation for an outstanding FSA claim.
How do you do this? Right after you log in to your online account or the benefits mobile app, you’ll see a “Tasks” menu.
Education is critical to get the most out of your employee benefits. Stay updated on the latest trends and insight by subscribing to our blog!
The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.