For most of you, a new plan year has begun! And 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...
Open enrollment is an important time for HR professionals and employers, since it’s the moment employees make decisions that impact their health, finances and overall wellness for the coming year. However, the work doesn’t end when open enrollment closes. Post-open enrollment strategies are essential for ensuring employees are engaged, informed and set up for success....
For many, winter is as synonymous for snowflakes as it is for sinus problems. Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! We’ve compiled a few common seasonal issues and eligible expenses that can help. Dry Nasal Passages...
Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs, so let’s tackle what really happens to your HSA when you change employers. You Have Options HSA...
As we enter another season of open enrollment, one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer HSA...
When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In this blog we explore all the unknown voluntary benefits terms and bring clarity of information to first-time...
The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation. 2025 Medical FSA Contribution Limits (including limited and combination FSAs) 2024: $3,200 per year 2025: $3,300 per year 2025 Medical FSA...
If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?...
Whether you’re transitioning from your parents’ insurance, landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For starters, let’s look at a few considerations when evaluating health...
For most of you, a new plan year has begun! And 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 a benefits plan at Advantage Administrators.
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? You can download the Advantage Administrators mobile app from the Apple Store or the Google Play Store. Learn more about our app by clicking here!
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 to 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. And 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.
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 account.
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 Knowledgebase
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 knowledgebase 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 or uploading documentation for an outstanding FSA claim.
The information in this blog post is for educational purposes only. It is not investment, legal or tax advice. For legal or tax advice, you should consult your own counsel. To stay up to date on benefits trends and insights, subscribe to our blog.
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