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...
According to the Bureau of Labor Statistics, employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. With rising healthcare costs, your business is most likely struggling to solve this key problem: how to maintain financial stability while providing robust benefits to your employees. But what solutions can actually provide benefits...
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. ...
Are you an HSA investor? If you are, then you have a health savings account (HSA). You’ve heard about its investment potential, and you’ve read that an HSA has retirement-planning perks that a 401(k) and IRA don’t have, and you’re investing to grow your funds so they increase at a much higher rate than they would in an HSA’s cash account. But even the savviest investors can get more out of their accounts.
Simplify investment monitoring
Some HSA investors check their investments every day. Others prefer to check quarterly. The quality of your investment checks and balances matters much more than the frequency. No matter the timing, when looking over your investments, make sure to:
If you participate in an HSA with Advantage Administrators, you can easily check your investments by logging into your online account, clicking the “Accounts” tab, then choosing “Investment Summary” or by logging into our mobile app and clicking on “View HSA Investments.”
Adjust your HSA investment goals
Your financial needs can change, which may result in the need to adjust your investment goals. That’s natural, since an HSA is especially useful in preparing for retirement healthcare costs and the estimate for what retirees need to cover healthcare costs changes annually.
It’s important for an HSA investor to have tools and resources available to help you adjust your investment strategy. Our HSA investment guidance tool helps you set and achieve your investment goals, giving you the ability to:
Lean on HSA investor automation for a hands-off approach
If you’re an HSA investor who is playing the “long game” with your investment strategy, we have good news! While there are bull and bear markets, the stock market has gone up much more often than it has gone down throughout its history. For example, the annual rate of return for stocks in the S&P 500 is 10%. Your investments fluctuate day to day and year to year but, over time, the good years have more than made up for the bad ones.
If you’re in it for the long haul, we make it easy for you to make the most of automation. Within your online account, you can set your HSA to automatically transfer funds from your cash account to your investment account (in $100 increments) when your cash balance reaches a threshold of your choosing.
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 investment, legal or tax advice. For legal or tax advice, you should consult your own counsel.
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