A leading pharmacy benefit manager has shaved its drug trend — the combination of a drug's cost and its usage — to its lowest point in four years, but specialty drug costs are still hard to swallow fo… Read More
Health Savings Accounts are proving to be a worthwhile investment for employers.A recent analysis by the consulting firm Mercer found that the average per-employee cost of HSA-eligible plans is 13% le… Read More
Total health care spending for a typical family of four with solid employer coverage may be just 4.3% higher this year than it was last year.Analysts at Milliman, an actuarial consulting firm, have pu… Read More
A federal court recently ordered an employer, WellStar Health System Inc., to pay $750,000.00 to a former employee’s widow for breaching its fiduciary duty in administering its group life insurance pl… Read More
The use of health savings accounts is on the rise, while the use of health reimbursement arrangements is holding steady, according to United Benefit Advisors’ Special Report: How Health Savings Accoun… Read More
Automation, that demon of American job security, may be the patron saint of retirement savings. The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,50… Read More
While medical cost increases have slowed in recent years, insurers in the U.S. still report trends between 7% and 9% per year, from 2015 to 2017, according to Willis Towers Watson’s 2017 Global Medica… Read More
From student loans and credit card debt to creating an emergency fund and saving for retirement, older millennials are beginning to face similar financial well-being problems as Gen Xers.Financial str… Read More
There are lots of reasons why people get behind in their retirement savings – and one very helpful way that older workers can make up for lost time and catch up.Individuals who are age 50 or over at t… Read More
The annual limit on deductible contributions to a health savings account will jump by $50 in calendar year 2018 for individuals and $150 for families, according to the IRS.For 2018, the annual contrib… Read More
We have partnered with Advantage Benefits Group since the Company’s inception. Advantage does an excellent job as a ‘full service employee benefits agent’ providing us with value based/cost effective employee benefit solutions. They also do an outstanding job in the area of customer service – in fact, their staff refuses to be uninvolved when it comes to making absolutely certain that our benefit plans deliver the value expected. Without question, Advantage Benefits continues to exceed our expectations.
Tim J. Oeschger
Matcor Automotive Inc.
In the almost 35 years I’ve been in Human Resources leadership positions – including stints with two Fortune 100 companies- I’ve never had the pleasure to work with a group of men and women like the ones at Advantage Benefits Group who so consistently meet and exceed our expectations in providing timely and effective guidance in the administration of our benefit plans. I heartily recommend them to any other organizations seeking to establish a more effective relationship with their benefits agents.