Blog Articles
Expert insights, our take on technology, and industry news.
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October 28, 2024
How AI is Improving HSA Asset Transfers
Elevate uses AI to process HSA transfers, cutting the time it takes for customers to receive their money. Using automation, Elevate processed $8M in incoming HSA assets in minutes.
Blog Post
September 17, 2024
Award Alert: Elevate’s Brian Strom wins Outstanding Tech Innovator Award
Elevate's CTO was named a top tech innovator. See how he did it.
Blog Post
August 30, 2024
Elevate Research Findings: AI and Modernization Trends
Elevate surveyed 150 HR and benefits leaders. See what they had to say about their benefits technology.
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July 18, 2024
Feeling the Burn? Dependent Care FSAs are Failing Everyone. Here’s How to Fix Them.
Dependent care flexible spending accounts (DCFSAs) are designed to help workers save on childcare costs (including summer camps!), but outdated systems and user frustration mean many are leaving valuable tax savings unused. Elevate makes the entire FSA experience—both dependent care and health care FSAs—intuitive and user-friendly for participants.
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July 15, 2024
Accelerating the Claims Process
If there was a way to cut not just days, but weeks off your work processes…wouldn’t you do it? Elevate has done it.
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June 20, 2024
Automation In Action: Eliminating the “Manual” Every Step of the Way
There's a dirty little secret about consumer directed benefits administration—there's a LOT of manual work. At Elevate, we have built automation into all aspects of benefits administration. In this blog, we explore how automation impacts claims processing, participant coaching, account funding, and more.
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June 3, 2024
We Won! Elevate Receives 2024 HR Tech Award for AI Innovations in Employee Benefits
Elevate recently won the Best Advance in Practical AI in the 2024 HR Tech Awards. See how we did it.
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May 30, 2024
Breaking Down the Increase in HSA Contribution Limits for 2025
HSA contribution limits are set to increase in 2025 (so are HDHP limits). Here's how benefit admins, TPAs, and PEOs should prepare.
Blog Post
April 15, 2024
The FSA Death Spiral: Complexities Erode Account Usage
For millions of Americans, flexible spending accounts (FSAs) are a lifeline to accessing affordable healthcare. However, FSAs have been plagued by complexities and administrative burdens, which can cause eligible employees to decline the benefit.
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April 2, 2024
How We Built the Strongest Modern Tech Solution
Does the lean startup approach pay off? Elevate co-founders think a more substantial model is the only way forward.
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April 2, 2024
Recent BaaS Shake-up Shines a Light on Industry Weakness
There’s been surge of banking related activity impacting the platform providers behind consumer benefit accounts, highlighting potential risks faced by select newer platform providers.
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March 4, 2024
Why You Need a Partner with Workflow: How Modern Tech Solutions Erase Administration Pain Points
HSA, FSA, and HRA administrators frequently hear a few painful words from their technology platform partners: “days” “cutoff” “later” “stuck” and “years.” With Elevate's workflow-based platform, we use words like: “now” “already” “seconds” “real-time” and “next”. See the difference.
Blog Post
February 13, 2024
CIP Headaches Begone!
Elevate’s modern system eliminates the antiquated timelines of the past by immediately processing enrollment and enabling applicants to clear regulatory hurdles right away. Employees who don’t pass the CIP review receive immediate notification and simplified instructions to quickly resolve their situation.
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January 29, 2024
Fraud and Consumer Benefit Accounts: Expert Tips, Trends, and Tech Advancements
Consumer benefit accounts have gained widespread popularity, giving employees greater control over their healthcare expenses and employers a tax-advantaged way to expand benefits. However, the rise of these accounts also attracted the attention of people looking to exploit these financial resources.Â
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December 11, 2023
Lifestyle Plans: The business case for lifestyle accounts
Lifestyle spending accounts (LSAs) are a popular trend in today’s employee-centered workplace, and they still have significant growth potential. In a recent Mercer study, less than 10% of employers who responded said they offer LSAs today, but 70% are considering adding an LSA to their benefits package.
Blog Post
November 27, 2023
Psst TPAs! Your HSA Tech Partner May Be Taking Your Revenue
Health savings accounts (HSAs) have gained popularity across workers and benefits teams alike. However, there is a not-so-secret industry secret: hidden costs associated with many HSA programs can significantly impact not only account holders' balances —but if you are a TPA offering HSAs as part of your solution suite— your business long term.
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October 30, 2023
Meet the Minds Behind the Movement: Brian Cosgray and Brian Strom
Co-founder and CEO Brian Cosgray, and co-founder and Chief Technology Officer Brian Strom (The Brian Team) reflect on their achievements with the company they dreamed up that day: Elevate.
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October 16, 2023
Say Goodbye to Plan Design Hassles: Elevate's Smart Tech Slashes Time, Costs, and Errors
Access to powerful plan design tools can mean the difference between a streamlined process and a logistical nightmare. In this blog, we explore the benefits of efficient plan designs and how they can make your job easier.
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October 16, 2023
The Top Three Ways APIs are Radically Changing the Consumer Account Industry
Today’s consumer account administrators—health plans, financial institutions, TPAs, and benefit admins—are struggling to differentiate their HSA, FSA, and HRA solutions in a crowded market. The ones most likely to win industry share are those embracing tech innovations that remove friction for employer clients and their plan participants.
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August 15, 2023
A Better Way to HRA: Complex Accounts Made Easy (and More Profitable!)
Elevate simplifies even the most complex plans with a one-two technology punch
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August 15, 2023
Let’s Get Modern: Consumer Convenience Prioritized with Digital Reimbursement
The industry is familiar with reimbursement hassles for benefits accounts like flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and even health savings accounts (HSA).
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August 7, 2023
Still Driving in the Slow Lane? Elevate Cuts Your Client Setup Time by 17 Weeks
When competing for employer HSA, FSA, and HRA business in the crowded consumer benefits space, the ability for administrators to differentiate their solutions becomes paramount. Equally critical is the internal pressure to scale quickly and efficiently.
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June 20, 2023
AI or Die: The Crucial Choice That Will Define the Future of Companies
In today's dynamic business landscape, the advent of artificial intelligence (AI) has sparked a seismic shift in the fortunes of companies across various industries. The choice to either embrace or disregard AI technology is becoming a critical factor that determines the destiny of organizations.
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June 6, 2023
Where’s Their Electric Car?
In a 2008 interview with Elon Musk, the interviewer asked Musk about competing against major car companies with massive resources. How could an industry newcomer dare to compete against established manufacturers that dominate the market?
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May 23, 2023
HSA 2024 Limits: Inflation Drives Significant Increase
Every year, the Internal Revenue Service (IRS) establishes inflation-adjusted limits for health savings accounts (HSA). Thanks to recent high inflation, increases for 2024 deliver the largest-ever jump in limits.
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