September Advisor Newsletter
Balancing Automation in Business Operations
As an entrepreneur, I occasionally like to take a detour from discussing the benefits of our services and instead share my personal experiences and lessons learned along the way. Due to some changes recently in our accounting department, I stepped in temporarily to help bridge the gap.
My time knee-deep in the financial function of our business led me to a surprising realization: even in accounting, innovation plays a pivotal role. It's become clear to me that everyone, regardless of their role, can influence the work environment and streamline processes for the better.
Understanding the Difference Between Utilization & Bank Rec Reports
In the realm of managing employee benefits, it's crucial for businesses to stay informed about the utilization of their benefits plans and financial transactions. Two fundamental myHSA reports play a pivotal role in this process: the Utilization Report and the Bank Rec Report.
All about myFlexplan
Switching from myHSA to myFlexplan
So, your client is thinking about moving from a myHSA to a myFlexplan and the broad scope of benefits it provides. Sure, the myHSA is a great option, but myFlexplan is super customizable, and the employees can choose how to optimize their benefits in a way that is perfect for them.
myFlexplan Allocation: A Complete Guide
myFlexplan is taking the spotlight as our fastest-growing plan type (because it's amazing), but with myFlexplan comes a term that might be new to employees: "Allocation."
Important Notices for September
Exciting News 🔥
In November, we’re elevating our customer service to new heights! While we introduce AI for an even smoother and more personalized support experience, rest assured that our commitment to having human agents available for you remains steadfast. Stay tuned for the big reveal!
Future Plan Changes
For future-dated class updates - such as an increase in plan amount for an upcoming renewal, please contact Support@getmyhsa.com for assistance. Although this feature was previously available to advisors, it is temporarily paused for enhancement. Please note that any previously scheduled changes will not be affected
Multi-Factor Authentication Update
To enhance security, we introduced Multi-Factor Authentication (MFA) to Advisor and Referral Partner Logins.
MFA was officially rolled out as a mandatory step in the login process on September 5th, 2023. If you would like more information about MFA, you can reach out to our support team using the live chat icon on our website, or email firstname.lastname@example.org.
Beat the Renewal Rush
Meet with your clients ahead of time to schedule changes that are to happen at renewal. Most plan changes can be scheduled early, so they happen automatically at renewal! To learn how to schedule changes ahead of time, please reach out to us at email@example.com.