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Buy Prescription Glasses with your FSA

It’s easy to purchase prescription glasses with your flex spending account. Simply visit the FSA Store website to order online.Use code “CBAA5” to get $5 off today! http://bit.ly/2q2LafK

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How Technology has Changed the Employee Benefits Process

Technology has made it easier to communicate with friends around the world, access virtually unlimited information, and even streamline your employee benefits process. With HR software, benefits administrators like us can quickly and easily set up open enrollment and plan renewals. You can visit our website or the Advantage Administrators app to get quick answers...

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Save With an HSA

Health Savings Accounts are a great way to set aside money to cover large or unexpected medical costs. However, they can be a great way to save money and build your retirement fund. Consider taking these steps now to build your HSA: Only spend HSA dollars when necessary- cover regular, smaller medical expenses out of...

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Mid-Year Open Enrollment

Some companies renew their benefits plans mid-year. That means your open enrollment period may be coming up. To find out for sure, talk to your employer or your Advantage Administrators representative.

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IRS Announces HSA 2020 Contribution Limits

Learn more about IRS 2020 HSA contribution limits here! New: IRS Announces HSA and HDHP Contribution Limits for 2020

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WexHealth Spark Conference

Earlier this month, Bonnie and Fawn attended the WexHealth Spark Conference in sunny Miami, Florida. The focus was on health benefits including HSAs, FSAs, and HRAs. They met other TPAs across the country and learned about the latest software upgrades, new legislative happenings, and new educational tools.

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FSA Store Coupon

The FSA Store makes it easy to purchase Flex Spending Account eligible items, such as glucose test strips, ice packs, and reading glasses. Visit FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase today!

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Ideas for Spending Your FSA Funds

Although it’s still early in the year, it’s important to make sure your FSA dollars are getting used, so you don’t have to rush to spend a remainder at the end of the year. Here are a few ideas on what you can use your FSA on: Schedule dental exams, eye exams, or physicals Schedule...

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Cedar Valley Friends of the Family Donation

We love to support our local community. Recently, we collected pillows to donate to Cedar Valley Friends of the Family!

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What is COBRA?

COBRA coverage is an elective benefit which helps to continue your insurance coverage when it would otherwise be lost due to: Voluntary or involuntary termination (in most cases) Hour reduction Death of employee Divorce or legal separation from employee Loss of dependent status Medicare entitlement of employee Employer bankruptcy For more information about COBRA, visit...

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Congrats to Sarah Claiborne

Please join us in congratulating Sarah Claiborne on 14 years at Advantage Administrators! Sarah is an incredible asset to our team. Thank you, Sarah, for all of your incredible work!

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Your HSA Questions, Answered

Employee benefits can be confusing. To help, we’ve outlined a few of the most common questions about HSA’s:   What is an HSA? HSAs, or Health Savings Accounts, are accounts in which you can contribute pre-tax dollars to use on eligible products and healthcare services. It can also be used as a savings account or...

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Iowa Employment Conference

Did you see us earlier this month at the Iowa Employment Conference at Prairie Meadows in Altoona? Advantage Administrators and Fortress Benefits were sponsors at the event!

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Employee Wellness

Good employee wellness can lead to fewer sick days, a higher productivity, and fewer healthcare claims. To encourage wellness, consider offering healthy snacks in the office, wellness programs, competitions or incentives, or even having standing desks for your employees.

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FSA Store Bundles

At the online FSA Store, you can get everything you need with one of their specialized bundles! They have a Foot Care Bundle, a Hi-Tech Health Bundle, a Baby Care Bundle, and much more. Find your bundle and use code “CBAA5” to get $5 off today! http://bit.ly/2q2LafK

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HDHP & Your Employees

If you’d like to offer your organization a high deductible health plan, it can sometimes help to let your employees choose between an HDHP and a PPO for a couple of years first. This gives employees plenty of time to research and hear about the benefits of an HDHP from their coworkers who chose that...

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Business Partner of the Year Award

Today, Advantage Administrators and Fortress Benefits will receive the Business Partner of the Year Award from the University of Northern Iowa Nonprofit Leadership Alliance. The Cedar Valley Nonprofit Luncheon Selection Committee said, “Your remarkable effort to provide care to individuals and to the Cedar Valley stands out in our community and makes a significant impact...

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HSA Benefits for Employers

HSAs are not only a great benefit option for your employees, but employers also benefit from offering an HSA. You’ll see lower premiums, and your contributions to employees’ HSAs are tax deductible.

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Staff Bonding

Work is fun when you work with great people like this! Earlier this month, our staff gathered at Rod and Bonnie’s house for a meal, socializing and a movie- Bohemian Rhapsody!

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Food Bank Donation

The first Friday of each month is food bank donation day at Advantage Administrators. Anyone who brings food donations for the Northeast Iowa Food Bank can wear tennis shoes or flip flops that day. This month we upped the ante by saying the boss would match all employee food donations- 2 food items for tennis...

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Eligible Expense Scanner

If you’d like to make a purchase using your FSA or HSA, but aren’t sure if it’s eligible, download our app! The Advantage Administrators app has an Eligible Expense Scanner that lets you know what you can and cannot use your benefit card on. The Advantage Administrators app is available in the Apple App Store...

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Use your FSA to Buy Spring Essentials

Spring is on its way! Don’t forget you can use your FSA to get warm weather essentials like sunscreen and bug spray. Head on over to FSAStore.com today! Use code “ADVANWEL” to get $10 off your first purchase.

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HSA Mistakes

The biggest mistake you can make with your Health Savings Account is not investing your funds to take full advantage of an HSA’s money-earning abilities. Talk to your Advantage Administrators representative today about how you can invest your HSA funds.

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Happy birthday Jeff!

Today is Jeff Conrforth’s birthday! Jeff is the janitor, and a very valued team member, here at Advantage Administrators. Happy birthday Jeff!

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Use Your Tax Refund Better

It’s always exciting to get a tax refund, but many people end up spending it on necessities- such as healthcare they can’t afford during the rest of the year. Consider using an HSA or FSA during the year so that you can use your tax refund on something else.

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Staff are Like Family

Our staff are helping our janitor put together and set up new cubicles.  At Advantage Administrators, staff are like family.  We work together to help each other.

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Rod Drenkow is a Signature Elite Advisor

Rod Drenkow has achieved Elite status with Ascensus for 2019. As a Signature Elite advisor, his clients will have dedicated access to their award-winning retirement plan service team. We are proud of Rod for being recognized by an organization that helps millions of Americans make the dream of a stress-free retirement a reality, and we...

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What are Commuter Benefits?

How would you like to be paid for your daily commute? Some employers offer Commuter Benefits plans, in which you can designate a portion of your paycheck, pre-tax, to an account that covers public transportation, parking costs, and even bicycle repair. By using those dollars pre-tax, you can save a significant amount. It’s almost like...

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FSA Store Coupon Code

Are you in love with your Flexible Spending Account? Use your FSA funds at the FSA Store to make purchases. Everything on the site is eligible! Use code “CBAA5” to get $5 off your next purchase. Click here to visit the FSA Store.

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Presidents’ Day

Advantage Administrators is closed Monday February 18th in honor of Presidents’ Day

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Pre-Tax Benefits, Explained

There are several benefits options that allow you to use some of your paycheck dollars pre-taxed: Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements are just a few options. Talk to your Advantage Administrators representative to find out how these types of accounts can benefit you.

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Advanced Pension Conference

Our team is always expanding its industry knowledge. Right now, Rod Drenkow is at the FIS Advanced Pension Conference at the Hard Rock Hotel Universal Studios in Orlando learning about industry trends and legislative developments.

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Strategies to Maximize Your Savings This Year

If your New Year’s resolution is to build your savings, then we can help. Taking advantage of benefits like HSA account investments and FSA accounts can actually help you save money. To learn more, contact Advantage Administrators today!

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Incentivize Smoking Cessation

As an employer offering a health plan, it’s in your best interest to encourage employees to stop smoking, and winter is the perfect time. Smokers have a higher risk of getting frostbite than non-smokers, due to their blood vessels not expanding fast enough to warm cold extremities. Consider helping your employees stop smoking by: Making...

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FSA for Cold & Flu Products

It’s winter cold and flu season. Use your FSA debit card to purchase items like prescriptions, thermometers, face masks, hand sanitizer, and more!

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Advantage Administrators Mobile App

Have you downloaded the Advantage Administrators mobile app yet? The app makes it easy to make HSA contributions or distributions and to manage your investments. Download it in the Apple App Store or the Google Play Store today!

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FSA Store

If your benefits reset at the beginning of the year, that means your flex spending account is full! Head over to http://FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase! Don’t forget to share the coupon code!

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Help Your Employees Make the Most of their HSAs

HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.

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Happy anniversary Stacy!

Congratulations to Stacy Jacobs on her two-year anniversary at Advantage Administrators. We don’t know what we’d do without you Stacy!

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Save on Braces with an HSA

For medical and dental expenses not covered by insurance, such as braces, you can use funds from your HSA.

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Information Security

Advantage Administrators takes extreme precaution when dealing with your personal information, but there are a few steps you can take to help protect yourself further:

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FSA Documentation

Sometimes when you use your flexible spending account, you’ll be asked for documentation. All this means is that the IRS needs proof that what you purchased was FSA eligible. To provide documentation, all you need to do is submit your receipt through your online account, the Advantage Administrators app, or through fax or the mail....

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Happy Holidays!

Happy Holidays from the team at Advantage Administrators! Thank you to all of our great clients and partners for a wonderful 2018. We look forward to working with you all again in 2019!

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Year-End FSA Dollars

Now’s the time to use up your FSA dollars before the end of the year! Use the code “CBAA5” to get $5 off any purchase at the FSA Store. Remember, anyone can use the coupon code, even if they aren’t Advantage Administrators clients, so feel free to share with your friends and family! Click here...

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FSA Store Resources

The online FSA Store is for more than just shopping. It also offers tools and resources like educational emails, mobile resources, and an eligibility list to help you get the most out of your FSA dollars. To check it out, visit FSAStore.com today!

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Advantage Administrators Mobile App

Give yourself a gift this holiday season- the Advantage Administrators mobile app! This free app allows you to manage your employee benefits easily, from anywhere. Find it in the Apple App Store and the Google Play Store.

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Congratulations Sue Schlumbohm!

This month marks the 11th year that Sue Schlumbohm has been working at Advantage Administrators. We consider ourselves lucky to have her as part of our team! Thanks for all of your hard work and dedication Sue!

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Use your Benefits Plan to Increase your Savings

Do you wish you had a little more set aside this holiday season to put towards gifts and celebrations? Get a jump start on next year’s nest egg by using your benefits, like FSA and HSAs, to their full advantage. For more information, contact Advantage Administrators today.

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New Financial Health Research

The Center for Financial Services Innovation has released new research on Americans’ financial health. https://wexhealthinc.com/2018/11/theres-a-new-way-to-test-americans-financial-health-and-its-the-most-comprehensive-yet/?fbclid=IwAR3ldAnAoeu76c7ocfkJkQXF-aLvj3gz5L9Yk_Zi2xY6AkrjLxBhrF5pEgM

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Wex & 2019 Annual Cost-of-Living Adjustments

On November 15th, 2018, IR-2018-222 of the Internal Revenue Service (IRS) announced the 2019 annual cost-of-living inflation adjustments, which included increased limits for flexible spending accounts (FSAs), transportation fringe benefits, and qualified parking expenses. A summary of the 2019 IRS contribution limits and their impacts on health benefit accounts is provided below and is summarized in the 2019...

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What We’re Thankful For

This Thanksgiving, the team here at Advantage Administrators is thankful for so much- our clients and participants, our partners and consultants, our employees, and of course, our family and friends. Have a safe and happy holiday!

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Benefits of a Dependent Care Flexible Spending Account

Many healthcare plans offer the option of putting aside money into a Dependent Care Flexible Spending Account, or DCA. This money isn’t taxed, which could save you as much as $1,500 each year for childcare or dependent care costs! For more information on the benefits of using a DCA, contact your Advantage Administrators representative today!

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2019 IRS Cost-of-Living Adjustments Announced for FSA and Commuter Benefits

Just Announced! Yesterday, the IRS announced an increase in the limit for medical Flexible Spending Accounts (FSA) to $2,700 for 2019, up $50 from 2018. This increase will allow those with a FSA plan to put away even more pre-tax dollars toward medical expenses and approved products. For additional information about this announcement, click below,...

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FSA Store

Use the code “ADVANWEL” to get $10 off your first purchase at FSAstore.com! Share with your friends- anyone can use the coupon code, even if they aren’t Advantage Administrators clients.

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Combining Your HSA With a Limited FSA

Employees taking advantage of a Health Savings Account (HSA) aren’t eligible to also participate in a Flexible Spending Account (FSA). However, they are eligible for a limited FSA- where pre-tax dollars can be used for specific dental, vision, and preventative expenses. For more information about limited FSA’s, call your Advantage Administrators representative today!

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2019 401K Limits

We’ve got good news for employees- last week, the IRS increased pre-tax contribution limits for employees with 401(k) plans from $18,500 to $19,000! For more information, contact your Advantage Administrators representative today.

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FSAs: You Don’t Have to Use It or Lose It

Did you know that as an employer, you can offer your employees a Flexible Spending carryover, so they don’t have to use all of their flex spending before the end of the plan year? With this more flexible Flexible Spending Account, more employees are likely to enroll! Call us today to learn more about setting...

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Pumpkin Decorating

We had a spooky day on Friday decorating pumpkins!

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2019 Open Enrollment

The open enrollment period for 2019 health insurance runs from November 1- December 15, 2018. The experts at Advantage Administrators are here to help with plans, HSAs, FSA, and everything else. Visit http://bit.ly/2xaZ6YW for resources or call us today.

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FSA Coupon

Have you checked out the online FSA Store yet? Now’s a great time, because if you follow this link and enter the code below, you can get $5 off your purchase! http://bit.ly/2q2LafK

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Liz Wuertz Anniversary

Congratulations to Liz Wuertz on her 2-year anniversary at Advantage Administrators! We are glad to have you as part of our team!

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Open Enrollment Deadline

Open enrollment starts in just 16 days- do you know your benefits? Visit http://bit.ly/2xaZ6YW for explanations of FSA, HSA, HRA, and more. Still have questions? Contact your Advantage Administrators representative today!

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Waverly Oktoberfest 2018

Guten tag! Here are a few of our favorite photos from Oktoberfest a couple weeks ago.

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Advantage Administrator’s Mobile App

Advantage Administrator’s mobile app is an easy, convenient way to manage your insurance benefits. This video gives an overview of how to use the app and the various tasks you can complete in it.    

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IRS Non-Discrimination Testing

As an employer, you are required by the IRS to complete non-discrimination testing for any benefits plan that allows employees to use pre-tax income in an account, such as a flex-spending account. For more information about this non-discrimination testing, contact Advantage Administrators today.

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Congratulations Kala Meihost!

This month we celebrated Kala Meihost’s 1-year anniversary at Advantage Administrators! We look forward to many more years of Kala’s great work.

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Congratulations Cathy Pruin!

Congratulations to Cathy Pruin on her 4-year anniversary at Advantage Administrators! Cathy is a valued member of our team and we appreciate all of her hard work.

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FSA Store

Is it a hassle to try to find out what’s eligible to be purchased with your flex spending account? At the online FSA Store, you can rest assured that everything on the site is eligible, and the site is open to everyone, not just Advantage Administrators clients! Use the coupon code “ADVANWEL” to get $10...

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Open Enrollment

Many employers feel that few of their employees adequately understand their health benefits packages. Advantage Administrators can help prepare your employees for open enrollment by explaining health plans and perks such as flexible spending accounts, as well as providing resources and assisting with planning to ensure that each of your employees is getting the plan...

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New Mobile App Eligible Expense Scanner

This scanner is available through a collaboration of WEX Health and the Special Interest Group for IIAS Standards for benefit card use. These items are generally covered under your Standard Health FSA and Health Savings Accounts, but may not be covered under your Health Reimbursement Account (HRA) or a Limited Health FSA. Please check with...

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3 Ways to Help Your Employees Manage Their Healthcare Expenses

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options the employee benefits...

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IRS announces family contribution changes for HSAs

Today, the IRS published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19.Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900. We are in the process of updating Wex Health Administration, Portal and Mobile with the new limits. This change came as...

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How to check your Flex debit card balance

There are three ways for an employee to check their Flex Visa Card balance: 1. Call our office (1-800-383-1623) 2. Access your online account 3. Use the app, Advanatage Administrators, on your smart phone Here is some information on how to log onto your Online Portal and what to do if you are locked out....

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