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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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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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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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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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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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