Key takeaways – 2025 HSA contribution limits The Internal Revenue Service (IRS) has announced updated Health Savings Account (HSA) contribution limits and High-Deductible Health Plan (HDHP) requirements for 2027. These annual adjustments allow individuals and families to set aside additional tax-advantaged dollars for qualified healthcare expenses. 2026 & 2027 HSA Contribution Limits Coverage Type 2026...
Medical cost trends have risen by 10% since 2022. But the cost trend for Rx is over 17% for the same period. Much of this increase in Rx is due to exploding sales for GLP-1s (such as Ozempic, Wegovy, Zepbound and Rubelsus) for use as weight loss drugs, driving costs to unsustainable levels for both...
Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses. We answer a few common dental-related questions as it relates to your HSA or medical FSA. Can...
Did you recently elect to participate in a medical flexible spending account (FSA)? If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time medical FSA participant should be aware of to take full advantage of their FSA. ...
The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2025. We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. These will help you get organized and prepared for easy and successful filing....
Saving, investing and retirement planning. These are just three of the perks you’ll experience when you participate in a health savings account (HSA). To be eligible for an HSA, there are only a few requirements, with two of the big ones being that you must be covered by a high-deductible health plan (HDHP), and you...
When managing pre-tax health accounts such as HSAs, FSAs and HRAs, it is easy to assume that all medical expenses automatically qualify for reimbursement. However, some services and products require additional documentation before they are considered eligible. That documentation is called a Letter of Medical Necessity. If you or your employees have ever been asked...
Americans now use debit cards more frequently than cash when making purchases. Providing a benefits debit card to your employees can make it easier and more convenient for them to...
We’re getting into the holiday spirit here at Advantage Administrators! We have plenty of holiday decorations around the office, and every Friday in December we bring in treats to share!
An employer has several options when it comes to benefit plans to reimburse their employees for out-of-pocket medical expenses. This chart helps explain the different types of medical expense reimbursement...
How is a limited FSA different from a regular FSA? Watch our video to find out!
Sue Schlumbohm has been with Advantage Administrators for 13 years today! Happy work anniversary Sue!
Funds from a Dependent Care Flexible Spending Account can be used to care for children, disabled dependents, or a disabled spouse. For more information, watch this video.
This year has been rough, but we still have a lot to be thankful for! Happy Thanksgiving!
Open enrollment can be a stressful time for your employees, especially when it hits at the same time as the holidays, and this year, in the midst of a global...
As the calendar year wraps up, so do your employees’ flexible spending accounts (FSAs). FSAs are use-it-or-lose-it accounts, and there are limits on how much of these funds (if any)...
Sprucing up the outside of the building on a beautiful November day before the white snow flies.
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