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...
What Christina loves about working at Advantage Administrators is that she’s always learning new things.
One of the best things about summer is the beautiful flowers and plants. Here are some photos our staff shared of their gardens. Show us your gardens in the comments!
Tis’ the season for vacations! Before you hit the road, pick up travel essentials like a travel first aid kit, sunscreen, and bandages using your benefits account from FSAStore.com or...
Waverly-Shell Rock Area United Way is hosting Christmas in July! Please consider donating. Items can be dropped off at the Waverly Life Church.
Please wear a mask. COVID is spreading quickly again and wearing your mask keeps others safe.
Our office will be closed Friday, July 3rd for Independence Day. We will return Monday, July 6th with regular hours. Have a happy holiday weekend!
Over half of Americans have less than $1000 saved for retirement. Get your savings on the right track by using an HSA to save and invest. Talk to your Advantage...
Health Savings Accounts are a powerful tool for retirement planning, but we know that sometimes investing can feel intimidating. Planning for retirement can seem overwhelming, but Advantage Administrators is here...
Advantage Administrators will be closed Tuesday 6/23/2020 from 2:30 pm – 5:00 pm due to Waverly Light and Power installing new electrical lines to our building. Our telephone , fax...
If you missed the Community Anti-Racism Prayer Vigil this week, you can watch the entire thing here!
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