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...
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...
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!
Modern life is all about convenience. We have smart-home systems to help us make everyday tasks around the house easier. Our vehicles can be started remotely with the press of...
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...
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!
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...
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...
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...
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...
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...
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