bethNewsPOsIMT18

5 Smart Ways to Reduce Healthcare Expenses

5 Jun

How Does an FSA Work for Participants?

2 Jun

Health Savings Account (HSA) Contribution Limits Increase for 2027

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...

13 May

GLP-1 HRAs

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...

22 Apr

Your Dental Expense Eligibility for an HSA or FSA

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...

10 Apr

Six Things to Know if You’re a First-Time Medical FSA Participant

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. ...

25 Mar

Your HSA and Your Tax Return – Four Tips for Filing

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....

12 Mar

Why Adding an FSA Makes an HSA Even Better

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...

26 Feb

Understanding Letters of Medical Necessity for HSAs FSAs and HRAs

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...

Congratulations Christina!

July 22, 2021 10:14 am Published by bethNewsPOsIMT18 Comments Off

Join us in congratulating Christina Staton on her 4-year anniversary at Advantage Administrators today!

What’s Your Favorite Fair Food?

July 22, 2021 10:13 am Published by bethNewsPOsIMT18 Comments Off

County fair season is winding down in Iowa. The Bremer County Fair will be in Waverly July 25th – July 31st . It has us thinking about our favorite fair...

Christmas in July

July 15, 2021 10:14 am Published by bethNewsPOsIMT18 Comments Off

Our employees are bringing in toiletry donations this week as part of Christmas in July with United Way!

Let’s Chat Feature

July 13, 2021 8:23 am Published by bethNewsPOsIMT18 Comments Off

Are employee benefits questions keeping you up all night? Use our “Let’s Chat” feature to get answers 24/7. Find “Let’s Chat” in the Employee Flex Portal online.

In Memory of Liz Wuertz

July 9, 2021 10:26 am Published by bethNewsPOsIMT18 Comments Off

Today, we are honoring our former colleague Liz Wuertz. She shined a positive light every time she was in the office. She will be missed by many here and throughout...

4th of July

July 4, 2021 10:25 am Published by bethNewsPOsIMT18 Comments Off

Happy 4th of July! What are you doing to celebrate today?

Health Shopper

July 1, 2021 11:37 am Published by bethNewsPOsIMT18 Comments Off

Want to use your HSA or FSA funds, but aren’t sure if the product you want is eligible? Use Health Shopper! Health Shopper has hundreds of eligible products, which link...

Happy Anniversary Fawn!

June 29, 2021 8:08 am Published by bethNewsPOsIMT18 Comments Off

Today we celebrate 23 years of having Fawn Wiebke on the Advantage Administrators team. Happy anniversary Fawn!

Closed July 5th

June 28, 2021 2:10 pm Published by bethNewsPOsIMT18 Comments Off

Advantage Administrators will be closed on Monday, July 5th in observance of Independence Day. We will resume normal hours on Tuesday, July 6th. Have a happy and safe 4th of...

Employees – and You – Benefit from a Benefits Debit Card

June 22, 2021 8:36 am Published by bethNewsPOsIMT18 Comments Off

Helping your employees save doesn’t just benefit them – it helps employers like you, too. Providing employee benefits that are easy to both understand and use will encourage them to...

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