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...

Congrats Graduates!

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

Congratulations to all of 2021 graduates! You faced a school year like no other, and it’s time to celebrate all of your accomplishments.

HSA Store

May 11, 2021 9:11 am Published by bethNewsPOsIMT18 Comments Off

Don’t waste time at the store trying to figure out which products are HSA eligible. HSAStore.com offers ONLY HSA eligible items and has several HSA resources to help you make...

Welcome Lisa!

May 6, 2021 8:35 am Published by bethNewsPOsIMT18 Comments Off

Welcome to our newest Advantage Administrators team member, Lisa Smith! Lisa is a Lead Administrator in our benefit services department.

Should you Contribute to an HSA or a 401k?

May 4, 2021 10:22 am Published by bethNewsPOsIMT18 Comments Off

When it comes to saving for retirement, a 401(k) might not be the best option. In fact, Health Savings Accounts (HSAs) offer all of the same advantages that 401(k)s do,...

Supporting the Community with Lunches

April 29, 2021 9:29 am Published by bethNewsPOsIMT18 Comments Off

At Advantage Administrators, we like to support our community here in Waverly. One of the ways we do that is by patronizing the Waverly Senior Center’s 506 Café. Once a...

Things to Think About When You’re Looking for an HSA Administrator

April 27, 2021 8:18 am Published by bethNewsPOsIMT18 Comments Off

The only constant in life is change. And change can be difficult, particularly when it comes to healthcare. It’s easy to stick with what you know—familiarity matters—and a majority of...

Welcome Jessica!

April 22, 2021 8:28 am Published by bethNewsPOsIMT18 Comments Off

Please join us in welcoming Jessica Ingham to the Advantage Administrators team! Jessica started yesterday and is a Lead Administrator in the Welfare Benefits Department. Jessica will be providing customer...

FSA Store

April 20, 2021 8:35 am Published by bethNewsPOsIMT18 Comments Off

Finding eligible expenses to spend your FSA funds on is easy! FSAStore.com contains ONLY items that are FSA eligible, and also offers tools like an eligibility list and FSA calculator...

Commuter Benefits

April 13, 2021 9:30 am Published by bethNewsPOsIMT18 Comments Off

Employees choose a company to work for based on the benefits provided. Stand out among the competition by offering a unique benefit- commuter benefits! Commuter benefits allows employees to set...

Happy Easter!

April 4, 2021 8:17 am Published by bethNewsPOsIMT18 Comments Off

Happy Easter! We hope everyone has a “hoppy” day!

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