The IRS recently announced the 2026 Limits for HSAs, HDHPs and EBHRAs! Learn more about these limits below! The new 2026 limits are: HSA Annual Contributions Single $4,400 per year Family $8,750 per year HDHP (self-only coverage) $1,700 minimum deductible $8,500 out-of-pocket limit HDHP (family coverage) $3,400 minimum deductible $17,000 out-of-pocket limit EBHRA $2,200 ...
Employee benefits are a critical component of workplace satisfaction and overall wellness. However, traditional benefits programs are often riddled with complexity, making it challenging for employees to fully understand and utilize their options. Simplification is the key to driving better engagement, increasing participation and reducing administrative burdens for HR teams. This is the first part...
Tax season is in full swing and as the April 15 filing deadline approaches, employees are looking for ways to maximize their savings. One often-overlooked strategy? Taking full advantage of pre-tax benefits. These employer-sponsored programs can help you reduce your taxable income and keep more of your hard-earned money. What are Pre-Tax Benefits? Pre-tax...
When it comes to using pre-tax health accounts like health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), you may assume that all medical expenses are automatically covered. However, certain expenses require additional documentation to be considered eligible. That’s where a letter of medical necessity (LMN) comes in. If you’ve ever...
March is Women’s History Month, a time to celebrate the achievements of women across industries—including finance. While women have made incredible strides in wealth-building and financial independence, there are still areas where confidence lags. One of those areas is investing in health savings accounts (HSAs). Despite their powerful benefits—including triple-tax advantages, long-term savings potential and...
With the 2024 U.S. election potentially leading to significant shifts in employment laws and employee benefits, it’s crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Employers who proactively...
February is Heart Health Awareness Month, a time to focus on cardiovascular wellness and encourage employees to take proactive steps toward a healthier heart. Heart disease remains the leading cause of death in the U.S. but the good news is that lifestyle changes, preventive care and employer-sponsored benefits can make a significant impact. By leveraging...
For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA) or any...
Open enrollment is an important time for HR professionals and employers, since it’s the moment employees make decisions that impact their health, finances and overall wellness for the coming year. However, the work doesn’t end when open enrollment closes. Post-open enrollment strategies are essential for ensuring employees are engaged, informed and set up for success....
Yesterday we collected school supplies to be donated to area schools including WSR, Oelwein, North Butler and Clarksville.
As you start to get the kids ready for the new school year, you’re likely scheduling physicals for school and sports. Don’t forget that these appointments are FSA and HSA...
We’ve got more garden and flower photos! How are your plants doing in this heat?
Thinking of changing your HSA administrator mid-year? This can seem daunting, but Advantage Administrators can make it easy and worry-free. We will minimize the disruption of your plan and provide...
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!
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