In 2026, the IRS explicitly warned consumers about misleading “FSA Eligible” labels, particularly from companies claiming that general wellness items like meal plans or gym memberships can be converted into medical expenses through “letters of medical necessity” obtained via online questionnaires. Retailer “FSA eligible” badges are not a legal guarantee of reimbursement. Eligibility is...
The medical mileage rate has been reduced for 2026! When an automobile is used to obtain medical care, the mileage rate may be deductible under code § 213 if it is primarily for, and essential to, the medical care. Previously $0.21/mile, it is now $0.205/mile. If you have any questions about these changes, please don’t...
For many, winter is as synonymous with snowflakes as it is with sinus problems. Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! We’ve compiled a few common seasonal issues and eligible expenses that can help. Dry nasal passages...
Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan. And any...
Open enrollment performance tracking is important to make sure you have a successful period, ensuring you’re offering your employees the best possible benefits packages and creating a better system for years to come. Communication Engagement Metrics Communication engagement can provide insights into employee satisfaction and level of engagement. If an open enrollment period sees...
Open enrollment is nearly here for many of you. You’re looking to create an atmosphere where employees are engaged, eager to enroll and save money with the benefits you provide. You’ve probably read advice on how to do that, but we’ve got the data to back up a strategy, and it comes directly from your...
The IRS released 2026 limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more. The new 2026 limits are: FSA (medical, limited, combination and post-deductible FSAs) $3,400 per year Medical FSA carryover $680 per year Commuter benefits (mass transit and parking) $340 per month Adoption assistance $17,670 per year QSEHRA Single $6,450 / Family...
According to the World Health Organization, roughly 1 in 6 adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings...
Are you an HSA investor? If you are, then you have a health savings account (HSA). You’ve heard about its investment potential, and you’ve read that an HSA has retirement-planning perks that a 401(k) and IRA don’t have. And you’re investing to grow your funds so they increase at a much higher rate than they...
Missing March Madness? We’ve put together an FSA-eligible expense bracket instead! Which of these eligible expenses would win your bracket?
We have received a number of questions concerning how temporary employee furloughs or reductions in hours because of the COVID-19 virus affects Cafeteria plan benefits. Click here for a general...
Our receptionist, Paula, became a grandma for the first time this week. Congratulations Paula!
As concern grows around COVID-19 (coronavirus), Advantage Administrators wants to ensure our clients, that you and our employees health and safety is our top priority. Our management team is closely...
Those with an HSA have to take a few additional steps when filing taxes. Follow our checklist to ensure you don’t miss anything. If you have an HSA, before...
All three portals (Administrator, Employer, and Consumer) and both Mobile Apps (iOS and Android) will be unavailable during the following time: Saturday, March 14, 3:00 p.m. – 12:00 a.m. Midnight...
Meet our final spring intern, Abu Conteh! Abu is a senior at Wartburg majoring in Business Administration with an economics and finance concentration. He plans to attend grad school in...
March is National Nutrition Month! Consider sharing these nutrition tips with your employees to promote a healthy team. Eat fruits, veggies, and protein for breakfast, and never skip it. Cut...
Fawn has been at Advantage Administrators for over 21 years. She likes working with different employers across Iowa and the Midwest.
If you didn’t spend all of your FSA funds last year, the grace period is almost over! Spend your FSA funds before March 15 to avoid losing them. For FSA...
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