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...
Flexible spending accounts (FSAs) provide you with a smart way to save money on healthcare and dependent care expenses (depending on the type of FSA you’re enrolled in). When you participate in an FSA, you’re putting money aside before it is taxed so you can save on eligible expenses. However, you may have a number...
Congratulations, benefits professionals! You’ve accomplished another year’s open enrollment! Whether you survived or thrived, you have an opportunity to lead your organization’s benefit evaluation. It’s time to charge full speed ahead with your open enrollment aftermath strategy. By analyzing what went right and what could be improved, you can help ensure an easier, more effective...
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...
Today, we honor all veterans who have put their life on the line for our country. Thank you.
Sometimes we let loose on Fridays and take a break with Minute to Win It games!
The IRS has just announced tax inflation adjustments for the tax year 2020. Under IR-2019-180, the Health Flexible Spending Account contribution limit was raised $50 from $2,700 in 2019 to...
HSAs are awesome! The money is always available to you, and if you let the money to grow, it can be a great way to save for the future. Watch...
We wore pink to observe Breast Cancer Awareness Month in October. #BreastCancerAwarenessMonth
Get spooky good savings when you get an HSA or FSA during open enrollment season!
Did you see us at Oktoberfest a few weeks ago? Advantage Administrators and Fortress Benefits had a lot of fun with our duck race game!
Happy HSA Awareness Day! Many Americans are unaware of the varied benefits that a health savings account offers. Here’s why some of our clients love their HSAs! Why do you...
Many people are worried about having enough money in retirement, especially with the rising cost of healthcare. Escalating healthcare costs are having a devastating effect not only on Americans’ financial...
Did you know that starting next year, you can deposit up to $3,550 (for an individual) or $7,100 (for a family) TAX FREE into your HSA account? To learn more...
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store