The time is now to disrupt open enrollment! While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan. With a few years of digital open enrollments behind us, it is key to identify barriers...
We’re halfway through the year—have you checked in on your employee benefits? If you’re like many employees, you might only think about benefits during open enrollment. But taking a mid-year look at your benefits can help you maximize your options, adjust to any life changes, and plan ahead. Here’s why this check-in is important and...
Congress passed and President Trump has signed into law the One Big Beautiful Bill Act – and it’s a game changer for health savings accounts (HSAs). In a recent episode of the WEX podcast, Chris Byrd, WEX Health & Benefits senior vice president, breaks down the most impactful provisions of the bill, including expanded health...
In today’s world where financial security feels increasingly elusive, Gen Z and millennials are rewriting the playbook on how they save, spend and invest. Yet, one of the most underutilized tools in their financial arsenal is the health savings account (HSA). Despite its potential to revolutionize both short-term healthcare spending and long-term wealth building, many...
The IRS requires flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum detailing medical expense claim substantiation for medical FSAs and dependent care FSAs. That’s...
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. Below we answer a few common dental-related questions as it relates to your HSA or medical FSA. ...
Rising healthcare costs are a growing concern for employees and employers alike. With premiums, deductibles and out-of-pocket expenses increasing, employees may struggle to afford necessary care. As an employer, you have the power to support your workforce by providing cost-saving solutions and promoting smarter healthcare decisions. Here’s how you can help employees navigate and reduce...
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...
If you need to submit FSA and HSA documentation, you can simply take a photo of your receipts using the Advantage Administrators mobile app. Download it today in the Apple...
Advantage Administrators will be closed Monday, September 2 in observance of Labor Day. We will resume normal hours on Tuesday, September 3.
The online FSA Store is filled with FSA-eligible items, and it’s open to everyone- not just Advantage Administrators clients! Visit this link and use code “CBAA5” to get $5 off...
Health Savings Accounts are wonderful benefits for both employers AND employees. HSAs are only available to those with a high-deductible health plan, which costs less for employers. Contributions made by...
Last week, we were happy to clean out the office while also helping a good cause. All metal was donated to the St. Paul’s Lutheran Church and School’s scrap metal...
Advantage Administrator’s, Financial Institution, State Bank will be completing a merger with Fidelity Bank & Trust later this week. We will be experiencing a delay with our electronic banking files...
The easiest way to learn about, shop for, select, and purchase HSA/FSA eligible retail items. We at Advantage Administrators are pleased to announce the availability of Health Shopper, an e-commerce...
Recently we partnered with Fortress Benefits to collect school supplies to donate to St. Paul’s Lutheran School. Have a great school year!
You don’t have to spend all of your time managing your employee benefits. With the Advantage Administrators app, you can view account balances, submit documents, and check purchase eligibility on...
July marks Christina Staton’s 2nd anniversary at Advantage Administrators! She is an integral part of our team, and we admire her dedication to her job.
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