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...
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...
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...
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. ...
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....
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...
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...
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...
Kala, our jack of all trades, loves the small company atmosphere at Advantage Administrators. Hear more in her video!
With many HSA providers, your money goes into a traditional bank. At Advantage Administrators, your money goes into an investment account, which can grow your savings at a much faster...
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