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...
Both Health Reimbursement Arrangements (HRA’s) and Flexible Spending Accounts (FSA’s) are pre-tax benefits to help pay for medical costs. While both are owned by the employer, they can differ in...
Wow! This month marks Fawn’s 21st anniversary at Advantage Administrators! Thank you for being such a loyal and crucial part of our team.
The Advantage Administrators app offers many benefits- including security. Log in using your fingerprint, so nobody except you can access your information. Once in the app, you can: Check your...
Sleep apnea sufferers- did you know you can buy CPAP cleaning supplies with your FSA funds? For that and any other FSA purchase, visit FSAStore.com and use code “ADVANWEL” to...
Over three quarters of all Americans admit to sometimes being stressed about their finances, with 30% of Americans saying they’re “constantly” stressed about money. With so many of your employees...
Happy 4th of July from your friends at Advantage Administrators!
In general, changes can only be made to your insurance plans at the start of a new year. However, there are a few instances where mid-year election changes are allowed,...
It’s officially summer! Buy your summertime essentials using your FSA or HSA. These items are all eligible, although some require a doctor’s prescription. Sunscreen Bug spray Sunburn creams Lip balm...
In June of 1987, Rod Drenkow founded Advantage Administrators (then known as R.D. Drenkow & Co., Inc.). Help us in congratulating Rod and Advantage Administrators on 32 fantastic years serving...
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