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...
Although it’s still early in the year, it’s important to make sure your FSA dollars are getting used, so you don’t have to rush to spend a remainder at the...
We love to support our local community. Recently, we collected pillows to donate to Cedar Valley Friends of the Family!
COBRA coverage is an elective benefit which helps to continue your insurance coverage when it would otherwise be lost due to: Voluntary or involuntary termination (in most cases) Hour reduction...
Please join us in congratulating Sarah Claiborne on 14 years at Advantage Administrators! Sarah is an incredible asset to our team. Thank you, Sarah, for all of your incredible work!
Employee benefits can be confusing. To help, we’ve outlined a few of the most common questions about HSA’s: What is an HSA? HSAs, or Health Savings Accounts, are accounts...
Did you see us earlier this month at the Iowa Employment Conference at Prairie Meadows in Altoona? Advantage Administrators and Fortress Benefits were sponsors at the event!
Good employee wellness can lead to fewer sick days, a higher productivity, and fewer healthcare claims. To encourage wellness, consider offering healthy snacks in the office, wellness programs, competitions or...
At the online FSA Store, you can get everything you need with one of their specialized bundles! They have a Foot Care Bundle, a Hi-Tech Health Bundle, a Baby Care...
If you’d like to offer your organization a high deductible health plan, it can sometimes help to let your employees choose between an HDHP and a PPO for a couple...
Today, Advantage Administrators and Fortress Benefits will receive the Business Partner of the Year Award from the University of Northern Iowa Nonprofit Leadership Alliance. The Cedar Valley Nonprofit Luncheon Selection...
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store