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...
This Thanksgiving, the team here at Advantage Administrators is thankful for so much- our clients and participants, our partners and consultants, our employees, and of course, our family and friends....
Many healthcare plans offer the option of putting aside money into a Dependent Care Flexible Spending Account, or DCA. This money isn’t taxed, which could save you as much as...
Just Announced! Yesterday, the IRS announced an increase in the limit for medical Flexible Spending Accounts (FSA) to $2,700 for 2019, up $50 from 2018. This increase will allow those...
Use the code “ADVANWEL” to get $10 off your first purchase at FSAstore.com! Share with your friends- anyone can use the coupon code, even if they aren’t Advantage Administrators clients.
Employees taking advantage of a Health Savings Account (HSA) aren’t eligible to also participate in a Flexible Spending Account (FSA). However, they are eligible for a limited FSA- where pre-tax...
We’ve got good news for employees- last week, the IRS increased pre-tax contribution limits for employees with 401(k) plans from $18,500 to $19,000! For more information, contact your Advantage Administrators...
Did you know that as an employer, you can offer your employees a Flexible Spending carryover, so they don’t have to use all of their flex spending before the end...
We had a spooky day on Friday decorating pumpkins!
The open enrollment period for 2019 health insurance runs from November 1- December 15, 2018. The experts at Advantage Administrators are here to help with plans, HSAs, FSA, and everything...
Have you checked out the online FSA Store yet? Now’s a great time, because if you follow this link and enter the code below, you can get $5 off your...
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