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5 Smart Ways to Reduce Healthcare Expenses

5 Jun

How Does an FSA Work for Participants?

2 Jun

Health Savings Account (HSA) Contribution Limits Increase for 2027

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...

13 May

GLP-1 HRAs

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...

22 Apr

Your Dental Expense Eligibility for an HSA or FSA

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...

10 Apr

Six Things to Know if You’re a First-Time Medical FSA Participant

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. ...

25 Mar

Your HSA and Your Tax Return – Four Tips for Filing

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....

12 Mar

Why Adding an FSA Makes an HSA Even Better

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...

26 Feb

Understanding Letters of Medical Necessity for HSAs FSAs and HRAs

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...

Save on Braces with an HSA

January 8, 2019 12:15 pm Published by bethNewsPOsIMT18

For medical and dental expenses not covered by insurance, such as braces, you can use funds from your HSA.

Information Security

January 3, 2019 8:24 am Published by bethNewsPOsIMT18

Advantage Administrators takes extreme precaution when dealing with your personal information, but there are a few steps you can take to help protect yourself further:

FSA Documentation

December 27, 2018 8:35 am Published by bethNewsPOsIMT18

Sometimes when you use your flexible spending account, you’ll be asked for documentation. All this means is that the IRS needs proof that what you purchased was FSA eligible. To...

Happy Holidays!

December 25, 2018 10:09 am Published by bethNewsPOsIMT18

Happy Holidays from the team at Advantage Administrators! Thank you to all of our great clients and partners for a wonderful 2018. We look forward to working with you all...

Year-End FSA Dollars

December 20, 2018 8:51 am Published by bethNewsPOsIMT18

Now’s the time to use up your FSA dollars before the end of the year! Use the code “CBAA5” to get $5 off any purchase at the FSA Store. Remember,...

FSA Store Resources

December 13, 2018 8:35 am Published by bethNewsPOsIMT18

The online FSA Store is for more than just shopping. It also offers tools and resources like educational emails, mobile resources, and an eligibility list to help you get the...

Advantage Administrators Mobile App

December 11, 2018 3:13 pm Published by bethNewsPOsIMT18

Give yourself a gift this holiday season- the Advantage Administrators mobile app! This free app allows you to manage your employee benefits easily, from anywhere. Find it in the Apple...

Congratulations Sue Schlumbohm!

December 6, 2018 3:12 pm Published by bethNewsPOsIMT18

This month marks the 11th year that Sue Schlumbohm has been working at Advantage Administrators. We consider ourselves lucky to have her as part of our team! Thanks for all...

Use your Benefits Plan to Increase your Savings

December 4, 2018 3:09 pm Published by bethNewsPOsIMT18

Do you wish you had a little more set aside this holiday season to put towards gifts and celebrations? Get a jump start on next year’s nest egg by using...

New Financial Health Research

November 29, 2018 3:05 pm Published by bethNewsPOsIMT18

The Center for Financial Services Innovation has released new research on Americans’ financial health. https://wexhealthinc.com/2018/11/theres-a-new-way-to-test-americans-financial-health-and-its-the-most-comprehensive-yet/?fbclid=IwAR3ldAnAoeu76c7ocfkJkQXF-aLvj3gz5L9Yk_Zi2xY6AkrjLxBhrF5pEgM

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