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...
According to a 2021 survey conducted by the ASPCA, one in five American households adopted a cat or a dog. With many employees having returned to the workplace after working...
Open enrollment comes around once a year. Communication about benefits often comes shortly before the enrollment period begins. Why not keep the dialog going year-round? Sharing tips and tricks on...
How is your HSA versus your 401(k) versus your IRA shaping up for retirement planning? Retirement planning is a lot easier when you imagine what you want it to be...
Many people have heard of COBRA, but what is it? COBRA is a way for an individual to keep their health insurance coverage if they have experienced a job loss...
Open enrollment can be confusing to navigate and hard to comprehend. Understanding what is being offered will help individuals determine what is best for themselves and/or their families. According to...
Recently, President Biden advised Congress of his plans to end the two COVID-19 emergencies as of May 11, 2023. What this means from a COBRA and employee benefits stand point...
For many, winter is a wonderful time of year. For others, it’s a season filled with sinus problems and colds. If winter is a time when you are frequently ill,...
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...
Benefits can be a deciding factor on whether an employee stays within a company or decides to move on. In order to stay competitive, more and more companies are looking...
Just a reminder that Advantage Administrators will be closed Monday, January 2nd for the new year holiday. We will resume normal hours on Tuesday, January 3rd.
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store