COVID-19

5 New Expenses Eligible for Your HSA & FSA Funds

When you participate in a Health Savings Account (HSA) and/or Flexible Spending Account (FSA), you’re able to contribute pre-tax funds for use on hundreds of eligible expenses. Recently, you gained even more flexibility in your ability to save when the CARES Act was signed into law. This new legislation expanded the list of expenses that are considered eligible...

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Health Shopper Updates

The CARES Act was signed into law on Friday, March 27th, 2020 as an additional piece of legislation crafted to help Americans during the COVID-19 pandemic. For your convenience, we’ve outlined a few of the highlights below: • OTC (over-the-counter) products as eligible expenses. The CARES Act permanently reinstated over-the-counter products as eligible expenses for...

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New Eligible Expenses

The recent CARES Act enacted by the U.S. government granted HSA and FSA eligibility to new products, including over the counter (OTC) medications and menstrual products. Watch our video to learn more.

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COVID-19: What Products are Eligible?

Due to the COVID-19 pandemic, many Americans are stocking up on health supplies. You might be wondering if you can use your FSA or HSA funds to purchase these items. The short answer is: in some cases.                   Masks Currently masks, including surgical masks and the N95...

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CARES Act Updates on FSAStore.com and HSAStore.com

The recent CARES Act enacted by the U.S. government includes updates regarding FSA and HSA eligible items. The eligibility lists on FSAStore.com and HSAStore.com have been updated to reflect these changes. Over-the-counter medications and feminine care products are now eligible. Both websites now accept FSA and HSA debit cards for these items. Both websites will...

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Homemade Disinfectant Wipes

Bonnie and her granddaughter, Leah, made homemade disinfectant wipes for the office. The recipe is in the photos if you want to make some too!

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Over-the counter (OTC) Medications are Once Again Flex & HSA Eligible

Over-the-Counter (OTC) medications (such as Tylenol and Flonase) are once again “qualified medical expenses” for Health Flexible Spending Accounts and Health Savings Accounts thanks to the CARES Act stimulus bill passed by Congress and signed by the President on Friday, March 27, 2020. The OTC medication must have been purchased on or after January 1,...

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Extending March 31 Flex Claims Filing Deadline?

Some employers have asked whether they can extend the deadline for employees to file flexible spending account claims. Most plans required employees to file claims within three months of the end of the plan year. For calendar year plans, this deadline would be March 31. The deadline for filing claims (but not the deadline for...

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2019 HSA Contribution Deadline

The IRS announced yesterday that 2019 HSA Contributions will be accepted up to the filing deadline of July 15, 2020. The guidance was issued as a follow up to IRS Notice 2020-18. This change will allow the system to accept HSA contributions for 2019 up until the new filing date of July 15th, 2020. We...

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How do Work Hour Changes Affect Cafeteria Plan Benefits?

We have received a number of questions concerning how temporary employee furloughs or reductions in hours because of the COVID-19 virus affects Cafeteria plan benefits. Click here for a general discussion of the issues raised. Some of the plan provisions may be specific to documents prepared by Advantage Administrators and may not reflect the provisions...

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COVID-19: Advantage Administrator’s Commitment to You

As concern grows around COVID-19 (coronavirus), Advantage Administrators wants to ensure our clients, that you and our employees health and safety is our top priority. Our management team is closely monitoring the situation and are meeting daily so we can take all action to protect our clients and employees.   Advantage Administrators has several options...

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