FSA Store Coupon

The FSA Store makes it easy to purchase Flex Spending Account eligible items, such as glucose test strips, ice packs, and reading glasses. Visit FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase today!

14 May

Ideas for Spending Your FSA Funds

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 end of the year. Here are a few ideas on what you can use your FSA on: Schedule dental exams, eye exams, or physicals Schedule...

9 May

Cedar Valley Friends of the Family Donation

We love to support our local community. Recently, we collected pillows to donate to Cedar Valley Friends of the Family!

7 May

What is COBRA?

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 Death of employee Divorce or legal separation from employee Loss of dependent status Medicare entitlement of employee Employer bankruptcy For more information about COBRA, visit...

2 May

Congrats to Sarah Claiborne

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!

25 Apr

Your HSA Questions, Answered

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 in which you can contribute pre-tax dollars to use on eligible products and healthcare services. It can also be used as a savings account or...

18 Apr

Iowa Employment Conference

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!

16 Apr

Employee Wellness

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 incentives, or even having standing desks for your employees.

11 Apr

FSA Store Bundles

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 Bundle, and much more. Find your bundle and use code “CBAA5” to get $5 off today! http://bit.ly/2q2LafK

Defined Contributions

A Defined Contribution is an option that can be added on to the Flex Advantage Plan, and is an effective and simple way for an employer to take control of employee benefit costs. The employer selects a set amount of money called a defined contribution that employees can use to enroll in any eligible group health insurance, ancillary insurance, or medical and dependent care reimbursement account. Any amount elected above the defined contribution is payroll deducted from the employee. By offering a Defined Contribution Plan, employers will be able to fix their employee benefits costs while providing a customizable health plan for each individual employee. Employers are no longer required to select a one-size fits all benefits plan for their employees. Download the Defined Contribution Employer Brochure Here.

Benefits of a Defined Contribution

Defined Contribution creates a new level of customization and flexibility
Defined Contribution frees employers from the time and stress that goes with finding and managing their employee’s health care benefits.
Defined Contribution helps make health care costs more transparent to the entire organization.
Defined Contribution makes health care costs more predictable with rising premiums.
Defined Contribution allows employees to select the right plan for themselves. No longer is the employer choosing a plan that is perfect for only a few of their employees.
Defined Contribution relieves the owners and HR (particularly for small businesses) of the burden of figuring out healthcare options.
Defined Contribution insurance packages are offered by Major Health Insurers in Iowa.
Defined Contribution must be run through a Section 125 cafeteria plan, so it is essential to join with the correct partner to work through the intricacies and compliance issues, including the new IRS rules.
Any funds elected above the employer’s defined contribution amount is deducted from the employee’s paycheck pre-tax.

Our Administration Services

Any administrator can propose a plan, but we take our administration the extra mile for you and your employees by providing superior customer service. Advantage Administrators provides the following services for our Defined Contribution Plans.

Documents – SPD, Plan Document, and required notices and forms
On-Site Employee Education and Participant Enrollment
On-line Enrollment Platform
Plan Extensions – 90 Day Run-Out Period with optional Grace Period and $500 FSA Rollover
Debit Cards
Mobile App for Apple or Android

-Claims Administration
-Claims submission via Mobile App, Online Portal, E-mail, Fax, Mail or Drop-Off
-Reimbursements processed daily
-Reimbursement by Direct Deposit, Check, or Debit Card
-E-Mail and text notices of account activity and monthly statements

Employee Account Access

-Available 24/7/365 via Online Portal
-Available 24/7/365 via Mobile App
-Customer Care Department Open Mon-Fri 8:00-5:00

Discrimination and Compliance Testing and Form 5500 if required
Plan Amendments

-Required by Law – Free of Charge
-Employer Requested – Nominal Fee

Legal and Legislative Issues

-Special Memos, Seminars and Roundtables as required

Get Help From The Experts Today Contact Us

Latest News