Staff Meeting in the Snow

With all of the snowfall last Friday, we decided to have our staff meeting outside and got creative with snow creations!

14 Jan

We know that taking advantage of your HSA or your FSA can be confusing. Thanks to Health Shopper, there is a place you can learn about and shop for HSA and FSA eligible products! When you go to Health Shopper, you can: View an Eligibility List of HSA and FSA eligible products Access HSA and...

12 Jan

HSA & FSA Misconceptions

With so many benefit options, it’s not easy to keep them all straight. Here are some of the common misconceptions around HSAs and FSAs.

8 Jan

5 Surprising Eligible Expenses For Your HSA and FSA

A health savings account (HSA) or medical flexible spending account (FSA) can be used to purchase eligible expenses, and the list of things that are eligible is sizable and growing. For example, as part of a pandemic relief package in March, many over-the-counter (OTC) products that once required a prescription were permanently reinstated as HSA/FSA eligible expenses. Here are five things you may...

7 Jan

HSA Handbook for Every Generation

Health Savings Accounts, or HSAs, are a useful savings tool, no matter your age. For tips about talking to your employees of all ages, check out this HSA Handbook for Every Generation from our partners at Wex Health.

5 Jan

Stacy Jacobs Anniversary

Today we celebrate Stacy Jacobs’ 4-year anniversary working at Advantage Administrators! Happy anniversary Stacy!

30 Dec

Closed New Year’s Day

2020 is finally coming to a close! This is your reminder that the Advantage Administrators office will be closed on Friday, January 1st for New Year’s Day. We will be open again on Monday, January 4th with our normal hours. We wish you health and happiness in the new year!

29 Dec

Wex’s Top 2020 Blog Posts

Because of the COVID-19 pandemic, 2020 brought many changes to employee benefits rules and regulations. Wex Health has gathered its top 10 blog posts of 2020, many of which explain these changes and what they mean to employees. Click here to read the top blog posts of 2020.

29 Dec

Ways You’ll Benefit when Providing a Benefits Card

As an employer, you want to make employee benefits as easy as possible for your staff. Our plans provide your employees with benefits debit cards, loaded with their HSA or FSA funds. These cards have several benefits, including: Ease of use Automatic substantiation Reduced questions from confused employees about how to use benefits

Flex Spending Accounts

What is a Flex Plan?

A Flex Plan allows a participant to set aside dollars each year from their paycheck to pay for qualified health and dependent care expenses through a Section 125 Cafeteria Account. These dollars are deducted from wages before any income or social security taxes are paid. By using this tax savings plan, participants will notice an increase in take home pay and have access to a reimbursement account throughout the year to pay for qualified expenses. Employers will not have to pay FICA or FUTA taxes on dollars run through the plan. Additionally, employers have the option of adding on a defined contribution plan set-up and an online enrollment tool.

Flex Links

FSA EV1 Video

Prepaid Benefits Card

Mobile App Overview

Mobile App Receipt

Dependent Care 1

Dependent Care 2

Medical FSA

Limited Medical FSA

Post Deductible FSA

Elected Benefits in a Flex Plan

Health Flexible Spending Accounts (Health FSA) allow participants to set aside dollars for qualified out-of-pocket health care expenses, up to a maximum contribution amount set by the employer. Funds are available on day 1 of the plan year and can be used to pay eligible expenses for the employee, spouse and dependents.
Dependent Care Assistance Program (DCAP) allows participants to set aside dollars for children (under age 13) or adult day care so that the participant may work. The IRS sets the annual maximum contribution amount for the DCAP account.
Limited Health FSAs including Dental, Vision, and Post Deductible Expenses.
Other common plan components include Premium Deductions and Health Savings Accounts.

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 Flex 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

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