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

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

Debit Card EV1 Video

Mobile App EV1 Video

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

Get Help From The Experts Today Contact Us

Latest News