FSA Store

Finding eligible expenses to spend your FSA funds on is easy! FSAStore.com contains ONLY items that are FSA eligible, and also offers tools like an eligibility list and FSA calculator to help you manage your expenses!

13 Apr

Commuter Benefits

Employees choose a company to work for based on the benefits provided. Stand out among the competition by offering a unique benefit- commuter benefits! Commuter benefits allows employees to set aside pre-tax dollars to spend on commuting expenses, such as parking, bus fares, etc.

4 Apr

Happy Easter!

Happy Easter! We hope everyone has a “hoppy” day!

1 Apr

PPE is now an Eligible Expense

The IRS has announced that amounts paid for personal protective equipment (PPE) for the primary purpose of preventing the spread of COVID-19 – such as masks, hand sanitizers, sanitizing wipes – are treated as amounts paid for medical care. Thus, COVID-19 PPE expenses are eligible for reimbursement through your Health FSAs, Health Savings Accounts and...

1 Apr

Closing Early for Good Friday

Advantage Administrators will be closing at noon tomorrow, Friday, April 2nd, for Good Friday. We will resume regular business hours on Monday. Have a great Easter!

30 Mar

How to Help Employees Achieve HSA Long Term Success

Are your employees using their Health Savings Accounts to their greatest potential? Make sure they know the full range of benefits an HSA can offer by explaining retirement-planning potential, offering a limited FSA to pair with their HSA, and encourage them to use our HSA calculators and mobile app to plan their investments and savings!

25 Mar

Chip & Dip Day

Last week during spring break we celebrated chip and dip day at the office!

23 Mar

Here’s How You Reach HSA Investment Success

Are you investing in a health saving account (HSA)? Only 5% of HSA participants invest their funds, but all profits are tax-free and grow faster than a 401(k) or IRA. Before you start investing, be sure to make a plan. Advantage Administrators recommends this three-step process. 1. Determine...

17 Mar

Happy St. Patrick’s Day!

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

Get Help From The Experts Today Contact Us

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