Are you tired of searching for products to treat your condition and not finding them? The HSA Store not only sells products that can be purchased with your HSA funds, but allows you to search via condition, including acne, joint pain, diabetes and more! See for yourself at the link below. https://bit.ly/3jYqNvR
If part of your new year’s resolution is to save more for retirement, consider opening a Health Savings Account. Funds deposited into an HSA are tax-free, and roll over year after year (meaning you don’t have to use all the funds in one year)! Contact us today to get started.
Happy anniversary Stacy! Stacy Jacobs always makes sure we keep on track as one of our operations assistants and is always willing to pitch in when needed. Be sure to wish her a happy anniversary if you see her today!
Each employee’s plan should be individually tailored to their needs, and a Defined Contribution Plan (an addition to a Flex Savings Account) is the best ways to accomplish this. Watch this short video to learn why! https://bit.ly/3AuZ8cu
Just a reminder that Advantage Administrators will be closed Friday, December 31st for the new year holiday. We will resume normal hours on Monday, January 3rd.
“When I’m 59 1/2, I’ll get to take [the money] out without any penalties, and if I use it for medical care later on, I’ll never pay any tax on it at all.” Hear what Larry Borglum, co-owner of Kay Industries, has to say about offering an HSA to his employees. https://bit.ly/3CDJKw3
This is a friendly reminder that we will be closing for the holidays! The office will be closed Friday, December 24 and Monday, December 27th. We will reopen on Tuesday, December 28th with normal operating hours. We hope you have a joyous holiday season!
A flexible spending account (FSA) lets you save money by setting aside pre-tax dollars to pay for eligible medical, dental, vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. Whether you’re a newcomer to the account or have routinely participated in this benefits staple, we’ve compiled answers to some common...
The end of the year is almost approaching! If you have money left in your FSA account, be sure to use it before 2022 rolls around. Feminine care, acne/skincare and first aid products are just a few types of products you can purchase with FSA funds. Learn more at fsastore.com.
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.
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.
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