Some employers have asked whether they can extend the deadline for employees to file flexible spending account claims. Most plans required employees to file claims within three months of the end of the plan year. For calendar year plans, this deadline would be March 31. The deadline for filing claims (but not the deadline for...
The IRS announced yesterday that 2019 HSA Contributions will be accepted up to the filing deadline of July 15, 2020. The guidance was issued as a follow up to IRS Notice 2020-18. This change will allow the system to accept HSA contributions for 2019 up until the new filing date of July 15th, 2020. We...
Missing March Madness? We’ve put together an FSA-eligible expense bracket instead! Which of these eligible expenses would win your bracket?
We have received a number of questions concerning how temporary employee furloughs or reductions in hours because of the COVID-19 virus affects Cafeteria plan benefits. Click here for a general discussion of the issues raised. Some of the plan provisions may be specific to documents prepared by Advantage Administrators and may not reflect the provisions...
Our receptionist, Paula, became a grandma for the first time this week. Congratulations Paula!
As concern grows around COVID-19 (coronavirus), Advantage Administrators wants to ensure our clients, that you and our employees health and safety is our top priority. Our management team is closely monitoring the situation and are meeting daily so we can take all action to protect our clients and employees. Advantage Administrators has several options...
Those with an HSA have to take a few additional steps when filing taxes. Follow our checklist to ensure you don’t miss anything. If you have an HSA, before you file taxes: Check your payroll contributions on your W-2. If you added funds, collect your 5498-SA form for contributions. If you spent funds, collect...
All three portals (Administrator, Employer, and Consumer) and both Mobile Apps (iOS and Android) will be unavailable during the following time: Saturday, March 14, 3:00 p.m. – 12:00 a.m. Midnight Central Time
Meet our final spring intern, Abu Conteh! Abu is a senior at Wartburg majoring in Business Administration with an economics and finance concentration. He plans to attend grad school in September. Abu is originally from Sierra Leone.
A Health Savings Account is a powerful tool to help you save for retirement and a way to pay for your family’s emergency medical expense. It can only be used with a qualified High Deductible Healthcare Insurance Plan (HDHP). It is set up with a partner bank and the money in the account always stays with the employee. The dollars in the account are only available for reimbursement as they are funded.
When setting up an HSA with Advantage Administrators, not only are you allowed to set up an HSA account, but we also include at no additional charge
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 HSA Plans.
Flex Plans
Forms
HSA
HRA
Retirement
Health Shopper
FSA Store