Help Your Employees Make the Most of their HSAs

HSAs can be valuable to both employees and your company. Choosing to contribute to employees’ HSAs and providing information on how to use them can help attract and retain employees.

10 Jan

Happy anniversary Stacy!

Congratulations to Stacy Jacobs on her two-year anniversary at Advantage Administrators. We don’t know what we’d do without you Stacy!

8 Jan

Save on Braces with an HSA

For medical and dental expenses not covered by insurance, such as braces, you can use funds from your HSA.

3 Jan

Information Security

Advantage Administrators takes extreme precaution when dealing with your personal information, but there are a few steps you can take to help protect yourself further:

27 Dec

Sometimes when you use your flexible spending account, you’ll be asked for documentation. All this means is that the IRS needs proof that what you purchased was FSA eligible. To provide documentation, all you need to do is submit your receipt through your online account, the Advantage Administrators app, or through fax or the mail....

25 Dec

Happy Holidays!

Happy Holidays from the team at Advantage Administrators! Thank you to all of our great clients and partners for a wonderful 2018. We look forward to working with you all again in 2019!

20 Dec

Year-End FSA Dollars

Now’s the time to use up your FSA dollars before the end of the year! Use the code “CBAA5” to get $5 off any purchase at the FSA Store. Remember, anyone can use the coupon code, even if they aren’t Advantage Administrators clients, so feel free to share with your friends and family! Click here...

13 Dec

FSA Store Resources

The online FSA Store is for more than just shopping. It also offers tools and resources like educational emails, mobile resources, and an eligibility list to help you get the most out of your FSA dollars. To check it out, visit FSAStore.com today!

11 Dec

Advantage Administrators Mobile App

Give yourself a gift this holiday season- the Advantage Administrators mobile app! This free app allows you to manage your employee benefits easily, from anywhere. Find it in the Apple App Store and the Google Play Store.

Health Savings Account

Health Savings Account (HSA)

Health Savings Accounts (HSA) allow participants to set aside dollars for qualified out-of-pocket health care expenses, up to a maximum contribution amount set by federal limits. 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

Debit Cards
Investment Options
Online Access to HSA Accounts

HSA Links

HSA DISTRIBUTION REQUEST FORM
HSA Setup and Investments Guide[ PDF ]
HSA Flyer[ PDF ]
HSA Current Investment Options Flyer[ PDF ]

HSA EV1 Video

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