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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.

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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!

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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.

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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:

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FSA Documentation

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....

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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!

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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...

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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!

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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.

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Congratulations Sue Schlumbohm!

This month marks the 11th year that Sue Schlumbohm has been working at Advantage Administrators. We consider ourselves lucky to have her as part of our team! Thanks for all of your hard work and dedication Sue!

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Use your Benefits Plan to Increase your Savings

Do you wish you had a little more set aside this holiday season to put towards gifts and celebrations? Get a jump start on next year’s nest egg by using your benefits, like FSA and HSAs, to their full advantage. For more information, contact Advantage Administrators today.

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New Financial Health Research

The Center for Financial Services Innovation has released new research on Americans’ financial health. https://wexhealthinc.com/2018/11/theres-a-new-way-to-test-americans-financial-health-and-its-the-most-comprehensive-yet/?fbclid=IwAR3ldAnAoeu76c7ocfkJkQXF-aLvj3gz5L9Yk_Zi2xY6AkrjLxBhrF5pEgM

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Wex & 2019 Annual Cost-of-Living Adjustments

On November 15th, 2018, IR-2018-222 of the Internal Revenue Service (IRS) announced the 2019 annual cost-of-living inflation adjustments, which included increased limits for flexible spending accounts (FSAs), transportation fringe benefits, and qualified parking expenses. A summary of the 2019 IRS contribution limits and their impacts on health benefit accounts is provided below and is summarized in the 2019...

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What We’re Thankful For

This Thanksgiving, the team here at Advantage Administrators is thankful for so much- our clients and participants, our partners and consultants, our employees, and of course, our family and friends. Have a safe and happy holiday!

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Benefits of a Dependent Care Flexible Spending Account

Many healthcare plans offer the option of putting aside money into a Dependent Care Flexible Spending Account, or DCA. This money isn’t taxed, which could save you as much as $1,500 each year for childcare or dependent care costs! For more information on the benefits of using a DCA, contact your Advantage Administrators representative today!

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2019 IRS Cost-of-Living Adjustments Announced for FSA and Commuter Benefits

Just Announced! Yesterday, the IRS announced an increase in the limit for medical Flexible Spending Accounts (FSA) to $2,700 for 2019, up $50 from 2018. This increase will allow those with a FSA plan to put away even more pre-tax dollars toward medical expenses and approved products. For additional information about this announcement, click below,...

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FSA Store

Use the code “ADVANWEL” to get $10 off your first purchase at FSAstore.com! Share with your friends- anyone can use the coupon code, even if they aren’t Advantage Administrators clients.

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Combining Your HSA With a Limited FSA

Employees taking advantage of a Health Savings Account (HSA) aren’t eligible to also participate in a Flexible Spending Account (FSA). However, they are eligible for a limited FSA- where pre-tax dollars can be used for specific dental, vision, and preventative expenses. For more information about limited FSA’s, call your Advantage Administrators representative today!

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2019 401K Limits

We’ve got good news for employees- last week, the IRS increased pre-tax contribution limits for employees with 401(k) plans from $18,500 to $19,000! For more information, contact your Advantage Administrators representative today.

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FSAs: You Don’t Have to Use It or Lose It

Did you know that as an employer, you can offer your employees a Flexible Spending carryover, so they don’t have to use all of their flex spending before the end of the plan year? With this more flexible Flexible Spending Account, more employees are likely to enroll! Call us today to learn more about setting...

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Pumpkin Decorating

We had a spooky day on Friday decorating pumpkins!

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2019 Open Enrollment

The open enrollment period for 2019 health insurance runs from November 1- December 15, 2018. The experts at Advantage Administrators are here to help with plans, HSAs, FSA, and everything else. Visit http://bit.ly/2xaZ6YW for resources or call us today.

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FSA Coupon

Have you checked out the online FSA Store yet? Now’s a great time, because if you follow this link and enter the code below, you can get $5 off your purchase! http://bit.ly/2q2LafK

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Liz Wuertz Anniversary

Congratulations to Liz Wuertz on her 2-year anniversary at Advantage Administrators! We are glad to have you as part of our team!

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Open Enrollment Deadline

Open enrollment starts in just 16 days- do you know your benefits? Visit http://bit.ly/2xaZ6YW for explanations of FSA, HSA, HRA, and more. Still have questions? Contact your Advantage Administrators representative today!

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Waverly Oktoberfest 2018

Guten tag! Here are a few of our favorite photos from Oktoberfest a couple weeks ago.

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Advantage Administrator’s Mobile App

Advantage Administrator’s mobile app is an easy, convenient way to manage your insurance benefits. This video gives an overview of how to use the app and the various tasks you can complete in it.    

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IRS Non-Discrimination Testing

As an employer, you are required by the IRS to complete non-discrimination testing for any benefits plan that allows employees to use pre-tax income in an account, such as a flex-spending account. For more information about this non-discrimination testing, contact Advantage Administrators today.

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Congratulations Kala Meihost!

This month we celebrated Kala Meihost’s 1-year anniversary at Advantage Administrators! We look forward to many more years of Kala’s great work.

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Congratulations Cathy Pruin!

Congratulations to Cathy Pruin on her 4-year anniversary at Advantage Administrators! Cathy is a valued member of our team and we appreciate all of her hard work.

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FSA Store

Is it a hassle to try to find out what’s eligible to be purchased with your flex spending account? At the online FSA Store, you can rest assured that everything on the site is eligible, and the site is open to everyone, not just Advantage Administrators clients! Use the coupon code “ADVANWEL” to get $10...

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Open Enrollment

Many employers feel that few of their employees adequately understand their health benefits packages. Advantage Administrators can help prepare your employees for open enrollment by explaining health plans and perks such as flexible spending accounts, as well as providing resources and assisting with planning to ensure that each of your employees is getting the plan...

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New Mobile App Eligible Expense Scanner

This scanner is available through a collaboration of WEX Health and the Special Interest Group for IIAS Standards for benefit card use. These items are generally covered under your Standard Health FSA and Health Savings Accounts, but may not be covered under your Health Reimbursement Account (HRA) or a Limited Health FSA. Please check with...

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3 Ways to Help Your Employees Manage Their Healthcare Expenses

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades ago our healthcare spend was closely aligned to that of other countries. As a result of the rising cost of healthcare, changes to employment and benefits laws and the availability of new benefits options the employee benefits...

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IRS announces family contribution changes for HSAs

Today, the IRS published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19.Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900. We are in the process of updating Wex Health Administration, Portal and Mobile with the new limits. This change came as...

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How to check your Flex debit card balance

There are three ways for an employee to check their Flex Visa Card balance: 1. Call our office (1-800-383-1623) 2. Access your online account 3. Use the app, Advanatage Administrators, on your smart phone Here is some information on how to log onto your Online Portal and what to do if you are locked out....

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