News

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Health Savings Account (HSA) Contribution Limits Increase for 2027

Key takeaways – 2025 HSA contribution limits The Internal Revenue Service (IRS) has announced updated Health Savings Account (HSA) contribution limits and High-Deductible Health Plan (HDHP) requirements for 2027. These annual adjustments allow individuals and families to set aside additional tax-advantaged dollars for qualified healthcare expenses. 2026 & 2027 HSA Contribution Limits Coverage Type 2026...

GLP-1 HRAs

Medical cost trends have risen by 10% since 2022.  But the cost trend for Rx is over 17% for the same period.  Much of this increase in Rx is due to exploding sales for GLP-1s (such as Ozempic, Wegovy, Zepbound and Rubelsus) for use as weight loss drugs, driving costs to unsustainable levels for both...

Your Dental Expense Eligibility for an HSA or FSA

Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses. We answer a few common dental-related questions as it relates to your HSA or medical FSA.   Can...

Six Things to Know if You’re a First-Time Medical FSA Participant

Did you recently elect to participate in a medical flexible spending account (FSA)? If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time medical FSA participant should be aware of to take full advantage of their FSA.  ...

Your HSA and Your Tax Return – Four Tips for Filing

The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2025. We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax return. These will help you get organized and prepared for easy and successful filing....

Why Adding an FSA Makes an HSA Even Better

Saving, investing and retirement planning. These are just three of the perks you’ll experience when you participate in a health savings account (HSA). To be eligible for an HSA, there are only a few requirements, with two of the big ones being that you must be covered by a high-deductible health plan (HDHP), and you...

Understanding Letters of Medical Necessity for HSAs FSAs and HRAs

When managing pre-tax health accounts such as HSAs, FSAs and HRAs, it is easy to assume that all medical expenses automatically qualify for reimbursement. However, some services and products require additional documentation before they are considered eligible. That documentation is called a Letter of Medical Necessity. If you or your employees have ever been asked...

5 Common FSA Terms You Should Know

Flexible spending accounts (FSAs) provide you with a smart way to save money on healthcare and dependent care expenses (depending on the type of FSA you’re enrolled in). When you participate in an FSA, you’re putting money aside before it is taxed so you can save on eligible expenses. However, you may have a number...

Five Post-Open Enrollment Survey Questions to Ask Your Employees

Congratulations, benefits professionals! You’ve accomplished another year’s open enrollment! Whether you survived or thrived, you have an opportunity to lead your organization’s benefit evaluation. It’s time to charge full speed ahead with your open enrollment aftermath strategy. By analyzing what went right and what could be improved, you can help ensure an easier, more effective...

Items marked FSA eligible sometime aren’t. It’s truly “buyer beware”

In 2026, the IRS explicitly warned consumers about misleading “FSA Eligible” labels, particularly from companies claiming that general wellness items like meal plans or gym memberships can be converted into medical expenses through “letters of medical necessity” obtained via online questionnaires.   Retailer “FSA eligible” badges are not a legal guarantee of reimbursement. Eligibility is...

THE MEDICAL MILEAGE RATE HAS BEEN REDUCED FOR 2026

The medical mileage rate has been reduced for 2026! When an automobile is used to obtain medical care, the mileage rate may be deductible under code § 213 if it is primarily for, and essential to, the medical care. Previously $0.21/mile, it is now $0.205/mile. If you have any questions about these changes, please don’t...

Winter Eligible Expenses for Your HSA and FSA Funds

For many, winter is as synonymous with snowflakes as it is with sinus problems. Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! We’ve compiled a few common seasonal issues and eligible expenses that can help.   Dry nasal passages...

Five Tips to Help Employees with FSA Spend Down

Medical flexible spending accounts (medical FSAs) are use-or-lose accounts. There are limits as to whether (or how much of) your employees’ FSA funds can be carried over into the next plan year. How well do your employees understand their FSA’s plan rules? If they don’t, they could risk forfeiting funds to the plan. And any...

Top Metrics to Track So You Learn More About This Open Enrollment’s Performance

Open enrollment performance tracking is important to make sure you have a successful period, ensuring you’re offering your employees the best possible benefits packages and creating a better system for years to come.   Communication Engagement Metrics Communication engagement can provide insights into employee satisfaction and level of engagement. If an open enrollment period sees...

What Data Says About the Who, What, When, Where and Why of Open Enrollment Education

Open enrollment is nearly here for many of you. You’re looking to create an atmosphere where employees are engaged, eager to enroll and save money with the benefits you provide. You’ve probably read advice on how to do that, but we’ve got the data to back up a strategy, and it comes directly from your...

IRS Released 2026 Limits for FSAs, Commuter Benefits and more!

The IRS released 2026 limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more.   The new 2026 limits are: FSA (medical, limited, combination and post-deductible FSAs) $3,400 per year Medical FSA carryover $680 per year Commuter benefits (mass transit and parking) $340 per month Adoption assistance $17,670 per year QSEHRA Single $6,450 / Family...

Support Your Employees’ Fertility Benefit Needs with an HSA or FSA

According to the World Health Organization, roughly 1 in 6 adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. And did you know that a variety of fertility and infertility treatments are eligible for health savings...

Tips for Beginners and the Most Seasoned HSA Investor

Are you an HSA investor? If you are, then you have a health savings account (HSA). You’ve heard about its investment potential, and you’ve read that an HSA has retirement-planning perks that a 401(k) and IRA don’t have. And you’re investing to grow your funds so they increase at a much higher rate than they...

Tips to Refine Your OE Communication Strategy and Availability

The time is now to disrupt open enrollment! While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan.  With a few years of digital open enrollments behind us, it is key to identify barriers...

Your Mid-Year Benefits Check – How to Make the Most of Your Employee Perks

We’re halfway through the year—have you checked in on your employee benefits? If you’re like many employees, you might only think about benefits during open enrollment. But taking a mid-year look at your benefits can help you maximize your options, adjust to any life changes, and plan ahead. Here’s why this check-in is important and...

The One Big Beautiful Bill Act – What it Means for HSAs, FSAs and Your Benefits Strategy

Congress passed and President Trump has signed into law the One Big Beautiful Bill Act – and it’s a game changer for health savings accounts (HSAs). In a recent episode of the WEX podcast, Chris Byrd, WEX Health & Benefits senior vice president, breaks down the most impactful provisions of the bill, including expanded health...

Why Gen Z and Millennials Should Embrace HSAs

In today’s world where financial security feels increasingly elusive, Gen Z and millennials are rewriting the playbook on how they save, spend and invest. Yet, one of the most underutilized tools in their financial arsenal is the health savings account (HSA). Despite its potential to revolutionize both short-term healthcare spending and long-term wealth building, many...

Why FSA Substantiation Matters and What to Look For

The IRS requires flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the Chief Counsel memorandum detailing medical expense claim substantiation for medical FSAs and dependent care FSAs. That’s...

Dental Expense Eligibility for an HSA or FSA

Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses. Below we answer a few common dental-related questions as it relates to your HSA or medical FSA.  ...

How to Help Employees Combat High Healthcare Costs

Rising healthcare costs are a growing concern for employees and employers alike. With premiums, deductibles and out-of-pocket expenses increasing, employees may struggle to afford necessary care. As an employer, you have the power to support your workforce by providing cost-saving solutions and promoting smarter healthcare decisions. Here’s how you can help employees navigate and reduce...

IRS RELEASES 2026 LIMITS for HSAs, HDHPs and EBHRAs!

The IRS recently announced the 2026 Limits for HSAs, HDHPs and EBHRAs! Learn more about these limits below! The new 2026 limits are: HSA Annual Contributions Single $4,400 per year Family $8,750 per year HDHP (self-only coverage) $1,700 minimum deductible $8,500 out-of-pocket limit HDHP (family coverage) $3,400 minimum deductible $17,000 out-of-pocket limit EBHRA $2,200  ...

Personalize and Simplify Employee Benefits – The Key to Better Engagement and Satisfaction

Employee benefits are a critical component of workplace satisfaction and overall wellness. However, traditional benefits programs are often riddled with complexity, making it challenging for employees to fully understand and utilize their options. Simplification is the key to driving better engagement, increasing participation and reducing administrative burdens for HR teams. This is the first part...

How Pre-Tax Benefits Can Help You Save More Before April 15

Tax season is in full swing and as the April 15 filing deadline approaches, employees are looking for ways to maximize their savings. One often-overlooked strategy? Taking full advantage of pre-tax benefits. These employer-sponsored programs can help you reduce your taxable income and keep more of your hard-earned money.   What are Pre-Tax Benefits? Pre-tax...

What is a Letter of Medical Necessity and When do you Need one?

When it comes to using pre-tax health accounts like health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), you may assume that all medical expenses are automatically covered. However, certain expenses require additional documentation to be considered eligible. That’s where a letter of medical necessity (LMN) comes in. If you’ve ever...

Invest With Confidence: How Women can use HSAs for Long-Term Wealth

March is Women’s History Month, a time to celebrate the achievements of women across industries—including finance. While women have made incredible strides in wealth-building and financial independence, there are still areas where confidence lags. One of those areas is investing in health savings accounts (HSAs). Despite their powerful benefits—including triple-tax advantages, long-term savings potential and...

Ensuring Compliance in Benefits Administration Post-Election

With the 2024 U.S. election potentially leading to significant shifts in employment laws and employee benefits, it’s crucial for employers to stay ahead of changes to maintain compliance. New regulations could affect everything from healthcare policies and labor laws to tax laws, all of which play a key role in benefits administration. Employers who proactively...

How Employee Benefits Support Wellness During Heart Health Awareness Month

February is Heart Health Awareness Month, a time to focus on cardiovascular wellness and encourage employees to take proactive steps toward a healthier heart. Heart disease remains the leading cause of death in the U.S. but the good news is that lifestyle changes, preventive care and employer-sponsored benefits can make a significant impact. By leveraging...

Start Your New Benefits Plan Year Off Right with These Eight Tips

For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA) or any...

Top Post-Open Enrollment Strategies to Boost Employee Benefits Engagement

Open enrollment is an important time for HR professionals and employers, since it’s the moment employees make decisions that impact their health, finances and overall wellness for the coming year. However, the work doesn’t end when open enrollment closes. Post-open enrollment strategies are essential for ensuring employees are engaged, informed and set up for success....

Winter Eligible Expenses for Your HSA and FSA Funds

For many, winter is as synonymous for snowflakes as it is for sinus problems. Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! We’ve compiled a few common seasonal issues and eligible expenses that can help.   Dry Nasal Passages...

What Happens to my HSA When I Change Jobs?

Have you recently changed employers? Or are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through your employer, your HSA stays with you. There are plenty of myths about HSAs, so let’s tackle what really happens to your HSA when you change employers.   You Have Options HSA...

Navigating HSA and FSA Compliance: Key FAQs and Common Misconceptions

As we enter another season of open enrollment, one crucial topic is top of mind for many employees: HSA and FSA compliance. Health savings accounts (HSAs) and flexible spending accounts (FSAs) are often misunderstood, despite their significant financial advantages. It’s time to clarify the ins and outs of these tax-saving healthcare accounts and answer HSA...

Voluntary Benefits: A Guide for First-Time Enrollees

When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood. In this blog we explore all the unknown voluntary benefits terms and bring clarity of information to first-time...

2025 FSA Limits and Commuter Limits Announced

The IRS released 2025 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits and more as part of Revenue Procedure 2024-40. These limits undergo annual adjustments to account for inflation.   2025 Medical FSA Contribution Limits (including limited and combination FSAs) 2024: $3,200 per year 2025: $3,300 per year   2025 Medical FSA...

What Employers Ask When Considering Outsourcing Benefits Admin

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance changes and providing the technology and services your employees need for a positive benefits experience?...

Considerations When Choosing a Health Plan for the First Time

Whether you’re transitioning from your parents’ insurance, landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. For starters, let’s look at a few considerations when evaluating health...

How Benefit Cost Containment Can Elevate Your Business

According to the Bureau of Labor Statistics, employers typically pay around 80% of traditional employer-sponsored healthcare plans on behalf of employees. With rising healthcare costs, your business is most likely struggling to solve this key problem: how to maintain financial stability while providing robust benefits to your employees. But what solutions can actually provide benefits...

Increased Paid Leave Trends in 2024

The concept of work-life balance has become more than just a buzzword; it’s a necessity for employee satisfaction and retention. According to WorkLife.news, employers are increasingly recognizing the importance of providing ample time off to their employees with more than 80% of U.S. employers planning to change their leave policies over the next two years....

Five Voluntary Benefits Plan Design Tips

Did you know employers can enhance their benefits offerings by incorporating voluntary benefits? What exactly are voluntary benefits and how can employers design an effective plan? We sat down with Hugh McDaniel, manager of channel partnerships at WEX, to get his insights on crafting voluntary benefits plans that meet the diverse needs of employees.  ...

It’s July. Have you Performed an HSA Midyear Check-In?

Does your health savings account (HSA) have enough funds to carry you through the second half of the year? If it does, is there more you could be doing to grow those funds? We’ve broken down how to know if you’re contributing enough to your HSA to cover costs for the entire year and whether...

Benefits Personalization: Leveraging Technology for a Diverse Workplace

In today’s world, employees seek more than just a paycheck. They desire benefits that cater to their unique needs and offer peace of mind. This is where benefits personalization technology comes into play. Let’s explore how modern technology is revolutionizing benefits personalization and how employers can leverage these advancements effectively.   The Value of Personalized...

How an HSA Can Support Your Employees’ Mental Health

New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the health of family/friends also ranking among the top four. There are a variety of ways...

Employee Lifecycle Support: From Day One to Retirement

Supporting employees throughout their employment lifecycle is essential for improving engagement, loyalty and long-term satisfaction in the workplace. By optimizing employee benefits and creating a supportive environment, employers can enhance the employee experience at every stage of their journey, from onboarding to retirement. This comprehensive guide will help you understand and implement effective employee lifecycle...

Mental Health Awareness Month: Five Tips to Activate Your Office

May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. As an HR representative or benefits decision-maker, you have a responsibility to support your employees’ mental wellbeing. What can employees do to raise mental health awareness in the office, especially during Mental Health Awareness...

2025 HSA contribution limits increase to $4,300, $8,550

Key takeaways – 2025 HSA contribution limits 2025 HSA contribution limits will increase to $4,300 and $8,550 for self-only and family HSAs, respectively. 2025 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2025. The IRS announced that 2025 HSA contribution limits...

Six Things to Know For a First-Time Medical FSA Participant

If you’re a first-time medical FSA participant, you may not be familiar with FSA definitions and rules. We’ve provided a list of the top things a first-time medical FSA participant should be aware of in order to take full advantage of their FSA.   What is a Medical Flexible Spending Account (FSA)? A medical FSA...

What is a Dependent Care FSA?

A dependent care flexible spending account (FSA) lets participants set aside pre-tax dollars to help pay for dependent care. Contributing to this benefit reduces taxable income and spreads the benefits of pre-tax dollars throughout the year, helping individuals save 30 percent or more (based on their tax rate) on dependent care costs.   Dependent Care...

Your HSA and Your Tax Return: Four Tips for Filing

The season for filing taxes is upon us once again. We’re getting closer to the deadline for filing for 2023. We wanted to share a few tips and reminders about health savings accounts (HSA) you’ll need for your tax return. HSA Tax Prep Checklist Check your W-2 for HSA payroll contributions Get your 1099-SA form...

Five Misunderstood HSA Facts

Health savings accounts (HSAs) have become increasingly popular but they often come with misconceptions. To help employees make informed decisions, let’s debunk common HSA myths and shed light on the HSA facts that matter.   HSA Fact #1: HSAs are Employee-Owned While employers may choose to contribute to an employees’ HSA, it’s important for employees...

Three Surprising Results Employees May Experience With Commuter Benefits

Expanded public transit. The rise and rebound of ridesharing. Increased work-from-home arrangements. The work commute has changed a lot recently, as lawmakers and civic officials grapple with how to effectively support people traveling to and through ever-growing cities. New York City, Washington, D.C., Chicago, Philadelphia and Seattle are among cities that have enacted laws and...

What are FICA Taxes and Pre-Tax Savings? A guide to FICA taxes, HSAs, FSA and more

What are pre-tax savings and post-tax savings? Understanding taxes relating to health savings accounts (HSAs), flexible spending accounts (FSAs) and other benefits plans can be time-consuming and difficult to explain. Pre-tax savings are tied directly to FICA taxes. You may be wondering what FICA is and how does pre-tax savings work for HSAs and FSAs?...

Employee Mental Health Support Beyond EAPs

In 2023, mental health became a top priority for employees and employers. According to a SHRM study, 41% of U.S. employees said they would likely or would very likely leave their current job if they were offered a new position with significantly improved mental health benefits. While many companies offer employee assistance programs (EAPs), it’s...

Explore our top 2023 Benefits Blog Posts

Welcome to 2024! As we get ready for another year of sharing the latest benefits trends and practical tips to enhance you and your employees’ benefits experience, let’s look back at our most popular blog posts from 2023.   Get the Best Results from Your Benefit Budget Conversations Benefits are critical for attracting and retaining...

Get to Know At-Home HSA and FSA Eligible Expenses for the Elderly

As we age, the importance of maintaining safe mobility within our home becomes critical. It is crucial to understand how to save money on common at-home expenses with health savings accounts (HSA) and flexible spending accounts (FSA). From home modifications to adaptive equipment, creating an environment that not only nurtures a person’s well-being but also...

Five Ways to Effectively Communicate Benefits

Did you know that, when employees were asked on a scale of 1 to 10 how confident they are in their understanding of their benefits, 34% chose 7 or less. Only 25% responded with a 10. That was just one of the findings from a survey of benefits participants WEX launched in May 2023. Often,...

Voluntary Benefits: A Guide for your First-Time Enrollees

When it comes to navigating the world of employee benefits, there’s a lot to take in, especially if you’re a first timer. Among the suite of benefits you’re likely to be offered, voluntary benefits are often misunderstood.   What are Some Examples of Voluntary Benefits? Voluntary benefits include a variety of options, all designed to...

The IRS Just Announced the 2024 Health FSA Contribution Cap!

As most organizations are already in the thick of annual benefits enrollment, the IRS announced that employees can funnel an extra $150 into their health flexible spending accounts (FSAs) next year. The annual contribution limit is rising to $3,200 in 2024, up from $3,050 in 2023. If the employer’s plan permits the carryover of unused...

What Data Says About the Who, What, When, Where and Why of Open Enrollment Education

Open enrollment is nearly here for many. It is important to create an atmosphere where employees are engaged, eager to enroll and save money with the benefits you provide. You’ve probably read advice on how to do that but we’ve got the data to back up a strategy and it comes directly from employees. Earlier...

Considerations When Choosing a Health Plan for the First Time

Whether you’re transitioning from your parents’ health insurance, you landed your first full-time job or are simply obtaining coverage for the first time, choosing health plans and employee benefits can be overwhelming. You’ll likely hear a lot of terms and acronyms that you’ve never heard before. Let’s look at a few considerations when evaluating health...

Seven Basic Rules of an HSA you Need to Know

Understanding the basic rules of a health savings account (HSA) is critical in driving employee participation. Only half of those surveyed in our “Paying for Healthcare in America” report said that they understand the differences among the different health spending accounts. Let’s break down some of HSA’s basic rules.   Who is Eligible for an...

Support Your Employees’ Fertility Benefit Needs With an HSA or FSA

According to the World Health Organization, roughly one in six adults worldwide are affected by infertility. Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family. Did you know that a variety of fertility and infertility treatments are eligible for health savings account...

Duck Derby

Can you imagine sorting 4,000 rubber ducks? Well, our team did just that for the 26th annual Riverview Centers Duck Derby Race! We completed this project as part of the Waverly Shell Rock United Way Day of Caring on September 13. The race occurs on October 8 at 3 p.m. and is located on the...

Save on Back-to-School Expenses With Your HSA or FSA

Are you preparing to send your kids back to school? You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on a variety of back-to-school, expenses, including: Thermometers You can use your HSA or FSA to purchase a thermometer, which takes on added...

Get the Best Results from Your Benefit Budget Conversations

Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession and 47% saying they will not reduce benefits, according to Employee Benefit News. Benefits are critical for attracting and retaining talent....

Four Ways to Effectively Communicate Benefits

According to the Human Resource Executive, about half of employees don’t understand their benefits and 80% of employees never even open pieces of communication about their benefits. Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. How can your benefits messaging cater...

Your Dental Expense Eligibility for an HSA or FSA

Dental expenses can be a significant financial burden, especially when unexpected dental procedures arise. For those who have health savings accounts (HSAs) or medical flexible spending accounts (FSAs), there are opportunities to save money on these expenses.   Can I use my HSA or Medical FSA to pay for Dental Expenses? The good news is...

Mental Health Awareness Month: Five Tips to Activate Your Office

May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. With the ongoing COVID-19 pandemic and its impact on our daily lives, mental health awareness is more important than ever before. As an HR representative or benefits decision-maker, you have a responsibility to support...

Avoid Tax Implications with FSAs

The IRS requires flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers who are not meeting the requirements when they released an Office of the Chief Counsel memorandum last week detailing medical expense claim substantiation for medical FSAs...

HDHP Participation Trends to Keep in Mind

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. private-sector workers in 2021 (according to Benefits Pro). Nevertheless, there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan....

2024 HSA Contribution Limits Increase

Key Takeaways – 2024 HSA Contribution Limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family coverage. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits are on the rise again in 2024. The IRS announced that 2024 HSA contribution limits will...

The Affordable Care Act (ACA) Code Cheat Sheet You Need

The Internal Revenue Service (IRS) has two sets of ACA codes that help employers have a consistent way to illustrate their medical benefits to employees. Each code is unique and indicates a scenario about an offer of coverage or gives an explanation on why an employer should not be subject to penalty each month.  ...

What you Need to Know When Creating a Pet-Friendly Workplace

According to a 2021 survey conducted by the ASPCA, one in five American households adopted a cat or a dog. With many employees having returned to the workplace after working from home for months or years, having additional options and flexibility for pet care is important to them. In a survey conducted by TIME, 1,500...

Communication and Open Enrollement

Open enrollment comes around once a year. Communication about benefits often comes shortly before the enrollment period begins. Why not keep the dialog going year-round? Sharing tips and tricks on how to use benefits would be beneficial to many individuals.   Benefit Explanation When employees think of benefits, they often think of vacation time, work...

HSA vs. 401k vs. IRA: How do These Retirement Accounts Stack up?

How is your HSA versus your 401(k) versus your IRA shaping up for retirement planning? Retirement planning is a lot easier when you imagine what you want it to be like. As Tori Dunlap of Her First $100K said at HSA Day, “I’ve gotten (millennials) to care because I have them picture 65-year-old them.” Are...

COBRA Election

Many people have heard of COBRA, but what is it? COBRA is a way for an individual to keep their health insurance coverage if they have experienced a job loss or another qualifying event. When opting for COBRA, it is important to realize that the reimbursement accounts you were participating in prior to COBRA enrollment...

Open Enrollment Do’s and Don’ts

Open enrollment can be confusing to navigate and hard to comprehend. Understanding what is being offered will help individuals determine what is best for themselves and/or their families. According to CNBC, 92% of employees opt for the same choices they did last year, even if changes occurred in their life. Many employers change or offer...

COVID-19 National Emergency Coming to an End

Recently, President Biden advised Congress of his plans to end the two COVID-19 emergencies as of May 11, 2023. What this means from a COBRA and employee benefits stand point is that the temporary extensions introduced during the pandemic will come to an end. As the end of the declarations draw closer, it is important...

Eligible Expenses During Winter

For many, winter is a wonderful time of year. For others, it’s a season filled with sinus problems and colds. If winter is a time when you are frequently ill, flexible spending and health savings accounts can help cover your costs. We’ve created a list of common items that FSA and HSA funds can be...

Five Post-Open Enrollment Survey Questions to ask Your Employees

Congratulations, benefits professionals! You’ve accomplished another year’s open enrollment! Whether you survived or thrived, you have an opportunity to lead your organization’s benefit evaluation. It’s time to charge full speed ahead with your open enrollment aftermath strategy. By analyzing what went right and what could be improved, you can help ensure an easier, more effective...

Voluntary Benefits

Benefits can be a deciding factor on whether an employee stays within a company or decides to move on. In order to stay competitive, more and more companies are looking for ways to expand their benefits package. According to a survey by Business Wire, 76% of employees say that offering voluntary benefits would persuade them...

Happy New Year!

Just a reminder that Advantage Administrators will be closed Monday, January 2nd for the new year holiday. We will resume normal hours on Tuesday, January 3rd.

Happy Holidays!

This is a friendly reminder that we will be closing for the holidays! The office will be closed Friday, December 23rd and Monday, December 26th. We will reopen on Tuesday, December 27th with normal operating hours. We hope you have a joyous holiday season!

What is Quiet Quitting?

Quiet quitting is a term that has been gaining momentum, but what exactly is it? Quiet quitting is when an employee does the bare minimum or only the responsibilities within the description of their role and nothing else. Essentially, employees are performing their duties but not asking for additional responsibilities or going above and beyond...

Helpful Insurance Insights

Health insurance can be hard to comprehend. With open enrollment coming up, we’ve compiled a few points of interest to better understand how employees use their benefits. Employers can use these points to locate plans that fit employees needs as well as educate employees about plan benefits.   FSA accounts are a clear favorite. Flexible...

Employee Benefits Education

Health savings accounts (HSA) have many benefits such as saving for future expenses and even investing. Money in an HSA can also be used to cover current expenses such as copays, medication costs and dental appointments to name a few.   Day-to-day Expenses Money put aside in an HSA account is a great way to...

Investing Your HSA Funds

Health savings accounts (HSA) are a great way to set aside money for medical expenses. But did you know that it can also be used for investing purposes? Investing funds from an HSA is an excellent way to save for medical expenses post retirement. With the rising costs of healthcare every bit helps!   Investment...

2023 IRS Contribution Limits

THIS JUST IN! The IRS just released 2023 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs and more!                 The information in this blog post is for educational purposes only. It is not investment, legal or tax advice. For legal or tax advice, you should consult your...

Wellness Incentives

Many employers offer employees wellness programs to encourage a healthy lifestyle. A common motivator behind employee wellness programs are incentives and prizes awarded for participation. Understanding what types of incentives to utilize can be tricky. Incentives need to be something that the employee wants so they are motivated to act but not something that they...

Key Compliance Topics HR Leaders Need To Be Aware Of

Each and every day, organizations have to navigate serious issues that could have a major impact on business if not navigated promptly and correctly. These often coincide with compliance. Compliance not only relates to human resource (HR) officers but everyone in a company. However, HR handles most issues with compliance including employee retention, hiring, payroll...

Talent Acquisition in a Changing World

An everchanging world can present new and unexpected challenges. Today more than ever, job seekers have more opportunities for flexible work environments and schedules. In the past, employees would often work a traditional 9-5 job Monday through Friday. But today, individuals are looking for job flexibility whether that be freedom to work whenever and wherever...

Back to School Savings With an HSA and FSA

It’s that time of year again. School is back in session. Getting ready for school can be a stressful and expensive time of year. Did you know that your health savings account (HSA) and flexible spending account (FSA) can cover some of the costs associated with going back to school? Money in your FSA and...

Choosing an HDHP versus a PPO/Traditional Health Plan

During open enrollment, your health plan is a big factor when you are making decisions. A big change in health plan trends that has come up is that employers are offering their employees health plan options. Does your employer offer different options for your health plan? If they do, consider these four factors when choosing...

HSA Trends to Help You Boost Participation

Health Savings Accounts, or HSAs, have short-term and long-term perks for participants. As an employer, it can be hard to determine how to position these accounts since your employees needs vary oftentimes. To maximize participation, how should employers be contributing to HSAs?   Why Should Employers Contribute to Employee HSAs?  Employee wellness and employee benefits go...

Why We Should All Prioritize Reducing Mental Health Stigma

Since the start of the pandemic, mental and behavioral health requests increased 100%. For the youngest employees, that increase was even higher. While the mental wellness need was always there, employers are increasingly taking notice. All of the above puts an increased emphasis on removing any barriers that discourage anyone from saying “I need help.” What’s one...

What Happens to My HSA When I Change Jobs?

Have you recently changed employers? Are you considering making a change? Fortunately, when you participate in a health savings account (HSA) through Advantage Administrators, your HSA stays with you. There are plenty of myths about HSAs, but today let’s tackle what really happens to your HSA when you change employers. HSA transfer If your new employer offers an...

How to Make Flexible Work Arrangement and Social Wellness Work

“I feel socially awkward,” one HR manager at a major medical supply company said at the beginning of a virtual meeting as she described her first few days in the office without having to wear a mask. “It’s like that first day of high school as an awkward teenager. I don’t know how to interact...

2023 HSA contribution limits increase considerably due to inflation

Health savings account (HSA) contribution limits will increase considerably in 2023. The IRS announced that 2023 HSA contribution limits will rise to $3,850 for self-only HSAs and to $7,750 for family HSAs. Those are increases of $200 and $450, respectively, from 2022. The 2023 HSA limit increases are in response to our country’s recent spike in...

5 Ways to Support Employee Wellness in 2022

The number of Americans who quit their jobs in 2021 reached record highs. One of the ways to stop the tide of employee departures is through your benefits by implementing a greater focus on employee wellness. With that in mind, here are five ways we expect employee wellness to trend in 2022. Offer a lifestyle...

HSA vs FSA: See How You’ll Save With Each

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Below, we’ve outlined the key differences between an HSA and an FSA so you can see how they work, the advantages of each and why you should participate in them. Health savings account An HSA is...

FSA & HSA Eligible and Non-Eligible Expenses

There are a lot of options for what to spend your FSA and HSA funds on – but spending these funds on non-eligible expenses can have negative consequences. We’ve compiled a list of eligible and non-eligible expenses to take the guesswork out of it. View it at the link below. https://bit.ly/3lYkj2i

Benefits Play a Huge Role in Employee Satisfaction

Did you know that benefits play a huge role in employee satisfaction? Not only will top-of-the-line benefits retain employees, but it’ll also encourage high-level talent to apply for positions at your company! If you’re wondering how you can incorporate the best plan for your company, contact us and we’ll help you out.

Last-Minute Ideas for Spending your FSA Funds

Since flexible spending accounts (FSAs) are governed by the IRS’ use-it-or-lose-it rule, any unused funds that remain in your account at the end of the year may be forfeited — with some exceptions, like if your FSA includes a carryover or grace period. It’s estimated that $1 billion of unused medical FSA funds will be...

Happy St. Patrick’s Day!

Happy St. Patrick’s day from our team! We enjoyed some treats and had plenty of fun to boot!

Using FSA or HSA Funds for Allergies

Allergy season will be here before you know it (assuming we don’t get another March snowstorm). Products to treat allergies can be purchased using your FSA or HSA funds – so we recommend stocking up now! If you have questions about what other products you can purchase, give us a call at 800-383-1623.

HSAs Boast a Triple Tax Advantage

Need a reason to put your money in an HSA? HSAs boast a triple tax advantage, meaning that your contributions, earnings and withdrawals for qualified medical expenses are tax free! If this interests you, give us a call at 800-383-1623.

Major Differences Between HSAs and FSAs

There may only be a one-letter difference between a HSAs and FSAs, but they aren’t interchangeable plans. Check out the article below to learn about the major differences between the two. https://bit.ly/39Y3fjz

4 Ways to Use HSAs to Achieve Your Financial Goals

We are a few months into the new year and for most Americans, a new year means setting new financial goals. In fact, almost three-quarters of U.S. citizens had a New Year’s resolution last year that centered on being smarter with money. So, how can you do just that? We broke down a few ways...

Health Shopper

There are plenty of online stores where you can purchase HSA/FSA eligible products, but Health Shopper also has learning resources for those just starting out! Check them out at the link below. https://bit.ly/3CEH55A

We Offer an Online Portal and Mobile App

Any administrator can propose a plan, but we want to make sure our service is easily accessible. That’s why we offer an online portal and mobile app for both Apple and Android products. You can reach us 24 hours a day, every day of the year on the app and online!

Tips for beginning and seasoned HSA investors

Are you an HSA investor? If you are, then you have a health savings account (HSA). You’ve heard about its investment potential, and you’ve read that an HSA has retirement-planning perks that a 401(k) and IRA don’t have, and you’re investing to grow your funds so they increase at a much higher rate than they would in an HSA’s cash...

Start Your New Benefits Plan Year Off Right with These 8 Tips

For most of you, a new plan year has begun! Just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA), flexible spending account (FSA), or any other plan you...

HSA Allows You to Search via Condition

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

Health Savings Account

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!

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!

Defined Contribution Plan

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

Happy New Year!

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.

Offering HSA to your Employees

“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

Happy Holidays!

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!

Quick Answers to 10 Top FSA Questions

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...

Use Any FSA Money Left Before 2022!

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.

Health Reimbursement Arrangement

So, you’ve found out that your employer offers a Health Reimbursement Arrangement (HRA), but you don’t know the details of the plan or how it works. Check out the link below to learn more about HRAs. https://bit.ly/3sancyb

Using FSA to Pay for Daycare

Children depend on adults for a lot of things, and healthcare is one of them. Opening a dependent care FSA allows you to pay for expenses relating to caring for dependents, such as daycare services. Watch our video below to learn more! https://bit.ly/3fSlEE5

Get Tips on The Dos and Don’ts of Open Enrollment

Open enrollment is around the corner for many of you. It’s your best chance to evaluate your healthcare needs and find opportunities to save money. However, a whopping 92 percent of employees stick with the same elections they had the previous year, no matter what changes have taken place in their lives. If you’re one...

Business Hours for This Week

Our office will be closed November 25 and 26 to celebrate Thanksgiving. Thank you for understanding, and have a great holiday.

Money in Your Pocket

Want to find a way to put more money in your pocket while still saving health-related funds? Learning about a medical FSA may be in your best interest. Watch our video below to get started! https://bit.ly/3fRctUy

Open Enrollment

Open Enrollment is happening for many of our clients, and we’ve been out and about educating employees about their benefits. For more information, check out our website at https://bit.ly/2FbbqPQ

Important Information

Check out important information from the IRS for 2022 contribution limits for FSAs, commuter benefits, adoption assistance, QSEHRAs, and more below.

Tax-free Contributions

Tax-free contributions. No “use-it-or-lose-it” rule. Easy account access. These reasons and more are why you should consider enrolling in an HSA. Want to learn more? Check out the resources on our website! https://bit.ly/2NqUt6b

FSA-eligible Expense

Glasses – including sunglasses and reading glasses – are one FSA-eligible expense people may not think of using their funds on. Check out why seeing the world through a better lens should be a top priority for where to use your FSA funds. https://bit.ly/3jYmQav

Jeff’s Anniversary

November 1 was Jeff’s anniversary with us. Happy anniversary Jeff! There’s no way Advantage Administrators would be where we are today without your help. If you see him today, be sure to wish him a happy late anniversary!

Open Enrollment

Open enrollment is coming up. Help your employees understand the different health plans by giving Advantage Administrators a call. We can customize plans to make sure each one of your employees gets what is best for them. Give us a call at 800-383-1623.

What You Need to Know About HSA and FSA

It doesn’t matter if you are married, single or have children – healthcare is a large chunk of your budget every year, especially with an insurance plan that has a high deductible. Luckily, there are tax-friendly accounts, such as health savings accounts (HSAs) and flexible spending accounts (FSAs), which help make medical costs more affordable....

Fall Health Fairs

Lisa is on the road and visiting clients at their Fall Health Fairs. Many employees are preparing for open enrollment and we are available to answer your questions.

Mobile App

You can check your bank statements, play music and see where your kids are from your phone. Why not be able to view and manage your benefits accounts from your phone too? We offer a mobile app that allows you to do just that – contact us to learn more about it!

United Way

Our employees are proud to support United Way in their annual campaign. For turning in her United Way pledge card on time, Jessica, a lead administrator in the Welfare Benefits department here at Advantage Administrators, gets dinner on us!

Virtual Mock Interviews with Wartburg College

Last week, we partnered with Wartburg College’s Student Success Center for their Virtual Mock Interview Day. Fawn Wiebke met via Zoom with students preparing for real-world interviews. This was an excellent opportunity to work with Wartburg College and help prepare graduates to enter the workforce. Advantage Administrators and Wartburg College have a great history of...

HSA After Retirement

Most of your employees already understand that health savings account (HSA) withdrawals are tax-free when used for eligible expenses. What most employees miss out on is how significant this need is as they age. Reports show that the third largest expense for retirees, after housing and transportation, are healthcare costs. However, HSAs come with retirement...

Health Shopper

“How do I know what purchases can be reimbursed through my FSA or HSA plan?” We’re glad you asked. Check out Health Shopper to find a comprehensive list of eligible expenses -you can even place an order right through the site!

Happy Anniversary Paula!

Paula Hemingson is one of our operations assistants here at Advantage Administrators and is celebrating her fourth anniversary with the company. Be sure to wish her a happy anniversary if you see her today!

HSA vs. FSA

FSAs and HSAs are both accounts you can use to pay for health-related expenses, but there are several differences between the two of them. Go to our website or give us a call – we can help you figure it out!

Happy Anniversary Kala!

Happy anniversary Kala! Kala Meihost is always busy helping out with the day-to-day operations of Advantage Administrators and is one of the friendliest faces we’ve ever met. If you have the pleasure of seeing her today, be sure to wish her a happy anniversary!

Rivalry Week

Rivalry Week is best celebrated at work with breakfast pizza. Go Hawks! Go Cyclones!

Happy Anniversary Cathy!

Happy anniversary Cathy! Cathy Pruin is our resident expert on health reimbursement accounts and our clients’ go-to person if they have any questions. If you see her today, be sure to wish her a happy anniversary!

Retirement Plans

Retirement is closer than it may seem, and it’s never too early to prepare. We offer a variety of retirement plans to suit your need, but if you don’t believe it’s important, check out why the IRS believes setting up a retirement plan is important! 

Go Team!

We are kicking off the weekend and supporting our favorite area teams today. A special shout out to our staff children representing the Waverly-Shell Rock Go-Hawks, Clarksville Indians, Oelwein Huskies, and North Butler Bearcats! Go team!

FSA Store

When it comes to eligible FSA purchases, there are more options than you may think. Check out the FSA Store – an online shop that only sells item you can purchase using your FSA funds! https://bit.ly/2IaVtX3

How 2020 Changed Open Enrollment

2020 was a year unlike any other, and it affected everything- including open enrollment. As we gear up for this year’s open enrollment, here are some things to keep in mind.

Kind Words Cost Nothing

Lisa and Fawn were at a informational meeting yesterday and spotted this sign. “Kind Words Cost Nothing”- a good reminder!

Why Choose A Health Savings Account?

Curious on whether you should choose a health savings account? Advantage Administrators’ Fawn Wiebke chose to open an HSA for its excellent tax savings benefits. Hear it from Fawn herself by watching the video below!

School Supply Drive

It’s almost time for school to start up again, and area schools are always in need of donations for pencils, paper, tissues, disinfect wipes, and other supplies. We did a school supply drive with United Way. If you would like to make a donation, you can drop off at any school office.

Back to School Preparation

Back to school is right around the corner. Is your first aid kit prepped? Be sure to stock up on Band-Aids, Neosporin and gauze using your HSA or FSA funds!

Happy Birthday Cathy!

This week we celebrated Cathy’s 50th birthday! Happy birthday Cathy, and thank you for all you do for us and our members.

Most Valued Employee Benefits

Struggling to find and retain talent? It could be because of your employee benefits. Check out this article by the Harvard Business Review about the benefits employees really want – and then contact us to make it happen.  

Back to School Eligible FSA Items

Use your FSA funds to stock up on back-to-school essentials like pain medicine, orthopedic braces, contact solution, and more!

Congratulations Christina!

Join us in congratulating Christina Staton on her 4-year anniversary at Advantage Administrators today!

What’s Your Favorite Fair Food?

County fair season is winding down in Iowa. The Bremer County Fair will be in Waverly July 25th – July 31st . It has us thinking about our favorite fair foods. Funnel Cake, Mini Donuts and Cheese Curds are the staff favorites. What’s your favorite fair food?

Christmas in July

Our employees are bringing in toiletry donations this week as part of Christmas in July with United Way!

Let’s Chat Feature

Are employee benefits questions keeping you up all night? Use our “Let’s Chat” feature to get answers 24/7. Find “Let’s Chat” in the Employee Flex Portal online.

In Memory of Liz Wuertz

Today, we are honoring our former colleague Liz Wuertz. She shined a positive light every time she was in the office. She will be missed by many here and throughout the community. Go Knights!

4th of July

Happy 4th of July! What are you doing to celebrate today?

Health Shopper

Want to use your HSA or FSA funds, but aren’t sure if the product you want is eligible? Use Health Shopper! Health Shopper has hundreds of eligible products, which link directly to Amazon for purchase. It also has an eligible expense list, financial calculators, and more resources. Visit https://my-healthshopper.com/?id=10029 today.

Happy Anniversary Fawn!

Today we celebrate 23 years of having Fawn Wiebke on the Advantage Administrators team. Happy anniversary Fawn!

Closed July 5th

Advantage Administrators will be closed on Monday, July 5th in observance of Independence Day. We will resume normal hours on Tuesday, July 6th. Have a happy and safe 4th of July!

Employees – and You – Benefit from a Benefits Debit Card

Helping your employees save doesn’t just benefit them – it helps employers like you, too. Providing employee benefits that are easy to both understand and use will encourage them to participate.  Advantage Administrators recommends accomplishing this by providing employees with a benefits debit card.               Automated Spending Using a...

Summer Eligible FSA Items

As you start spending more time outside and on vacation, remember that many necessary summer items are FSA-eligible! Here are a few of our favorites. Always check with your Advantage Administrators representative first, as some of these do require a prescription.

Make Commuter Benefits Easy to Use

A unique and increasingly popular employee benefit is commuter benefits, which allow employees to put aside pre-tax dollars to spend on commuting expenses like parking and bus fare. Just as with other benefits, it’s important for employers to make this benefit easy to understand and use, in order for more employees to take advantage of...

Memorial Day

Happy Memorial Day! As you celebrate with parades and cookouts, don’t forget what this day is about- remembering and honoring our fallen soldiers.

In This Family Nobody Fights Alone

In this Family Nobody Fights Alone. Today, we wore shirts made by our team member Cathy in support of Bonnie.

Creating a Positive Work Environment with Self-Aware Leadership

Having an employee leave your company can be detrimental. According to a 2019 study by the DDI, 57% of employees have left one or multiple companies because of their manager – not their job. An additional 32% have considered leaving their job for the same reason. When you consider that employee turnover costs companies $11...

HSA Retirement-Planning Perks That a 401(k) and IRA Don’t Have

Only 16 percent of employers believe their employees are saving enough money for retirement. While many employers recognize this is an issue, determining the best solution has yielded a variety of different tactics. One retirement-planning account that’s often overlooked is a health savings account (HSA). Only 7 percent of HSA participants invest their funds, even though an HSA has retirement-planning...

We got the shot!

We got the shot! At Advantage Administrators, we’re doing our part to stop the spread of COVID-19. Several of our employees have already gotten the vaccine.

Closed Memorial Day

Advantage Administrators will be closed on Monday, May 31st in observance of Memorial Day. We will resume regular hours on Tuesday, June 1.

New HSA Contribution Limits for 2022

The IRS has announced an increase in Health Savings Account contribution limits for 2022. Individuals with self-only HDHP coverage may elect up to $3,650 and individuals with family HDHP can elect up to $7,300. There were no changes in the HDHP minimum deductible requirement, but a slight change in the HDHP maximum out of pocket...

Download our Mobile App

If you don’t have our mobile app yet, what are you waiting for? You can check your account balance, see investments, submit claims, and more! Download it today in the Apple App Store or on Google Play.

Congrats Graduates!

Congratulations to all of 2021 graduates! You faced a school year like no other, and it’s time to celebrate all of your accomplishments.

HSA Store

Don’t waste time at the store trying to figure out which products are HSA eligible. HSAStore.com offers ONLY HSA eligible items and has several HSA resources to help you make the most of your HSA!

Welcome Lisa!

Welcome to our newest Advantage Administrators team member, Lisa Smith! Lisa is a Lead Administrator in our benefit services department.

Should you Contribute to an HSA or a 401k?

When it comes to saving for retirement, a 401(k) might not be the best option. In fact, Health Savings Accounts (HSAs) offer all of the same advantages that 401(k)s do, but you also have tax-free access to your HSA funds now to cover eligible medical expenses. Talk to Advantage Administrators today about setting up an...

Supporting the Community with Lunches

At Advantage Administrators, we like to support our community here in Waverly. One of the ways we do that is by patronizing the Waverly Senior Center’s 506 Café. Once a month, we purchase lunch from the 506 Café for our employees. Last week, we also participated in the Northeast Iowa Food Bank Sack Lunch program.

Things to Think About When You’re Looking for an HSA Administrator

The only constant in life is change. And change can be difficult, particularly when it comes to healthcare. It’s easy to stick with what you know—familiarity matters—and a majority of employees do just that, but sometimes, what’s familiar isn’t always what’s best.   It’s not only employees who tend to stick with what they know,...

Welcome Jessica!

Please join us in welcoming Jessica Ingham to the Advantage Administrators team! Jessica started yesterday and is a Lead Administrator in the Welfare Benefits Department.  Jessica will be providing customer service for Flex, HSAs and HRAs.

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!

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.  

Happy Easter!

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

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...

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!

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!

Chip & Dip Day

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

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...

Happy St. Patrick’s Day!

Happy St. Patrick’s Day!

5 HSA Definitions You Should Know

Health Savings Accounts (HSAs) are one of the best ways to save for retirement or future medical expenses. Many employees don’t fully understand HSAs, and that may be holding them back from signing up for one. To clear up the confusion, here are a few key HSA terms and what they mean. Contribution: Funds that...

Service in the Community

The staff at Advantage Administrators are active in the community. In this photo from the Waverly Democrat’s March 4 paper, our janitor, Jeff Cornforth, and his daughter are working at the WSR referendum earlier this month. Jeff and Delaney are precinct co-chairs for Waverly elections.

You Need $175K for Healthcare Retirement Costs. Here’s How an HSA Can Help.

Your mission: To build a nest egg of $175,000 for healthcare costs in retirement. How are you going to get there? Great question. It’s a big goal! But it’s achievable. We wanted to show you how you can get to that number exclusively by using your health savings account (HSA) as the savings tool it’s intended to...

HSA and HDHP Awareness

Although high-deductible health plans (HDHPs) can sound intimidating, they can be part of a benefits plan pair that can have a significant impact on your retirement savings. By coupling an HDHP with a health savings account (HSA), you can set aside pre-tax earnings to pay for healthcare costs now or save it for retirement later.

Surprisingly Eligible Products

Flex spending dollars aren’t just for prescriptions. Check out these surprisingly eligible products on FSAStore.com!

New Employer Portal

We know that creating an easy-to-use, efficient experience for you is more important than ever. Which is why we are excited to announce that your portal is getting a major upgrade this weekend. With a fresh look and enhanced functionality, your portal is going to be easier to use, intuitive, and help you check things...

HSA Calculator

HSAs can be an incredible savings tool. We’ve got calculators on our website to help you calculate your goals, and to see how your HSA stacks up against a traditional health plan. Check them out at https://advantageadmin.com/hsa/ in the “HSA Links” section!

Happy Birthday Jonah!

Happy birthday to our Benefits Assistant, Jonah Johnson! When he’s not working, he enjoys collecting stamps, coins, and bouncy balls.

2021 Employee Pandemic Wellness Trends to Watch For

Since March, the COVID-19 pandemic caused a lot of changes to the workforce. Now, after nearly a year, Advantage Administrators has identified new wellness trends have emerged that employees may find beneficial. Integrated Mental Health Offerings More people than ever have been looking for help for anxiety and depression, both of which affect eating, sleep...

Food Bank Donations

The first Friday of every month, staff at Advantage Administrators donates food to the Bremer County Food Bank based on a different theme. In January we donated soup and crackers. In February it was Cheerios and instant oatmeal. In March, we will donate cake mixes, frosting and candles for birthday cakes. We will continue donating...

Valentine’s Day

Happy Valentine’s Day, lovebirds!

Snowflake Goals

Our team did a goal setting activity using snowflakes. We each created a snowflake and on it wrote three things that we learned in 2020 and three goals for 2021. We have them displayed in our workstations to keep us reminded of our goals throughout the year.

Tips to Get Your Claim Approved

When making a claim with your HSA or FSA, the claim will need to be approved to ensure that it is an eligible expense. Here are a few tips to make sure your claim gets approved. Check to make sure your expense is eligible before using your benefits card. Both HSAStore.com and FSAStore.com have lists...

Cinnamon Roll Fundraiser

Our staff enjoyed cinnamon rolls from the St. Paul’s Lutheran Church and School’s Vacation Bible School Cinnamon Roll Fundraiser this week. Yum!

FSA and HSA Purchases Under $10

FSAs and HSAs aren’t just for paying for medical appointments. You can also purchase eligible health products with those dollars. Here are a few eligible items you can get for under $10! Ice packs Reading glasses Wrist or ankle braces Boogie wipes Orthodontic pacifier Relaxation mask Acne treatment Pain relief items Bandages First aid kit

How do Employees Save With an HSA?

There are a several types of savings accounts people can choose from. A Health Savings Account (HSA) from Advantage Administrators, though, should be at the top of the list for employees. Its ability to be used for retirement savings and emergency medical expenses makes it an invaluable tool in one’s financial personnel, and its triple...

Staff Meeting in the Snow

With all of the snowfall last Friday, we decided to have our staff meeting outside and got creative with snow creations!

Health Shopper

We know that taking advantage of your HSA or your FSA can be confusing. Thanks to Health Shopper, there is a place you can learn about and shop for HSA and FSA eligible products! When you go to Health Shopper, you can: View an Eligibility List of HSA and FSA eligible products Access HSA and...

HSA & FSA Misconceptions

With so many benefit options, it’s not easy to keep them all straight. Here are some of the common misconceptions around HSAs and FSAs.                  

5 Surprising Eligible Expenses For Your HSA and FSA

A health savings account (HSA) or medical flexible spending account (FSA) can be used to purchase eligible expenses, and the list of things that are eligible is sizable and growing. For example, as part of a pandemic relief package in March, many over-the-counter (OTC) products that once required a prescription were permanently reinstated as HSA/FSA eligible expenses. Here are five things you may...

HSA Handbook for Every Generation

Health Savings Accounts, or HSAs, are a useful savings tool, no matter your age. For tips about talking to your employees of all ages, check out this HSA Handbook for Every Generation from our partners at Wex Health.

Stacy Jacobs Anniversary

Today we celebrate Stacy Jacobs’ 4-year anniversary working at Advantage Administrators! Happy anniversary Stacy!

Closed New Year’s Day

2020 is finally coming to a close! This is your reminder that the Advantage Administrators office will be closed on Friday, January 1st for New Year’s Day. We will be open again on Monday, January 4th with our normal hours. We wish you health and happiness in the new year!

Wex’s Top 2020 Blog Posts

Because of the COVID-19 pandemic, 2020 brought many changes to employee benefits rules and regulations. Wex Health has gathered its top 10 blog posts of 2020, many of which explain these changes and what they mean to employees. Click here to read the top blog posts of 2020.

Ways You’ll Benefit when Providing a Benefits Card

As an employer, you want to make employee benefits as easy as possible for your staff. Our plans provide your employees with benefits debit cards, loaded with their HSA or FSA funds. These cards have several benefits, including: Ease of use Automatic substantiation Reduced questions from confused employees about how to use benefits

Merry Christmas!

Merry Christmas and happy holidays to all of our family and friends! Have a wonderful holiday!

COVID Bill Offers Employers Ability to Provide FSA Relief

Last night, Congress passed a COVID bill intended to bring much relief to Americans and businesses struggling this year. It includes several provisions that will allow changes to FSAs and additional carryover of FSA funds, if permitted by employers. This bill is waiting to be signed into law by the President. Many details are needed yet to roll...

Use Your FSA Funds Before the End of the Plan Year

If you have a calendar year health insurance plan with a Flexible Spending Account (FSA), you’re running out of time to use up your FSA funds! FSAs are “use it or lose it” accounts, meaning that any unspent funds are lost when the new plan year starts. Some employers allow you to roll over a...

Closed for the Holidays

Advantage Administrators will be closed December 24 and December 25 for Christmas and January 1 for New Year’s Day to allow our employees to celebrate with their families. Happy holidays!

Gift Exchange

We had a white elephant gift exchange today.  Each person brought something from their home which started with the first letter of their first name.

Happy Holidays!

Happy Holidays! This year has been difficult for all of us, but with the holiday season comes a renewed sense of hope and joy. All of us at Advantage Administrators wish you and your loved ones a happy, healthy and safe holiday season, and a joyous new year!

Can I Use My HSA or FSA Funds to Pay For COVID Costs?

With COVID-19 still affecting many Americans, you may be wondering if you can use your Health Savings Account or Flex Spending Account to cover COVID-19 costs. This blog post from Wex explains which COVID-19 expenses are HSA and FSA eligible.

Adopting a Family

Every Friday, our staff can donate $1 to wear jeans to work. This month, we adopted a family through Cedar Valley Friends of the Family and used the jeans money from the entire year to purchase Christmas gifts for that family.

Open Enrollment- Post-Deductible FSA

A post-deductible FSA works differently than a medical FSA or a limited medical FSA. This video explains how.

Benefits Debit Cards

Americans now use debit cards more frequently than cash when making purchases. Providing a benefits debit card to your employees can make it easier and more convenient for them to use their employee benefits. Read this blog post from Wex to learn more.

Holiday Spirit

We’re getting into the holiday spirit here at Advantage Administrators! We have plenty of holiday decorations around the office, and every Friday in December we bring in treats to share!

Medical Expense Reimbursement Plans

An employer has several options when it comes to benefit plans to reimburse their employees for out-of-pocket medical expenses. This chart helps explain the different types of medical expense reimbursement plans and the differences between each.

Open Enrollment- Limited FSA

How is a limited FSA different from a regular FSA? Watch our video to find out!

Sue Schlumbohm Anniversary

Sue Schlumbohm has been with Advantage Administrators for 13 years today! Happy work anniversary Sue!

Open Enrollment- Dependent Care FSA

Funds from a Dependent Care Flexible Spending Account can be used to care for children, disabled dependents, or a disabled spouse. For more information, watch this video.

Happy Thanksgiving!

This year has been rough, but we still have a lot to be thankful for! Happy Thanksgiving!

Help Your Employees Prepare for Open Enrollment

Open enrollment can be a stressful time for your employees, especially when it hits at the same time as the holidays, and this year, in the midst of a global pandemic. Take a deep breath and relax- Advantage Administrators is here to help you and your employees navigate the open enrollment process, whether it be...

Help Employees with FSA Spend Down

As the calendar year wraps up, so do your employees’ flexible spending accounts (FSAs). FSAs are use-it-or-lose-it accounts, and there are limits on how much of these funds (if any) can be rolled over into the next year. Help encourage your employees to spend down their FSA before they lose any of their funds. This blog...

Enjoying the Warm Weather

Sprucing up the outside of the building on a beautiful November day before the white snow flies.

Open Enrollment- Medical FSA

Are you considering signing up for a medical FSA during open enrollment? This video gives you all the information you need to know about medical FSAs.

Will There Be a Twindemic?

With COVID-19 still ravaging the country and flu season on the horizon, health experts warn that the U.S. may experience a “twindemic.” A twindemic occurs when two pandemics happen at the same time. You can prepare yourself by getting a flu shot and continuing with COVID-19 precautions including social distancing and wearing a mask. You...

Happy Veteran’s Day

Happy Veteran’s Day! Thank you to all of the heroes, past and present, who have fought to protect our country. Here are a few of our staff’s family members who have served.

Let’s Chat Feature

Have you tried our new “Let’s Chat” feature? In the Employee Flex Portal online, you can reach us through chat 24/7/365 to get answers to your questions about your benefits.

Open Enrollment- HSA

Throughout this open enrollment season, we will be posting educational videos about different benefits plans that you may want to take advantage of. This video gives an overview of Health Savings Accounts (HSAs), who can use them, how they work, and how they are beneficial.

Jeff Cornforth Anniversary

Help us wish Jeff Cornforth a happy 5th work anniversary today!

Remember to Vote

Get out your to-do list, we’ve got something to add to the very top: VOTE! It’s election day! If you haven’t voted early, make sure to make time to get to the polls today!

Happy Halloween!

Happy Halloween from Advantage Administrators! How are you celebrating the holiday in a COVID-safe way?

2021 FSA & Commuter Benefits Contribution Limits Released

The IRS has now released 2021 contribution limits for FSAs, commuter benefits, and more. Below are the contribution limits for 2021. 2021 Medical FSA Contribution Limits 2020- $2,750 2021- $2,750 2021 Commuter Benefits Contribution Limits 2020- $270 2021- $270 2021 Medical Mileage Reimbursement 2020- 17 cents 2021- 18 cents 2021 HSA Contribution Limits (Previously Announced)...

Open Enrollment

Many companies’ healthcare open enrollment happens in December. Start researching now so when the time comes, you can be prepared and knowledgeable about which benefits are best for you and your family. Visit our website for information.

Staff Breast Cancer Shirt Day

Our staff all wore pink one day for Breast Cancer Awareness Month!

Save Money With Our Favorite Employee Benefits

Employee benefits can be complicated. You might be tempted to come into this open enrollment season ready to sign up for the same package as last year just to make it quick and painless. However, doing that may mean missing out on significant savings. Here, we’ll explain some of the most popular employee benefits and...

Ways Benefits Changed During COVID-19

The COVID-19 pandemic has changed our lives in many ways, including how we think about our healthcare benefits. WEX’s annual healthcare survey in June found that HSA contributions have increased, consumers appreciate their benefits more, and many have changed their opinion on online healthcare and telemedicine.

Columbus Day

Happy Columbus Day from Advantage Administrators!

Health Shopper and Amazon Prime Day

This year’s Amazon Prime Day is next week, on October 13th and 14th. On these two days only, Amazon Prime members save on exclusive deals, including some HSA and FSA eligible expenses! Click here to shop using Health Shopper, which offers eligible products that are fulfilled through Amazon. To learn more about the benefits of...

FSA Store Celebrates Breast Cancer Awareness Month

Our friends at the FSA Store are partnering with the American Cancer Society for Breast Cancer Awareness Month! Make a purchase of $50 or more this month and use the code PINK20 for 5% of your order to be donated! Click here to shop.

Retirement Tips

Are your employees worried about retirement? They’re not alone. This new blog post from Wex offers tips to help you help your team get their financial future in order.

Review of All Benefits

Employee benefits doesn’t just mean HSAs and FSAs. We can help you set up medical FSAs, DCAPs, limited FSAs, commuter benefits, post deductible FSAs, and more!   Contact your Advantage Administrators representative for more information or visit https://advantageadmin.com/ .

Breast Cancer Awareness Month

October is Breast Cancer Awareness Month! Advantage Administrators staff will be wearing pink next Thursday for the occasion.

Mobile App Updates

Anyone with an HSA or FSA through Advantage Administrators has access to our mobile app, which makes it easy to check your balance, submit receipts, and manage your investments. Recently, we made updates to our app to make it even easier to manage and monitor your plan. Here are some of the new features you...

Health Shopper

HSAs and FSAs can be confusing. We recommend using Health Shopper at the link below. Health Shopper has thousands of eligible products and can take you directly to Amazon to purchase them. It also has a comprehensive eligibility list, HSA and FSA calculators, and educational blog posts. https://my-healthshopper.com/?id=10029

Paula Hemingson Anniversary

This week we’re celebrating Paula Hemingson’s third anniversary at Advantage Administrators. Congrats Paula!

Hand Sanitizer Eligibility

If you were hoping to use your FSA or HSA to purchase hand sanitizer, you’re out of luck. Hand sanitizer is not eligible for reimbursement with an FSA or HSA.

Mobile App Updates

If you haven’t checked out our new mobile app updates yet, now is the time! Now, you can: – View your brokerage account balance in the app – Display Visa Mandate for pending transactions – Add multi-factor authentication for high risk mobile transactions And more! For more information, visit https://advantageadmin.com/ or contact your Advantage Administrators...

Kala Meihost Anniversary

Today we celebrate Kala Meihost’s 3-year anniversary at Advantage Administrators!

Cathy’s Anniversary

Help us congratulate Cathy Pruin on her 3-year anniversary at Advantage Administrators today!

Labor Day

Please note that we will be closed Monday, September 7th for Labor Day. Enjoy your holiday!

Customer Service Training

Recently we had a representative from Hawkeye Community College come up to our office to do customer service training. Advantage Administrators staff are always learning and developing our skills!

Mobile App Updates

The Advantage Administrators app is getting even easier to use! We’ve made a few updates to ensure that your HSA or FSA plan is simple to monitor. Now, you can: Use the Consumer Portal to access receipts uploaded through the mobile app See your original HSA distributions related to an adjustment contribution View and modify...

Health Shopper

Save money by using your untaxed HSA or FSA funds to purchase eligible products like first aid supplies, bandages, allergy medication, and more! Visit Health Shopper for an easy way to shop for eligible products!

Mask Eligibility

One of the questions we’ve been getting a lot is are face masks HSA and FSA eligible? Here’s the answer: disposable face masks are not an eligible FSA expense unless you have a Letter of Medical Necessity for a medical condition that requires you to wear a face mask. Disposable face masks may be purchased...

2020 Census

Census Takers in Your Neighborhood Starting in July, census takers will visit homes that haven’t yet responded to the 2020 Census.   What To Expect Census takers will wear masks and follow local public health guidelines when they visit your home. All census takers complete a virtual COVID-19 training on social distancing and other health...

First Day of School!

Everyone at Advantage Administrators would like to wish teachers, parents, children, school administrators, janitors, bus drivers and cooks a wonderful new school year! Have a great first day back!

Back to School

Back to school time is quickly approaching, and this year promises to be even more hectic than normal. With the COVID-19 pandemic making so much uncertain, we at Advantage Administrators want to provide some guidance on how to keep your family safe at school and make the most of your HSA or FSA during this...

Thank you!

A big thank you to all of the utility workers, tree removal services, and others for all of their hard work cleaning up and getting the power restored after the derecho earlier this week! We appreciate you!

Mobile App

We make it easy to manage your employee benefits with the Advantage Administrators mobile app. Use it to check your balances, submit FSA and HSA documentation, and file claims. Download it in the Apple App Store or the Google Play Store.

School Supply Donations

Yesterday we collected school supplies to be donated to area schools including WSR, Oelwein, North Butler and Clarksville.

School Physicals

As you start to get the kids ready for the new school year, you’re likely scheduling physicals for school and sports. Don’t forget that these appointments are FSA and HSA eligible!

More Summer Gardens

We’ve got more garden and flower photos! How are your plants doing in this heat?

Mid-Year Switch Made Easy

Thinking of changing your HSA administrator mid-year? This can seem daunting, but Advantage Administrators can make it easy and worry-free. We will minimize the disruption of your plan and provide you with a simplified, thorough replacement.   Not only does Advantage Administrators have years of experience in servicing HSAs, we also have experience in providing...

What Christina Loves About Working at Advantage Administrators

What Christina loves about working at Advantage Administrators is that she’s always learning new things.

Summer Gardens

One of the best things about summer is the beautiful flowers and plants. Here are some photos our staff shared of their gardens. Show us your gardens in the comments!

Summer Travel

Tis’ the season for vacations! Before you hit the road, pick up travel essentials like a travel first aid kit, sunscreen, and bandages using your benefits account from FSAStore.com or HSAStore.com!

Christmas in July

Waverly-Shell Rock Area United Way is hosting Christmas in July! Please consider donating. Items can be dropped off at the Waverly Life Church.

Wear Your Mask

Please wear a mask.   COVID is spreading quickly again and wearing your mask keeps others safe.

Closed July 3rd

Our office will be closed Friday, July 3rd for Independence Day. We will return Monday, July 6th with regular hours. Have a happy holiday weekend!

Retirement Planning with an HSA

Over half of Americans have less than $1000 saved for retirement. Get your savings on the right track by using an HSA to save and invest. Talk to your Advantage Administrators representative today!

HSA Investments Made Easy

Health Savings Accounts are a powerful tool for retirement planning, but we know that sometimes investing can feel intimidating. Planning for retirement can seem overwhelming, but Advantage Administrators is here to make it all a little bit easier.   Healthcare costs are often a major part of retirement expenses, which is why an HSA is...

Closed for Maintenance

Advantage Administrators will be closed Tuesday 6/23/2020 from 2:30 pm – 5:00 pm due to Waverly Light and Power installing new electrical lines to our building. Our telephone , fax and email will not be operational. The employer and employee portals for all benefits will still be operational. Our office will be open and operational...

Community Anti-Racism Prayer Vigil Video

If you missed the Community Anti-Racism Prayer Vigil this week, you can watch the entire thing here!

Summer FSA/HSA Items

Summer is here! Stock up on essentials like sunscreen, prescription sunglasses, insect repellent, and more at FSAStore.com or HSAStore.com!

Community Anti-Racism Prayer Vigil

Coach Marcus Newsom of Wartburg College invites the community to a prayer vigil on Wednesday, June 17 at 6 pm at Kohlmann Park in Waverly, Iowa. It will begin with remarks from Coach Newsom followed by silent prayer for 8 minutes and 46 seconds. Places to safely stand will be marked as we are asking...

Food Bank

We collected food for the Waverly Food Bank last Friday.

Mistake You May Be Making With Your HSA

The greatest mistake you could be making with your HSA is not using it for investing. When you invest HSA funds, you’ll make more money to help build your retirement savings. For more information, visit https://advantageadmin.com/hsa/ or talk to your Advantage Administrators representative today.

What Rod Loves About Working at Advantage Administrators

Rod loves working at Advantage Administrators because he gets to help people.

Spring into Savings with an HSA or FSA

Spring is in the air! But so are dust and pollen and mold spores (oh, my!), which cause a host of sinus and allergy problems for millions of Americans. But if you have a Health Savings Account (HSA) or a Flexible Spending Account (FSA) from Advantage Administrators, you can use those funds to help you...

Closed Memorial Day

Advantage Administrators will be closed on Monday, May 25th in observance of Memorial Day.

2021 HSA Contribution Limits

On May 21, 2020 the IRS announced new HSA contribution limits. In 2021, the self-only contribution limit will rise from $3,550 in 2020 to $3,600. The family contribution limit will rise from $7,100 in 2020 to $7,200. The IRS also announced 2021 high-deductible health plan amounts and expense limits: If you have questions or need...

Platoon Two

We’re still limiting the number of people in our office at once. We’d like to introduce you to Platoon Two, which works 10:15 am-5 pm: Fawn, Stacy, Sue, Christina, and Phephile.

What Sarah Loves About Working at Advantage Administrators

Sarah loves working at Advantage Administrators because of the small company feel and involvement in the community.

5 New Expenses Eligible for Your HSA & FSA Funds

When you participate in a Health Savings Account (HSA) and/or Flexible Spending Account (FSA), you’re able to contribute pre-tax funds for use on hundreds of eligible expenses. Recently, you gained even more flexibility in your ability to save when the CARES Act was signed into law. This new legislation expanded the list of expenses that are considered eligible...

Health Shopper Updates

The CARES Act was signed into law on Friday, March 27th, 2020 as an additional piece of legislation crafted to help Americans during the COVID-19 pandemic. For your convenience, we’ve outlined a few of the highlights below: • OTC (over-the-counter) products as eligible expenses. The CARES Act permanently reinstated over-the-counter products as eligible expenses for...

Hangman

While Platooning, we have a daily message board and the two platoons have been playing Hangman. Here are our Hangman games!

Dependent Care FSAs

Struggling to keep your kids occupied while they’re out of school? Remember that Dependent Care FSAs let you set aside up to $5,000 for daycare expenses like preschool, after-school care, daycare, and summer day camps!

New Eligible Expenses

The recent CARES Act enacted by the U.S. government granted HSA and FSA eligibility to new products, including over the counter (OTC) medications and menstrual products. Watch our video to learn more.

Platoon One

In order to decrease the amount of people in the office at once during the COVID-19 pandemic, we’ve split into groups that work at different times. Here’s Platoon One, which works 6 am- 12:30 pm- Sarah, Cathy, Kala, and Andrew!

Telehealth

Technology is changing the way we look at a lot of things- including our healthcare. With what’s known as “telehealth,” some patients are seeking medical answers, and even participating in physician visits, online or via an app to help curb medical costs. To learn about your telehealth options, talk to your Advantage Administrators representative today!

Window Signs

Thanks to Sarah Claiborne’s uncle for making these signs for our windows!

How to Make Sure Your Claim is Approved

Why Participate in an HSA

Are you too young and healthy to worry about using an HSA? Actually, now is the best time to start an HSA- when your healthcare expenses are low. For more information, talk with your Advantage Administrators representative or visit https://advantageadmin.com/hsa/ today!

CARES Act Updates on FSAStore.com and HSAStore.com

The recent CARES Act enacted by the U.S. government includes updates regarding FSA and HSA eligible items. The eligibility lists on FSAStore.com and HSAStore.com have been updated to reflect these changes. Over-the-counter medications and feminine care products are now eligible. Both websites now accept FSA and HSA debit cards for these items. Both websites will...

The Pets of Advantage Administrators

Getting bummed out being in quarantine? The pets of Advantage Administrators employees are here to cheer you up!

HSAs & Taxes

Have you filed your taxes yet? If you have an HSA, follow this checklist to ensure you file correctly. For more information, contact your Advantage Administrators representative.   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...

Heart Hunters

Be safe and be well, from your friends at Advantage Administrators. #HeartHunters

Closed for Easter

Advantage Administrators will be closed the afternoon of Friday, April 10, 2020 for the Easter holiday.

Spring Wellness

Spring is in the air! It’s time for sunshine, green grass, and…allergies. Get everything you need for allergy relief using your employee benefits at FSAStore.com or HSAStore.com!

Homemade Disinfectant Wipes

Bonnie and her granddaughter, Leah, made homemade disinfectant wipes for the office. The recipe is in the photos if you want to make some too!

Over-the counter (OTC) Medications are Once Again Flex & HSA Eligible

Over-the-Counter (OTC) medications (such as Tylenol and Flonase) are once again “qualified medical expenses” for Health Flexible Spending Accounts and Health Savings Accounts thanks to the CARES Act stimulus bill passed by Congress and signed by the President on Friday, March 27, 2020. The OTC medication must have been purchased on or after January 1,...

Extending March 31 Flex Claims Filing Deadline?

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...

2019 HSA Contribution Deadline

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...

FSA March Madness

Missing March Madness? We’ve put together an FSA-eligible expense bracket instead! Which of these eligible expenses would win your bracket?

How do Work Hour Changes Affect Cafeteria Plan Benefits?

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...

Paula’s a Grandma!

Our receptionist, Paula, became a grandma for the first time this week. Congratulations Paula!

COVID-19: Advantage Administrator’s Commitment to You

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...

HSA Tax Time Tips

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...

System Unavailability – March 14th

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.

National Nutrition Month

March is National Nutrition Month! Consider sharing these nutrition tips with your employees to promote a healthy team. Eat fruits, veggies, and protein for breakfast, and never skip it. Cut down your sugar intake. Replace sweets with fruit and sugary drinks with water. Eat whole grains. Avoid processed foods.

What Fawn Loves About Working at Advantage Administrators

Fawn has been at Advantage Administrators for over 21 years. She likes working with different employers across Iowa and the Midwest.

FSA Grace Period

If you didn’t spend all of your FSA funds last year, the grace period is almost over! Spend your FSA funds before March 15 to avoid losing them. For FSA eligible items, visit FSAStore.com.

On the Go

You’re always on the go. Now, your benefits are too. Download the Advantage Administrators mobile app today!

Mileage Reimbursement Rate

As a reminder, the 2020 flex mileage reimbursement is 17 cents per mile, down from 20 cents per mile in 2019.

Loney Debully is another one of our Wartburg interns this semester! She’s a senior studying Business Administration with a Management concentration. Originally from Malaysia, Loney would like to stay in the US after graduation and work in a hotel or human resource management.

Winter Health

Winter is prime time for injuries and sickness. Help curb some of those by following these tips: – Wash your hands frequently. – Salt your driveway, sidewalk, and exterior stairs. – Wear layers and waterproof boots when outside. – Keep a winter emergency kit in your car. – Take vitamins (specifically Vitamin D).

Say hello to one of our interns, Andrew Walker! Andrew is a senior at Wartburg College, majoring in Economics and Business Administration. He will be attending Iowa Law School in the fall.

HSA Investment Tips

We’ve said it before, and we’ll say it again- HSAs are an incredible tool for saving for your future. Here are a few tips to ensure that you are making the most of your HSA investments. – Review your investments regularly and assess their performance. – Alter your strategy to account for your life changes....

What Paula Loves About Working at Advantage Administrators

Paula enjoys learning something new every day at Advantage Administrators.

Passphrases

Part of managing your employee benefits involves keeping your online account secure. One way you can do this is by using a passphrase instead of a password. A passphrase is longer and includes a sequence of several words. We recommend using a passphrase that is at least 14 characters and doesn’t include words or numbers...

New Card Request

If your FSA or HSA debit card is looking a little rough, you can request a new one through your online account or the mobile app!

Teamwork

Teamwork is key here at Advantage Administrators! Recently, we all pitched in and helped finish up a special mailing project.

Group Change Game

Sometimes you have to break up the work day with a little game! We split our staff into two groups and had them take turns leaving the room and coming back with changes amongst and on themselves. Can you find all of the differences?

Mobile App Investments

Did you know that you can review your HSA investment details in the Advantage Administrators mobile app? You can view your balance, portfolio, recent activity and more. Download the app today in the Apple App Store or the Google Play Store!

What Stacy Loves About Working at Advantage Administrators

Stacy likes the warm, cozy culture and the flexibility of working at Advantage Administrators.

Happy New Year!

Welcome to the Roaring 20s! Happy new year!

Eligible Expense Scanner

If you want to purchase an item using your FSA or HSA but aren’t sure if it’s eligible- just use the Advantage Administrators mobile app! The app has an eligible expense scanner, which can determine from a barcode scan if that item is eligible. Download the app today in the Apple App Store or the...

Merry Christmas and Happy Holidays!

From our Advantage Administrators family to yours- Happy Holidays!

Holiday Hours

Advantage Administrators will be closing at noon on December 24th, and will remain closed December 25th so our staff can spend time with their families. We will also be closed all day January 1st. Have a great holiday!

Ugly Sweater Day

We had so much fun getting into the holiday spirit on ugly Christmas sweater day!

Deer Hunting

Since it’s deer hunting season, we decided to go “deer hunting” in the office- complete with hunting attire!

What Sue Loves about Working at Advantage Administrators

Sue’s favorite part of her job is the variety and the family-like atmosphere.

Invest With HSA

HSAs can be very powerful investment tools. In order to make the most of yours, keep in mind these pointers: – Determine how much you can afford to invest. – Set goals for how much you want to save. – Consider your options regarding your age, funds, and other factors.

Happy Thanksgiving!

Happy Thanksgiving! Enjoy this day with loved ones.

Closed for Thanksgiving

Advantage Administrators will be closed Thanksgiving and the day after so our staff can spend time with their families. We will be back in the office Monday, December 2nd. Have a great holiday!

Fun Sock Day

Bonnie brought back candy-themed socks from her Hershey vacation, so we had fun sock day at the office!

Do You Need A Prescription for Antacids?

Holiday meals can leave you feeling less than perfect. So, what do you think- do you need a prescription to purchase antacids using your FSA or HSA? As it turns out, you do need a prescription. Any over the counter item that contains an active medical ingredient requires a prescription for reimbursement with an FSA...

You Have an HSA- Now What?

You have an HSA… now what? Make it work for you! Your contributions are tax-deductible, and you can invest the money in your account to help it grow even faster. Find out how Sue is doing with her HSA – Watch Part 2 now. See Sue Grow With Her HSA

World Kindness Day

Happy #WorldKindnessDay! We celebrated by wearing cardigans in honor of the father of kindness, Mr. Rogers.

Veteran’s Day

Today, we honor all veterans who have put their life on the line for our country. Thank you.

Minute to Win It

Sometimes we let loose on Fridays and take a break with Minute to Win It games!

New Flexible Spending Account Contribution Limits

The IRS has just announced tax inflation adjustments for the tax year 2020. Under IR-2019-180, the Health Flexible Spending Account contribution limit was raised $50 from $2,700 in 2019 to $2,750 for 2020. For more information about Flexible Spending Accounts, visit our website or contact your Advantage Administrators representative today.

Save With an HSA

HSAs are awesome! The money is always available to you, and if you let the money to grow, it can be a great way to save for the future. Watch our video to see for yourself.

Breast Cancer Awareness Month

We wore pink to observe Breast Cancer Awareness Month in October. #BreastCancerAwarenessMonth

Open Enrollment Savings

Get spooky good savings when you get an HSA or FSA during open enrollment season!

Oktoberfest 2019

Did you see us at Oktoberfest a few weeks ago? Advantage Administrators and Fortress Benefits had a lot of fun with our duck race game!

Happy HSA Awareness Day!

Happy HSA Awareness Day! Many Americans are unaware of the varied benefits that a health savings account offers. Here’s why some of our clients love their HSAs! Why do you love your HSA? #LoveMyHSA #HSADay

What if I Outlive My Money?

Many people are worried about having enough money in retirement, especially with the rising cost of healthcare. Escalating healthcare costs are having a devastating effect not only on Americans’ financial health and preparedness, but on their psyche and overall wellness. Download your copy of the report today: https://lnkd.in/eNytWgz

HSA Deposit Amounts

Did you know that starting next year, you can deposit up to $3,550 (for an individual) or $7,100 (for a family) TAX FREE into your HSA account? To learn more about HSAs and their triple tax advantages, talk to your Advantage Administrators representative today!

What Kala Loves About Working at Advantage Administrators

Kala, our jack of all trades, loves the small company atmosphere at Advantage Administrators. Hear more in her video!

HSA Investments

With many HSA providers, your money goes into a traditional bank. At Advantage Administrators, your money goes into an investment account, which can grow your savings at a much faster rate. For more information, visit https://advantageadmin.com/hsa/.

Tailgate Fridays

It’s finally fall and that means cool weather, pumpkin spice, and tailgating! Here at Advantage Administrators, we really get into the fall spirit with Tailgate Fridays. Each Friday we wear team shirts and enjoy tailgating snacks!

Health Plan Differences

Choice is good, but when 49% of American workers surveyed say they have a hard time seeing the differences among health plan options, it can be overwhelming. Many people also don’t feel like they’re organized enough or smart enough to choose HSA-qualified plans, for example, so they simply choose what they had before and miss...

Waverly Day of Caring

For Waverly’s first annual Day of Caring, employees at Advantage Administrators and Fortress Benefits worked together to make tie blankets for Cedar Valley Friends of the Family.

Benefits Confusion

Half of American workers surveyed are confused by healthcare benefits jargon. And it causes many people to simply go with the plan they had before versus really understanding what’s best for them financially. Escalating healthcare costs are also having a devastating effect not only on Americans’ financial health and preparedness, but on their psyche and...

Advantage Administrators Benefits Suite

HR Professionals- use the Advantage Administrators Benefits Suite to manage new hire paperwork, PTO, compliance, and eligibility, all in one place!

HR Technical Information

Many American workers get confused, overwhelmed and downright exhausted just thinking about the Open Enrollment education sessions offered by their HR teams. And it causes many people to simply go with the plan they had before versus really understanding what’s best for them financially. What was also found, and what’s explored in depth in the...

HSA vs. Roth vs. 401(k)

A health savings account, or HSA, can be a powerful retirement savings tool. In fact, HSA’s offer a 31% increase in purchasing power at the time of retirement over a 401(k) or a Roth IRA. To learn more about health savings accounts, visit https://advantageadmin.com/hsa/.

Financial Trust

Nearly half of American workers surveyed in the new consumer-directed health plans report said they don’t know who to trust when it comes to their financial and physical health. What it also found, and what is explored in depth in the new “Paying for Healthcare in America” report, is that escalating healthcare costs are having...

Happy Work Anniversary, Cathy!

Cathy is an integral part of the Advantage Administrators team. Here’s what she loves about Advantage Administrators!

Jeans Day Every Day

While the boss is away, the employees will play! Since the boss is on vacation, we’re doing jeans day every day, as well as flip flop, tennis shoes, and different themed shirt days! Employees who participate will have a chance to win a Texas Roadhouse gift card!

Mobile App

If you need to submit FSA and HSA documentation, you can simply take a photo of your receipts using the Advantage Administrators mobile app. Download it today in the Apple App Store or the Google Play Store.

Closed Labor Day

Advantage Administrators will be closed Monday, September 2 in observance of Labor Day. We will resume normal hours on Tuesday, September 3.

FSA Store

The online FSA Store is filled with FSA-eligible items, and it’s open to everyone- not just Advantage Administrators clients! Visit this link and use code “CBAA5” to get $5 off today!  

HSA: A Win/Win

Health Savings Accounts are wonderful benefits for both employers AND employees. HSAs are only available to those with a high-deductible health plan, which costs less for employers. Contributions made by employers are also tax deductible. Employees get several tax savings (pre-tax funds, no tax for withdrawals, and tax-free interest), funds don’t expire, and they save...

Scrap Metal Drive

Last week, we were happy to clean out the office while also helping a good cause. All metal was donated to the St. Paul’s Lutheran Church and School’s scrap metal drive.

Electronic Banking Delays

Advantage Administrator’s, Financial Institution, State Bank will be completing a merger with Fidelity Bank & Trust later this week. We will be experiencing a delay with our electronic banking files on August 15th and 16th. We will run the files as usual and the bank will complete an expedited transfer on Monday, August 19th. This...

Introducing Health Shopper

The easiest way to learn about, shop for, select, and purchase HSA/FSA eligible retail items. We at Advantage Administrators are pleased to announce the availability of Health Shopper, an e-commerce website designed around shopping for HSA/FSA eligible items and purchasing via the Amazon.com shopping experience. Health Shopper gives you the ability to search for a...

School Supply Drive

Recently we partnered with Fortress Benefits to collect school supplies to donate to St. Paul’s Lutheran School. Have a great school year!

Cut Your Time Managing Employee Benefits

You don’t have to spend all of your time managing your employee benefits. With the Advantage Administrators app, you can view account balances, submit documents, and check purchase eligibility on the go. You can also order additional debit cards from the AdvantageAdmin.com website.

Congratulations Christina!

July marks Christina Staton’s 2nd anniversary at Advantage Administrators! She is an integral part of our team, and we admire her dedication to her job.

Congratulations Bonnie!

Congratulations to Bonnie Drenkow on her anniversary at Advantage Administrators! She has helped the company grow and progress for 30 years, and we couldn’t be more thankful for all she does.

The Differences between HRA’s and FSA’s

Both Health Reimbursement Arrangements (HRA’s) and Flexible Spending Accounts (FSA’s) are pre-tax benefits to help pay for medical costs. While both are owned by the employer, they can differ in terms of who funds them, contribution limits, and health plan eligibility. Contact your Advantage Administrators representative today for more information.

Congratulations Fawn!

Wow! This month marks Fawn’s 21st anniversary at Advantage Administrators! Thank you for being such a loyal and crucial part of our team.

Advantage Administrators Mobile App

The Advantage Administrators app offers many benefits- including security. Log in using your fingerprint, so nobody except you can access your information. Once in the app, you can: Check your account balances Make an HSA contribution Make payments Submit claims Find FSA and HSA eligible expenses And more! Download the app today in the Apple...

FSA for CPAP Supplies

Sleep apnea sufferers- did you know you can buy CPAP cleaning supplies with your FSA funds? For that and any other FSA purchase, visit FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase!

Help Your Employees Achieve Financial Wellness

Over three quarters of all Americans admit to sometimes being stressed about their finances, with 30% of Americans saying they’re “constantly” stressed about money. With so many of your employees feeling the same burden, your company’s productivity is likely to suffer. Consider taking steps to help encourage the financial wellness of your employees by providing...

Happy Independence Day!

Happy 4th of July from your friends at Advantage Administrators!

Mid-Year Election Changes

In general, changes can only be made to your insurance plans at the start of a new year. However, there are a few instances where mid-year election changes are allowed, such as: Marriage or divorce Change in number of dependents Change in employment status Change in residence Entitlement to Medicare or Medicaid Reduction of hours...

Advantage Administrators Benefits Suite

Eligible Summer Expenses

It’s officially summer! Buy your summertime essentials using your FSA or HSA. These items are all eligible, although some require a doctor’s prescription. Sunscreen Bug spray Sunburn creams Lip balm First aid kits Bandages

Congratulations Rod and Advantage Administrators!

In June of 1987, Rod Drenkow founded Advantage Administrators (then known as R.D. Drenkow & Co., Inc.). Help us in congratulating Rod and Advantage Administrators on 32 fantastic years serving Waverly and the Cedar Valley!

Buy Prescription Glasses with your FSA

It’s easy to purchase prescription glasses with your flex spending account. Simply visit the FSA Store website to order online.Use code “CBAA5” to get $5 off today! https://bit.ly/2q2LafK

How Technology has Changed the Employee Benefits Process

Technology has made it easier to communicate with friends around the world, access virtually unlimited information, and even streamline your employee benefits process. With HR software, benefits administrators like us can quickly and easily set up open enrollment and plan renewals. You can visit our website or the Advantage Administrators app to get quick answers...

Save With an HSA

Health Savings Accounts are a great way to set aside money to cover large or unexpected medical costs. However, they can be a great way to save money and build your retirement fund. Consider taking these steps now to build your HSA: Only spend HSA dollars when necessary- cover regular, smaller medical expenses out of...

Mid-Year Open Enrollment

Some companies renew their benefits plans mid-year. That means your open enrollment period may be coming up. To find out for sure, talk to your employer or your Advantage Administrators representative.

IRS Announces HSA 2020 Contribution Limits

Learn more about IRS 2020 HSA contribution limits here! New: IRS Announces HSA and HDHP Contribution Limits for 2020

WexHealth Spark Conference

Earlier this month, Bonnie and Fawn attended the WexHealth Spark Conference in sunny Miami, Florida. The focus was on health benefits including HSAs, FSAs, and HRAs. They met other TPAs across the country and learned about the latest software upgrades, new legislative happenings, and new educational tools.

FSA Store Coupon

The FSA Store makes it easy to purchase Flex Spending Account eligible items, such as glucose test strips, ice packs, and reading glasses. Visit FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase today!

Ideas for Spending Your FSA Funds

Although it’s still early in the year, it’s important to make sure your FSA dollars are getting used, so you don’t have to rush to spend a remainder at the end of the year. Here are a few ideas on what you can use your FSA on: Schedule dental exams, eye exams, or physicals Schedule...

Cedar Valley Friends of the Family Donation

We love to support our local community. Recently, we collected pillows to donate to Cedar Valley Friends of the Family!

What is COBRA?

COBRA coverage is an elective benefit which helps to continue your insurance coverage when it would otherwise be lost due to: Voluntary or involuntary termination (in most cases) Hour reduction Death of employee Divorce or legal separation from employee Loss of dependent status Medicare entitlement of employee Employer bankruptcy For more information about COBRA, visit...

Congrats to Sarah Claiborne

Please join us in congratulating Sarah Claiborne on 14 years at Advantage Administrators! Sarah is an incredible asset to our team. Thank you, Sarah, for all of your incredible work!

Your HSA Questions, Answered

Employee benefits can be confusing. To help, we’ve outlined a few of the most common questions about HSA’s:   What is an HSA? HSAs, or Health Savings Accounts, are accounts in which you can contribute pre-tax dollars to use on eligible products and healthcare services. It can also be used as a savings account or...

Iowa Employment Conference

Did you see us earlier this month at the Iowa Employment Conference at Prairie Meadows in Altoona? Advantage Administrators and Fortress Benefits were sponsors at the event!

Employee Wellness

Good employee wellness can lead to fewer sick days, a higher productivity, and fewer healthcare claims. To encourage wellness, consider offering healthy snacks in the office, wellness programs, competitions or incentives, or even having standing desks for your employees.

FSA Store Bundles

At the online FSA Store, you can get everything you need with one of their specialized bundles! They have a Foot Care Bundle, a Hi-Tech Health Bundle, a Baby Care Bundle, and much more. Find your bundle and use code “CBAA5” to get $5 off today! https://bit.ly/2q2LafK

HDHP & Your Employees

If you’d like to offer your organization a high deductible health plan, it can sometimes help to let your employees choose between an HDHP and a PPO for a couple of years first. This gives employees plenty of time to research and hear about the benefits of an HDHP from their coworkers who chose that...

Business Partner of the Year Award

Today, Advantage Administrators and Fortress Benefits will receive the Business Partner of the Year Award from the University of Northern Iowa Nonprofit Leadership Alliance. The Cedar Valley Nonprofit Luncheon Selection Committee said, “Your remarkable effort to provide care to individuals and to the Cedar Valley stands out in our community and makes a significant impact...

HSA Benefits for Employers

HSAs are not only a great benefit option for your employees, but employers also benefit from offering an HSA. You’ll see lower premiums, and your contributions to employees’ HSAs are tax deductible.

Staff Bonding

Work is fun when you work with great people like this! Earlier this month, our staff gathered at Rod and Bonnie’s house for a meal, socializing and a movie- Bohemian Rhapsody!

Food Bank Donation

The first Friday of each month is food bank donation day at Advantage Administrators. Anyone who brings food donations for the Northeast Iowa Food Bank can wear tennis shoes or flip flops that day. This month we upped the ante by saying the boss would match all employee food donations- 2 food items for tennis...

Eligible Expense Scanner

If you’d like to make a purchase using your FSA or HSA, but aren’t sure if it’s eligible, download our app! The Advantage Administrators app has an Eligible Expense Scanner that lets you know what you can and cannot use your benefit card on. The Advantage Administrators app is available in the Apple App Store...

Use your FSA to Buy Spring Essentials

Spring is on its way! Don’t forget you can use your FSA to get warm weather essentials like sunscreen and bug spray. Head on over to FSAStore.com today! Use code “ADVANWEL” to get $10 off your first purchase.

HSA Mistakes

The biggest mistake you can make with your Health Savings Account is not investing your funds to take full advantage of an HSA’s money-earning abilities. Talk to your Advantage Administrators representative today about how you can invest your HSA funds.

Happy birthday Jeff!

Today is Jeff Conrforth’s birthday! Jeff is the janitor, and a very valued team member, here at Advantage Administrators. Happy birthday Jeff!

Use Your Tax Refund Better

It’s always exciting to get a tax refund, but many people end up spending it on necessities- such as healthcare they can’t afford during the rest of the year. Consider using an HSA or FSA during the year so that you can use your tax refund on something else.

Staff are Like Family

Our staff are helping our janitor put together and set up new cubicles.  At Advantage Administrators, staff are like family.  We work together to help each other.

Rod Drenkow is a Signature Elite Advisor

Rod Drenkow has achieved Elite status with Ascensus for 2019. As a Signature Elite advisor, his clients will have dedicated access to their award-winning retirement plan service team. We are proud of Rod for being recognized by an organization that helps millions of Americans make the dream of a stress-free retirement a reality, and we...

What are Commuter Benefits?

How would you like to be paid for your daily commute? Some employers offer Commuter Benefits plans, in which you can designate a portion of your paycheck, pre-tax, to an account that covers public transportation, parking costs, and even bicycle repair. By using those dollars pre-tax, you can save a significant amount. It’s almost like...

FSA Store Coupon Code

Are you in love with your Flexible Spending Account? Use your FSA funds at the FSA Store to make purchases. Everything on the site is eligible! Use code “CBAA5” to get $5 off your next purchase. Click here to visit the FSA Store.

Presidents’ Day

Advantage Administrators is closed Monday February 18th in honor of Presidents’ Day

Pre-Tax Benefits, Explained

There are several benefits options that allow you to use some of your paycheck dollars pre-taxed: Flexible Spending Accounts, Health Savings Accounts, and Health Reimbursement Arrangements are just a few options. Talk to your Advantage Administrators representative to find out how these types of accounts can benefit you.

Advanced Pension Conference

Our team is always expanding its industry knowledge. Right now, Rod Drenkow is at the FIS Advanced Pension Conference at the Hard Rock Hotel Universal Studios in Orlando learning about industry trends and legislative developments.

Strategies to Maximize Your Savings This Year

If your New Year’s resolution is to build your savings, then we can help. Taking advantage of benefits like HSA account investments and FSA accounts can actually help you save money. To learn more, contact Advantage Administrators today!

Incentivize Smoking Cessation

As an employer offering a health plan, it’s in your best interest to encourage employees to stop smoking, and winter is the perfect time. Smokers have a higher risk of getting frostbite than non-smokers, due to their blood vessels not expanding fast enough to warm cold extremities. Consider helping your employees stop smoking by: Making...

FSA for Cold & Flu Products

It’s winter cold and flu season. Use your FSA debit card to purchase items like prescriptions, thermometers, face masks, hand sanitizer, and more!

Advantage Administrators Mobile App

Have you downloaded the Advantage Administrators mobile app yet? The app makes it easy to make HSA contributions or distributions and to manage your investments. Download it in the Apple App Store or the Google Play Store today!

FSA Store

If your benefits reset at the beginning of the year, that means your flex spending account is full! Head over to https://FSAStore.com and use code “ADVANWEL” to get $10 off your first purchase! Don’t forget to share the coupon code!

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.

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!

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.

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:

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....

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!

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...

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!

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.

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!

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.

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

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...

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!

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!

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,...

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.

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!

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.

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...

Pumpkin Decorating

We had a spooky day on Friday decorating pumpkins!

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 https://bit.ly/2xaZ6YW for resources or call us today.

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! https://bit.ly/2q2LafK

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!

Open Enrollment Deadline

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

Waverly Oktoberfest 2018

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

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.    

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.

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.

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.

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...

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...

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...

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...

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...