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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...

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Closed Memorial Day

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

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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...

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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.

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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.

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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...

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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...

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Hangman

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

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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!

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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.

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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!

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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!

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Window Signs

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

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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!

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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...

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The Pets of Advantage Administrators

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

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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...

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Heart Hunters

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

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Closed for Easter

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

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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!

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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!

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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,...

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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...

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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...

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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?

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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...

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Paula’s a Grandma!

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

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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...

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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...

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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

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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.

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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.

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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.

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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.

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On the Go

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

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Mileage Reimbursement Rate

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

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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.

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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).

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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.

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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....

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What Paula Loves About Working at Advantage Administrators

Paula enjoys learning something new every day at Advantage Administrators.

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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...

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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!

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Teamwork

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

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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?

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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!

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What Stacy Loves About Working at Advantage Administrators

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

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Happy New Year!

Welcome to the Roaring 20s! Happy new year!

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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...

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Merry Christmas and Happy Holidays!

From our Advantage Administrators family to yours- Happy Holidays!

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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!

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Ugly Sweater Day

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

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Deer Hunting

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

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What Sue Loves about Working at Advantage Administrators

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

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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.

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Happy Thanksgiving!

Happy Thanksgiving! Enjoy this day with loved ones.

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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!

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Fun Sock Day

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

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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...

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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

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World Kindness Day

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

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Veteran’s Day

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

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Minute to Win It

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

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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.

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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.

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Breast Cancer Awareness Month

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

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Open Enrollment Savings

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

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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!

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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

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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

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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!

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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!

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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/.

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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!

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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...

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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.

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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...

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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!

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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...

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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/.

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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...

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Happy Work Anniversary, Cathy!

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

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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!

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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.

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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.

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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!  

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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...

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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.

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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...

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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...

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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!

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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.

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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.

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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.

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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.

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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.

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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...

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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!

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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...

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Happy Independence Day!

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

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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...

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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

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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!

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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! http://bit.ly/2q2LafK

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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...

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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...

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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.

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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

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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.

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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!

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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...

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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!

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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...

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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!

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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...

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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!

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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.

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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! http://bit.ly/2q2LafK

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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...

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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...

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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.

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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!

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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...

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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...

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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.

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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.

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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!

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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.

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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.

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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...

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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...

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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.

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Presidents’ Day

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

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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.

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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.

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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!

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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...

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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!

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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!

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FSA Store

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

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Help Your Employees Make the Most of their HSAs

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

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Happy anniversary Stacy!

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

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Save on Braces with an HSA

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

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Information Security

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

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FSA Documentation

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

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Happy Holidays!

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

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Year-End FSA Dollars

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

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FSA Store Resources

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

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Advantage Administrators Mobile App

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

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Congratulations Sue Schlumbohm!

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

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Use your Benefits Plan to Increase your Savings

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

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New Financial Health Research

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

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Wex & 2019 Annual Cost-of-Living Adjustments

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

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What We’re Thankful For

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

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Benefits of a Dependent Care Flexible Spending Account

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

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

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

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FSA Store

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

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Combining Your HSA With a Limited FSA

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

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2019 401K Limits

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

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

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

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Pumpkin Decorating

We had a spooky day on Friday decorating pumpkins!

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2019 Open Enrollment

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

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FSA Coupon

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

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Liz Wuertz Anniversary

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

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Open Enrollment Deadline

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

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Waverly Oktoberfest 2018

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

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Advantage Administrator’s Mobile App

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

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IRS Non-Discrimination Testing

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

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Congratulations Kala Meihost!

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

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Congratulations Cathy Pruin!

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

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FSA Store

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

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Open Enrollment

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

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New Mobile App Eligible Expense Scanner

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

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3 Ways to Help Your Employees Manage Their Healthcare Expenses

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

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IRS announces family contribution changes for HSAs

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

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How to check your Flex debit card balance

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

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