Health Spending Account
Your corporation contributes funds to a Health Spending Account (HSA) for each employee. Contributions are 100% tax-deductible for the business.
Employees receive those funds tax-free to reimburse their CRA-eligible medical expenses. It's a win-win.
You don't pay for benefits that don't get used. Every dollar not used for medical expenses can be returned to the corporation.
Your team can claim expenses for themselves and any eligible dependants (including spouses, children, and parents).
HSAs don't have coverage limits, deductibles, or service maximums. It gives your team complete flexibility.
We all know health and dental costs are going to happen, but premium-based health insurance isn’t the answer.
When you buy health coverage through an insurance company they set the cost and often increase premiums each year, whether your team uses the coverage or not. How are you supposed to budget for that?
An HSA gives you total control over how much you contribute. It gives employees total control over how they use those funds. The power is back in your hands.
How they work for you and your team.
Contribute either monthly or annually to match your cash flow.
Define classes of employees (e.g. full time vs part time, employee vs executive, single vs family).
Contributions can be different for each class you create.
The funds in the HSA are used by employees to reimburse eligible medical expenses completely tax-free!
Have funds remaining? They can be returned as a credit to your corporation and applied against your next bill.
Admin Fee
10% of contributions
In expenses paid
Members
Clients
Submit claims anytime, anywhere, and get reimbursed directly to your personal bank account.
Everyone says it, but we deliver. Our customer experience team is out of this world! We go above and beyond to keep our members happy.
All our resources are available digitally and written in terms anyone can understand. No more digging through jargon-filled booklets to find answers.