Health Care Spending Accounts

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A Popular Alternative

Health Care Spending Accounts are emerging as a popular alternative to group health and dental plans. They are a cost-effective, convenient and flexible way to meet the different and changing needs of your employees.

In many respects, a Health Care Spending plan works like a savings account. An employer makes monthly or annual allocations into a healthcare spending account for each employee, who can make claims on eligible expenses not covered by provincial health plans or regular benefits plans.

The claims can include orthodontics, physiotherapy, medical devices eyeglasses and orthotics. Keep in mind that not everything can be put through an HSA – the Canada Revenue Agency has specific guidelines as to what qualifies.

A growing number of employers are beginning to offer HSA plans to supplement the coverage provided by their benefits. For employers, HSA plans work because they are a fixed cost, and not subject to inflation or an employee benefits renewals.

HSA plans also provide employers with control over the cost of claims because employees can only claim to pre-determined limit.

For tech-savvy startups, we make HSAs even more accessible by offering them online and via mobile apps.

If you would like more information, send us an email or call us at 1-800-773-8638.

We Offer Cloud Based Health Care Spending Accounts

For tech-savvy startups, we make HSAs even more accessible by offering them online and via mobile apps.

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