Edmonton and surrounding area's leading specialists in employee benefits, personal insurance, disability, and health spending accounts.
What is a Health Spending Account?
An HSA is a Canada Revenue Agency approved method to provide medical, dental and vision benefits in a tax-efficient manner. Your corporation can write off 100% of the costs related to your HSA. All expenses reimbursed are tax-free to the employees.
What types of expenses are covered?
The employee may claim for any medical expenses that are allowable under the Income Tax Act
How often do I have to contribute?
Health Spending Accounts are pay as you go; withdraws are only made from the employer's bank account when a claim is made
Who qualifies for a Health Spending Account?
As an employer, you have complete control over which employees are covered and the amount they have to spend
The employees are sorted into class at the beginning of the benefit term, coverage limits are set on criteria designed by you and your broker
Employees can be added or removed from the HSA at any time