Our features at your fingertips

  • Updated

We're a lot more than just your run-of-the-mill HSA company. We offer solutions of all shapes and sizes. We know it can be confusing, so we provided you with our features, right at your fingertips.

Want something to bring with you to show your clients? We have a full-coloured PDF version you can download right here.

Check out our Advisor Compensation Schedule for our typical compensation on these Blendable Benefit Features.

 

Health Spending Accounts (HSAs)

HSAs are like bank accounts. Funds are contributed by plan sponsors, then plan members use those funds to reimburse their eligible expenses. It's the ultimate in flexibility with no plan limits on any service type.

 

  Admin Fees How is it paid for

Minimum group size & contribution 

minimums
HSA Classic

 

10% of contributions

 Contribution from Plan Sponsor used to pay member claims.

Five Members

$75/member/month
HSA Rollback 10% of contributions Contribution from Plan Sponsor used to pay member claims. Unused funds are returned to the Sponsor.

Two Members

$75/member/month
HSA Rollover 10% of contributions Contribution from Plan Sponsor used to pay member claims. Unused funds are invested into a group RRSP.

Five Members

$200/member/month
HSA Enhanced 12% of contributions Notional allowance is given to members. The initial reserve is collected, claims paid as incurred, Plan Sponsor is billed to top up.

Five Members

$75/member/month
HSA Select 10% of contributions Contribution from Plan Sponsor used to pay member claims. Unused funds are credited on the next bill.

One Member

$3,000/year

Wellness Spending Accounts (WSAs)

Like HSAs, WSAs are features where Plan Members use funds contributed by their Plan Sponsor to reimburse eligible expenses.

Unlike HSAs, the list of eligible expenses is determined by the Plan Sponsor. Expenses reimbursed are a taxable benefit. 

  Admin Fees How is it paid for

Minimum group size & contribution 

minimums
Wellness Rollback 10% of contributions Contribution from Plan Sponsor used to pay member claims. Unused funds are returned to the Sponsor.

Five Members

$75/member/month
Wellness Enhanced 12% of contributions Notional allowance is given to members. The initial reserve is collected, claims paid as incurred, Plan Sponsor is billed to top up.

Five Members

$75/member/month

Enhanced Health Blend (EHBs)

Also known as Administrative Services Only (ASO) our EHB is a self-funded benefit plan. The plan sponsor sets appropriate limits for each service type, then reimburses claims plus an admin fee instead of paying premiums.

 

  Admin Fees

Advisor Compensation

(included in Admin Fees)

 Claim Fees How is it paid for Minimum group size
Enhanced Health Blend 18% 6% of contributions N/A The initial reserve is collected, claims paid as incurred, Plan Sponsor is billed to top up. Fifteen Members

 

Sample EHB Plan

  Medical Services Paramedical
Practitioners 		Dental
Services 		Prescription
Drugs 		Vision
Care
Coverage

Licensed Ambulance 
Services

Diagnostic Services 
when prescribed by 
a physician

Rental or Purchase of 
certain medical supplies

 Chiropractor 
Physiotherapist 
Podiatrist & Chiropodist 
Psych & Social Worker 
Speech Therapist 
Osteopath 
Naturopath 
Massage Therapist 
Acupuncturist

Basic Services, including:

Examinations, extractions
and fillings 
Scaling 
Prophylaxis
Fluoride treatment 
X-rays 
Oral surgery 
Endodontics 
Periodontics 
Denture relines, rebates 
and repairs 
Pit and fissure sealants 
Recall examinations

 All Health Canada
approved drugs		 Eye examinations
Glasses
Contact Lenses
Time Frame Annual Benefit Period Annual Benefit Period Annual Benefit Period Annual Benefit Period Annual Benefit Period
Maximum $1,000 per family $500 per family $1,000 per individual $2,500 per family $200 per individual

 

 

Peace of Mind Benefits

Sometimes insurance really is the right tool for the job! When you need to protect against low-probability, high-cost events Peace of Mind Benefits are there for support when it matters the most.

 

  Life Dependant
Life 		AD&D Critical
Illness 		Dependant
Critical Illness 		Short Term
Disability 		Long Term
Disability
Minimum group size Three Members Three Members Three Members Three Members Three Members Three Members Three Members

 

So, how much does it cost and how is it paid for?

The cost of Peace of Mind benefits depends on a number of factors including how much coverage you want, the demographics of your team, and the industry you’re in.

At Blendable we work with insurance partners to get competitive rates. As Plan Sponsor you pay for your
Peace of Mind benefits through affordable monthly premiums.

Advisor Compensation on Peace of Mind Benefits is 10% of Premiums.

 

Accessory Benefits

Accessory benefits provide a bonus to plan members with very specific focuses on health or wellness. They offer great value and a perk that members will appreciate.

Advisor Compensation on Accessory Benefits is 10% of Premiums/Fees.

 

  Group
Travel 		Excess
Medical 		Employee and
Family Assistance
Plan 		Medical
Second Opinion
Per Member
Costs 		$8/ Family/ Month
$5/ Individual/ Month		 $20/ Family/ Month
$10/ Individual/ Month		 $5/ Member/ Month $5/ Member/ Month
How does it
get paid for 		Monthly Premiums Monthly Premiums Monthly Fees Monthly Fees
Minimum
group size 		One Member One Member One Member One Member