FAQ
How much are applicable taxes?
We all pay taxes, though taxes on group benefits vary by province and feature.Taxes by FeatureEach province has its o...
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New plan setups – what to expect
You’ve just sold a plan. Congrats! After all that hard work helping craft the perfect blend of benefits for your clie...
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Health Spending Account carry-forward rules
We’ve had Advisors and Plan Sponsors ask us about the different ways the Canada Revenue Agency (CRA) allows Health Sp...
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The impact of Blendable Benefits on the Canada Dental Benefit
Your Plan Sponsors and Plan Admins may have questions about the new Canada Dental Benefit and how it is impacted by t...
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What are the guidelines for Health Spending Account claim eligibility?
Contributions to an HSA are tax-free! A Health Spending Account provides tax-free funds to claim for reimbur...
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How are Members 'classified' for an HSA?
It's really quite simple...according to the CRA, contributions must be fair and equal amongst classifications.That me...
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Can I customize a Plan renewal date?
The short answer: probably not! Harsh eh?! Please forgive us ;)The exception = the first Benefit Period!The default r...
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What're the benefits of an HSA?
There's lots!HSA coverage is broader and more flexible than a traditional benefits Plan. That means there're not as m...
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Why are HSAs better than regular health benefit plans?
We have nothing against regular health benefit plans (like typical insured plans) except we think (and know) HSAs are...
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How do HSAs work?
It's really simple!The Plan Sponsor (company) makes regular contributions on behalf of one or more of the employees, ...
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What's eligible (and what's not) for reimbursement of healthcare expenses from a Health Spending Account
Because contributions to a Health Spending Account (HSA) are tax-free, reimbursement of eligible medical and dental...
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Can sole proprietors set up an HSA?
While we believe wholeheartedly in the value of Health Spending Accounts (HSAs) for all businesses and their employee...
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What's the minimum monthly HSA contribution?
That depends on which HSA feature your client chooses. HSA Classic The minimum monthly contribution is $75/member/mon...
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Which businesses are eligible for an HSA?
The beauty about HSAs is that almost all businesses are eligible! Any corporation that generates an income and files ...
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