Health Spending Account for small business owners in Canada

By: Updated: January 22, 2018

Finding affordable health insurance as a small business owner can be a challenge. Your research and experience probably point to expensive monthly premiums, costly co-insurance payments, and a restricted claim list. You might feel as though health and dental benefit plans are not feasible if you are a small business owner in Canada.

Don’t worry – there is light at the end of the tunnel.

The secret to affordable health insurance for a small business owner is a Health Spending Account.

3 key factors make a Health Spending Account the ultimate match for a small business owner in Canada.


A Health Spending Account typically has no premiums.

  1. Cost control is in your hands as opposed to the insurance company
  2. Reduce your taxes by writing off 100% of your medical costs through a Health Spending Account
  3. No deductibles, co-payments, or additional fees to join

Full Coverage

A Health Spending Account offers 100% coverage.

  1. Wide and deep range of eligible medical expenses
  2. A traditional insured plan limits access to benefits
  3. Inclusive definition of a dependant

Easy to use

Health Spending Accounts are designed for a small business owner.

  1. The claim process is online and instant
  2. No complicated exclusions and conditions on your claims
  3. No medical underwriting

Do you own a family business or are you an incorporated professional? Take a look at Olympia's Health Spending Account for a family business:

Beginner's Guide to Health Spending Accounts

Download Olympia's Health Spending Account for a small business with employees:

Beginners Guide to Health Spending Accounts for small biz

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