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Here's what HR Pros need to know about Health Spending Accounts

Posted by K. F. on August 21, 2015

Business owners and their staff across Canada have been using Health Spending Accounts for over two decades. As an Human Resources professional, it is a good idea to understand the value of an HSA - especially in the small business environment.

Here's what you need to know.

3 key factors make a Health Spending Account a suitable match for a small business:


An HSA is the most affordable means for a small business to pay for medical expenses.

  1. Write off 100% of personal medical expenses through the business
  2. Get cost control and avoid expensive premiums 
  3. No deductibles, co-payments, or additional fees to join

Full Coverage

An HSA offers 100% coverage.

  1. Get a wide and deep range of eligible medical expenses including braces and laser eye surgery
  2. Unlike a traditional insured plan, there are few limits to access benefits
  3. Inclusive definition of dependants

Easy to use

Health Spending Accounts are designed for small business owners.

  1. The claim process is completely online and easy to use
  2. No complicated exclusions and conditions on claims
  3. No medical underwriting

Health Spending Accounts have been widely adopted by Canada’s small business community as a viable alternative to traditional health insurance. Get our free Beginner's Guide on Health Spending Accounts and discover how it can save your business money while providing outstanding coverage.

No set up fees. No administration fees.  No premiums.

The Beginner's Guide to Health Spending Accounts