Olympia Benefits is a leading provider of Health Spending Accounts in Canada. We provide HSAs to over 57,000 businesses across the country. Our plans are easy to use because they are 100% digital.
The Olympia Health Spending Account is available in four different packages (Basic, Plus, Deluxe, and Group). All four packages are for corporations.
The Basic, Plus, and Deluxe is for an incorporated individual (can include a 2nd employee if it is a spouse), with the most popular option being the Plus.
Watch this video if you are an incorporated individual:
The HSA Group plan, like the name suggests, is for a corporation with staff (arm’s length employees). A standard example is a restaurant.
Watch this video if you own a corporation and have a staff:
The reason we separate the packages is because the Group plan is pre-funded at the start of each month. This ensures that employees can be reimbursed faster after making a claim. The minimum amount to prefund is $100 every month. Additionally, with the group plan, employers can create classifications and limits based on employee type (manager, full time, owner, etc.).
After signing up with Olympia Benefits, you will receive an account to log in and make claims. On your first log in, you will be asked to enter direct deposit information so that we can reimburse you after your claims are processed.
The Benefits of choosing Olympia Benefits:
1. Sign Up and claims are done online
You can sign up at the top right of our website.
2. The online claims platform will guide you step by step
I’m sure you are familiar with our platform after reading our guides, but if you forget anything, there will be instructions to guide you to your first claim.
3. Claims are processed within 2 business days
4. Reimbursements are direct deposit to your bank account