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Low Cost Health Insurance for Small Business Owners in Canada

Posted by K. Fry on February 24, 2016
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Are you a small business owner in Canada?  The Olympia Health Spending Account (HSA) is a proprietary and specialized product that offers low cost health insurance for small business owners in Canada.

Here's what you need to know:

The Olympia HSA is an alternative to traditional health insurance. It turns your personal medical expenses into before tax expenses through your business.

Used by 55,000+ small business owners across Canada, the Olympia HSA is a special account that is established to exclusively pay for healthcare services for a business owner, employees, and dependants.

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Do you qualify for the Olympia HSA?

  • Do you operate an incorporated business?
  • Do you have medical expenses? 
  • Do you pay income tax?

If you answered "Yes" to the criteria listed above, then you qualify for the Olympia HSA and it will save you money


NOTE: If you have a business with arm's length employee, read our Top 24 FAQ for Employee Benefits Packages for Small Business.


Features of an HSA

1. Write off 100% of personal medical expenses

  • Convert out of pocket medical expenses into legitimate business deductions
  • Create value by lowering the cost of medical expenses and reducing taxes
  • Unlock hidden value in your company

2. Get 100% coverage 

3. Experience the freedom

  • No Medical Underwriting
  • No Co-Insurance Payments
  • No Deductibles, Premiums, or Complex Terms 

4. Get Instant Online Claims

  • Submit, pay, and be reimbursed online
  • Reimbursement in 24-48 hours
  • Exclusive online platform for Olympia HSA members 

 *BONUS: Get four additional plans for FREE

  • Dialogue Telemedicine Services - virtual healthcare for you and your family
  • Comprehensive Travel Insurance with $2 million coverage
  • Catastrophic Drug Insurance
  • Emergency Medical Insurance for accidental dental, ambulance, and more

Pricing - $699/year

  • NO ADMINISTRATION FEES 
  • No cancellation fee
  • No setup fee

Note: This pricing is for the HSA DELUXE plan, which includes 4 bonus products. If you want to purchase a stand alone Health Spending Account, then the HSA Basic is available at a price of $249 / year.

About Olympia 

 

Learn how the Olympia Health Spending Account can help your small business save on medical costs (download this guide if you are an owner/operator business):

Olympia Complete Guide HSA Walkthrough 2018 Eligible expenses

If you are a small business with arm's length employees, then download the guide below:

Group Health Spending Account Canada Walkthrough 2018

 

If you're ready to sign up to a plan --> Get simple step-by-step instructions on setting up your HSA

 

Here are some related topics on health insurance for small business:

Why is health insurance not worth it? 

Are health insurance benefits taxable?