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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 over 54,000 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.


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 three additional insurance plans for FREE

  • Comprehensive Travel Insurance with $2 million coverage
  • Catastrophic Drug Insurance
  • Emergency Medical Insurance for accidental dental, ambulance, and more

Pricing - $499/year

  • No cancellation fee
  • No setup fee

Note: This pricing is for the HSA Plus plan, which includes 3 bonus insurance 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):

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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?