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Top 3 Health Spending Account Benefits

Posted by K. F. on May 30, 2014


Canadian small business owners have been migrating away from traditional health insurance plans towards a more friendly method of paying for their expenses - a Health Spending Account.  The benefits are plentiful but we thought we would narrow them down for you.

These are the top 3 Health Spending Account benefits.

1. Affordability

A HSA 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 HSA
  3. No deductibles, co-payments, or additional fees to join

2. Full Coverage

A HSA 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

3. Easy to use

Health Spending Accounts are designed for a self employed business.

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

Health Spending Accounts have been widely adopted by Canada’s small business community as a viable alternative to traditional insurance. Get our free Beginner's Guide on Health Spending Accounts and discover how it will save you money.

Beginner's Guide to Health Spending Accounts