Featured Article How does an employee make a Health Spending Account claim? In a group plan, there are benefits coordinator(s) and employees. A benefits coordinator is responsible for managing the plan. This includes determining employee benefits limits and classifications. As expected, this role is usually assigned to the owner of the business. Think of benefits... January 24, 2020
Can you claim gym membership on a HSA? In Canada, small business owners can use a health and dental plan called the Health Spending Account (HSA)... not to be confused with a Health Savings Account. Health... Read more
What's covered in a Health Spending Account? One of the greatest perks of a Health Spending Account is the extensive range of eligible expenses. With this plan, you are able to claim 100% of your medical expenses,... Read more
Will the changes to Health and Welfare Trusts impact Health Spending Accounts? We have been receiving inquiries about a Health and Welfare Trust (HWT) being reclassified to an Employee Life and Health Trust (ELHT) and how it (if at all) may impact the... Read more
What happens to unused health care spending account money? A Health Spending Account is a cost-effective way to provide health and dental benefits to your employees. However, some employees may not always spend the full amount... Read more
Discover this Non Taxable Benefit for Health and Dental Expenses Most employee benefits add to an employee's total taxable income. These are referred to as 'taxable benefits'. Employers should be wary of the tax implications an employee... Read more
7 Key Health Spending Account Rules that you should know A Health Spending Account (HSA) is a tax-free benefit which allows small business owners and their employees to reduce the cost of medical expenses. While it is similar to... Read more
Top 9 Reasons HSA Eligible Expenses are Rejected and How To Fix Olympia Benefits processes 100,000+ claims per year. Most claims go through with no problem. However, some claims end up rejected. If this happens to you, don't worry, you... Read more
The Best Stress Management Tools for the Workplace [Resource List] A workplace culture is determined by how people collectively manage and respond to workplace stress. When stress is constant and on-going, it will affect both mental and... Read more
Health Spending Account vs Wellness Spending Account [Explained] What is the difference between a Health Spending Account (HSA) and a Wellness Spending Account (WSA)? Many companies are offering these benefits but which is more important... Read more
Top 6 Workplace Wellness Tips for a Small Business to implement Here are 6 simple workplace wellness tips that you can implement immediately: Read more
