Flexibility for employees with Health Spending Accounts (HSA) and Wellness Accounts.
More flexibility, with less suprises.
Health Spending Accounts (HSA)
An HSA provides a non-taxable alternative or supplementation to a traditional benefits plan. HSA-eligible expenses are vast, ranging from dental, vision, professional services, & hospital bills. An HSA is NOT an insurance program, but rather it’s an annual allowance that employees can use on health and dental expenses of their choosing.
HSAs are “pay-as-you-go”, which means there is no cost unless claims are made which differs from traditional insured group plans which typically have set premiums each month regardless if there are claims made.
Wellness Accounts (WSA)
Wellness accounts are taxable allowances given to employees to promote healthier lifestyles – incentivize employees with eligible categories like gym memberships, holistic medicine, personal development courses, and more!
WSAs are also “pay-as-you-go”, which means there is no cost unless claims are made which differs from traditional insured group plans which typically have set premiums each month regardless if there are claims made.
Flex Plans (HSA+WSA)
Combine an HSA with the options of a WSA and/or RRSP, or other categories—offering the most flexibility for employees. Each year employees have the opportunity to allocate their flex funds between an HSA (non-taxable) or WSA (taxable) depending on what is best for their personal situation.
