Health Spending Account - HSA BC
Pay-as-you-go extended health benefits plans designed for small businesses
Why Choose a Health Spending Account or HSA in BC?
CRA Approved
Canada Revenue Agency approved to provide medical, dental and vision benefits in a tax efficient manner
Tax Deductible
A corporation can write off 100% of the costs related to its HSA
Flexible
Employees can choose how, when, and where to spend their 100% tax free allowance
Digital
24/7 access to submit claims and view the status via app on iOS & Android
HSA BC: How It Works
Health Spending Accounts are used by employers
to provide Health and/or Dental benefits for employees:
​
1
-
An employee will pay for a medical cost, then submit a claim to be reimbursed tax free
-
The medical expense can be tax deducted as a business expense
​
With an HSA, the employer can then save 53.5% in income taxes, all while maximizing employee benefits and reducing employer cost
Plus, there's no need to pre-fund the account nor any annual premiums!
​
HSA Client Testimonials
Michael.W
dentist
HSA coverage helps pay many medical expenses not covered by provincial health insurance plan such as dental expenses.
Daniel. B
IT engineer
Digital platform makes claim easy and fast.
We can claim the expenses 24/7 online by using app, good match with our lifestyles.
Sarah. L
accountant
Pay as you go systems makes medical expenses more reasonable. Also setting up coverage amount for each employees helps me predict expenses easier.
Do You Qualify For an HSA in BC?
1. You own an incorporated business
2. You have a T4 income
Ready to Start Saving?
Get Your Free Health Spending Account
© 2022 by CanadianHSA.com All Rights Reserved