What is a Health Spending Account
- Coverage & More
Your employees' health are their biggest asset. HSA provides a great package including extended health, dental, vision, pharmaceutical drug benefits, to reduce stress and increase productivity.
Health Spending Account - Summarized List of Covered Items
PROFESSIONAL SERVICES
Acupuncturist (qualified medical practitioner)
Chiropodist
Chiropractor
Christian Science Practitioner
Dental Mechanic
Dentist
Dermatologist
Gynecologist
Massage (Provincially Registered Therapist)
Naturopaths
Neurologist
Obstetrician
Optician
Optometrist
Orthopedist
Osteopath
Pediatrician
Physician
Physiotherapist
Plastic Surgeon
Podiatrist
Practical Nurse (medical services only)
Psychiatrist
Psychoanalyst
Psychologist
Registered Midwife
Registered Nurse
Speech Therapist (pathological or audiological impediments only)
Surgeon
HOSPITAL
Anesthetist
Hospital Bills
Outpatient Services
Oxygen Masks
Tent Vaccines
X-ray Technician
HOSPITAL
Anesthetist
Hospital Bills
Outpatient Services
Oxygen Masks
Tent Vaccines
X-ray Technician
VISION
Artificial Eye
Eye glasses or Contact Lens (prescribed)
Laser Eye surgery
Optician
Optometrist
Optometrist
MEDICINES
Any medicine or drug purchased (prescribed by a medical practitioner or dentist and recorded by a licensed pharmacist)
Insulin or Substitutes Liver Extract - injectable for pernicious anemia
Oxygen Tapes or tablets for sugar content tests by diabetics, if the procedure has been required by a physician
Vitamin B12 - for pernicious anemia
PREMIUMS
Premium paid to a non-government medical or hospital care plan (Ex. Blue Cross, Manulife Flexcare, Sun Life Affinity)
Health Spending Account - Qualifications
1. You own an incorporated business
2. You have a T4 income
3. You want to save on medical expenses
Health Spending Account - Using Your Coverage
Read more on how to use your coverage through our sample employee handbook: