Canada Health Spending Accounts

Any premiums you pay for a health and drug plan are an eligible medical expense and can be paid for through your HSA. You would need to submit a statement showing the premiums paid to be reimbursed.

As long as the expenses are legitimate claims under a Health and Spending Account (please see: What is an eligible expense?) expenses not covered by your Health & Drug plan can be reimbursed by your HSA. You would need to submit the explanation of benefits page to be reimbursed.

A basic drug and extended health coverage plan is a great compliment to your HSA. It can protect your HSA in case of catastrophic illness. Obviously, the best possible situation for a Canadian tax-payer is is to have comprehensive Health Insurance, with no deductible, and fully paid for by someone […]