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Your On-Line Source for Canadian Health Spending Accounts
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I am currently paying for a private Health & Drug Plan. Can I pay for this through my HSA?

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.

I am currently paying for a private Health & Drug Plan. Can I claim expenses that they will not reimburse for me?

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.

My Chiropractor (Physiotherapist, Osteopath, Optometrist, etc.) has recommended a supplement or product that he can also supply, but my normal health plan will not cover this cost. Can I claim this expense with my HSA?

Yes, as long as the product or supplement in question is prescribed by and dispensed by a licensed medical practitioner in your jurisdiction (see Authorized medical practitioners by province or territories for the purposes of claiming medical expenses ), these costs can be fully covered by your HSA.

My spouse has coverage however it only pays out 80%, can I submit the remaining 20% for reimbursement by my HSA?

Yes. An Explanation of Benefits statement from the insurance carrier is needed. This can be submitted like any other medical receipt with a completed claim form.

What if I terminate employment or what if I have an employee who quits?

Contributions made to the trust can never revert back to the employer. It can also never revert to the employee in cash form unless they submit an eligible medical expense. A terminated employee will still have access to the funds remaining in the HSA by submitting medical expenses to the […]

Employee HSA Contributions

Contribution levels can be based upon employee classes. If the employer can clearly define classes for employees, different amounts can be offered.

What are the costs associated with opening a HSA?

These can vary, but the plan administrator we recommend, unlike many, charges no set-up fee. There is a single one-time charge, as funds are deposited to your HSA, of 10% (plus applicable taxes which do vary by province). There are no on-going charges.

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