How much am I or my employees entitled to in benefits under the PreTax HSA?

We ourselves impose no hard limits for coverage, although Canada Revenue Agency will always reserve the right to audit expenses that are not viewed as reasonable.

The actual benefit limits experienced by your employees are flexible, and set by the person(s) in your company who administer(s) your plan (this may be the owner themselves).

You can allocate a different benefit limit based on different types of employees, ie for different benefit categories.

For example, executives may be granted a benefit limit of$10,000 per year, and managers $5,000 per year. Its completely up to you.

For each benefit category, you can also specify different limits depending on whether the employee is single, has a spousal dependent (couple limit), or has child dependents (family limit).

In addition, for each benefit category you can also apply a waiting period for new hires before the benefit becomes available, and/or have the benefit limit pro-rated for new hires.

Our system will show you up-to-date information on the benefit utilization for all employees, further allowing you to determine and control precisely the full extent of your company's contingent liability.

If employees do not fully utilize the benefit limits that you have allocated to them, you can decide to carry forward that credit to the following year.