How is the PreTax Health Spending Account funded by the employer?

There are two broad ways in which the PreTax Health Spending Account can be funded:

1. Pay-as-you-go: as claims are made, our automated system will automatically contact your company to request submission of funds.
2. Pre-funding: your company can send a block of money that is held in an account, that will be drawn from as claims are processed.

PreTax Health is unique in that it supports either mode of operation -- automatically. There is nothing special required, and you don't even have to think about this explicitly if you don't wish.

For example, even if you pay-as-you-go, if we end up not utilizing all of the funds (for example because a claim is gets adjudicated for less than the initial claimed amount), we will simply keep the remainder on account, and automatically apply it toward your further claims.

Companies wishing to retain a balance on hand can even specify a threshold: as soon as the claims volume suggests that the funding level will drop below that threshold, our automated system will notify your company.

Note: If your company keeps funds on hand with us, claims are often paid more quickly, since funds are readily available to support the payment process. For example, we do not have to await receipt or clearing of your company cheque.