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HSA Infographic: 9 things businesses need to know about a Health Spending Account

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Traditional health insurance vs. an HSA for Canadian Small Business

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Should spouse and children be dependents or employees in our Health Spending Account?

Question:  We often get the question:  Should I set my spouse and children up as dependents, or employees with my PreTax Health HSA? Answer:  You can either register your children as dependents or as employees, however if they are employees they should be officially employed (even part-time) and issued a T4. Put another way, anyone [...] Read More...

Private Healthcare – Is it the Right Choice and how can a Health Spending Account help?

This article discusses private health care options, how to obtain the right information, and the role of a Health Spending Account in covering private healthcare services. Wait times for elective procedures have increased drastically in the public health care system. As things stand now you may have to wait up to 19 weeks for elective […]

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What does an employer with a Health Spending Account do if an employee leaves the company?

Lauren asked us: “How long do employers leave the health spending account active for an employee who has stopped working for their company? According to the PHSP rules, it is a plan of insurance — the employer is effectively the insurer. Therefore technically (like with any other insurance) when the ‘insurance policy ends’ (i.e., the […]

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Why Most Small Businesses Today are Opting for an HSA

A Health Spending Account is one of those unknown secrets that any incorporated small business in Canada should look into. This type of coverage offers better tax benefits than most other plans and there are few restrictions on the health coverage. With traditional health plans you’ll only get out about 70% in actual health benefits […]

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