PreTax Health HSA Benefit Posts

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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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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Differences between an HSA and a Health and Welfare Trust (HWT) like Benecaid?

In our FAQ we briefly discuss the difference between the PreTax Health HSA and Health and Welfare Trust such as Benecaid. The following are more details on the specific differences: First, we should note that the types of claims allowed by the CRA under a HWT and an HSA are identical. The similarities end there. […]

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Canadians routinely pay a 40%+ “handling charge” on out-of-pocket medical, which could be avoided with a health spending account

What we’re about to show you is NOT simply par-for-the-course; it CAN be avoided. Say you’ve got a medical expense of $500 that you’ve got to pay out-of-pocket. That might be a dental bill, prescription meds, registered massage therapy, or whatever. It could even be a premium you are paying toward a personal health insurance […]

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Canadian start-ups & entrepreneurs will free up cash flow with a health spending account

We have a soft spot for start-ups and entrepreneurs; you’re the future of Canadian business! We also believe every Canadian company (outside of Quebec) should have a Health Spending Account; it’s as much a no-brainer as having a bank account. If you wonder why, see here — basically, without it your company is easily losing […]

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