The real benefit is peace of mind
A Health Spending Account (HSA) is an effective way to enhance traditional benefits plans or to provide more choice and flexibility to plan members.
Plan sponsors allocate HSA credits into each plan member's account every year. The plan member may use the allocated credits as needed for eligible health-related expenses not covered by provincial health plans or by their regular benefits plan. This can include expenses such as:
- Deductibles or co-insurance payments for health and dental expenses
- Health or dental expenses in excess of maximum coverage amounts
- A wide range of other health-related expenses not covered by your organization's health and dental plan