Health Spending Account
Save on your health expenses
Give your team tax-free dollars for dental, vision, prescriptions, paramedicals, and more, with a fixed budget you set and no renewal surprises.
Get coverage for all your medical expenses
From everyday visits to specialists and procedures, your Health Spending Account reimburses a wide range of CRA-eligible health expenses, all from a budget you control.
HSA eligible expenses
Submit your email below and we’ll send you our complete list of HSA eligible expenses.
Frequently asked questions
An HSA is a CRA-compliant defined-contribution benefit. You set a fixed annual budget per employee, and they spend it on eligible health, dental, vision, and paramedical expenses. Unlike traditional pooled insurance, where costs are claims-driven and swing at every renewal, an HSA turns your benefits into a fixed, predictable, budgeted line item.
Reimbursements are a 100% tax-deductible business expense for you, and they arrive 100% tax-free to your employee. Because the money never passes through payroll as taxable income, the same $10,000 of medical spending costs about 30% less through an HSA than paying out of pocket.
No. There is no medical underwriting, which means no health questionnaires, no exams, and no employee can ever be declined or rated. Everyone in the class gets the same budget.
An HSA is ideal for everyday and predictable costs like the dentist, paramedicals, vision, and maintenance drugs. It is not designed for catastrophic events. That is why BeniPlus pairs the HSA with Major Medical, a $2,500 deductible and $250,000 of coverage, so you are covered for both the routine and the rare.
No, it is pay-as-you-go. You only fund what is actually claimed, plus a 10% admin fee and applicable tax. Unused amounts stay with you and do not convert into employee compensation.
Yes. You set amounts by class. For example, $5,000 for staff, $15,000 for executives, and $1,500 for part-time, so you can structure the benefit to match roles and budget.