Health, Wellness & Flex Spending Accounts
Bring your benefits program back to life with greater diversity and choice for your employees.
Choice is the future of employee benefits. By offering a health or wellness spending account, you can concurrently diversify and enhance your benefits program in a way that’s directly tied to the autonomy and wellness of each of your staff.
Health Spending Account (HSA) dollars can be used to:
Offset anything not paid from the benefits plan
Go towards benefits that aren’t covered through your benefits plan but are considered an eligible medical expense by the CRA
Deduct before-tax company dollars as opposed to after-tax personal dollars
Wellness Spending Accounts (WSA) Dollars can be used to:
Build a long-term retention strategy focused on holistic wellness by offering a wellness account to long-term staff, which you can increase at your discretion each year.
Tailor your wellness offering to align with your brand values, whether that’s education, physical health, helping subsidize employee daycare costs (child or pet), alternative medical practitioners – or all of the above.
Flex Accounts allow employees to decide how to allocate their annual dollar balance between their Health & Wellness Spending Accounts.
Setting up Your Health/Wellness or Flex Account Program:
Both the HSA and WSA accounts can be offered as a stand-alone plan to business professionals/companies who are not in need of a group benefits plan, or as a top-up to your existing benefits plan.
An employer can pre-determine the dollar amount available to employees through both an HSA & WSA, or they can offer a Flex Account and allow the employee to decide how they want to allocate their Flex dollars between their HSA & WSA.
Employees can purchase additional ‘a-la-carte,’ benefits available through your Health & Wellness Account vendor.
We know that insurance contracts can be limiting, and we want your employees to have access to the benefits that are meaningful to them.
Can’t decide whether you want to offer a health or wellness account? You can offer both! Each employee can decide how they want their dollars allocated and you have flexibility over what items are covered.
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