Benefits of a Health Spending Account

Save Money on Health Care Expenses!

  1. It saves you money on taxes. Healthcare expenses and administration costs are paid with pre-tax company dollars. Saving you up to 35%!
  2. You control what your health care dollars are spent on.
  3. HSA plan is tailored to your individual health and dental care needs.
  4. As a self employed individual your health care expenses and administration costs are a 100% tax deduction.
  5. Your HSA can cover the costs of deductibles (co-pays) from other insurance plans you may have
  6. It gives you flexibility to cover a broader range of medical and dental expenses.
  7. It allows you to cover all of your dependants, pre-existing conditions do not matter.
  8. Your HSA can work in conjunction with existing benefit plans to pay for items not covered on your existing plan such as a child braces or laser eye surgery.

Consider the following:

 According to a 2009 study by StatsCan the average Canadian household spent $2.004 per year for HEALTH CARE EXPENSES. 

In addition, a study published by Perspectives on Labour and Income noted that "household spending on prescription drugs jumped more than 70% in decade-long period between 1992 - 2002!" 

Government coverage is also declining, experts believe as our population ages things are only going to get worse. See examples below:

Chiropractic Care          Eye Care          Physiotherapy   

Get started with your HSA Plan today! Contact us!