What is a HSA?

An HSA is a Health Spending Account which serves as an alternative to the traditional employee health benefit plan underwritten by large insurers.

A HSA provides health benefits that are 100% deductible to employers and 100% tax-free to employees with no monthly premiums.

This could allow your employees to be eligible to claim a variety of health and dental expenses without co-pay or category specific limits.

To learn more about HSA’s and whether or not they apply to your business, please visit the CRA website or schedule a free consultation with us.