Health Spending Account

What is a Health Spending Account (HSA)?

An HSA is an amount that the employer makes available to their employees. This amount is used to reimburse health-related expenses* that aren’t eligible or covered by the existing group insurance plan but qualify for the medical expense credit. The HSA is added to the existing group insurance plan.

For provinces other than Quebec, visit BeneFitsMyWay.

*Any expense eligible for the medical expense credit under Canada’s Income Tax Act is an eligible expense under an HSA.

The Advantages of an HSA

Easier budgeting

Determine in advance the maximum amount employees will be able to use.

Pay only for what employees claim

There are no monthly premiums. A monthly invoice is issued based on usage.

A better understanding of its value

By allocating an amount in an HSA, employees can better grasp the value of this benefit.

A customized plan

Each individual can spend the amount they consider appropriate for their health and well-being, which is in line with the principles of equity, diversity and inclusion.

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