What is an HSA?
A Health Savings Account is government approved
savings account dedicated to medical expenses.
The list of allowable medical expenses is much longer
than those usually allowed by provincial and private
insurance plans
Small business Advantages
When you contribute to an HSA on an
employee’s behalf, it is a non-taxable benefit,
which in the employee’s hands can be worth
20-40% more than the same amount in
income.
End result: your money goes farther and your
employee’s income goes up.
