Health Spending Account (HSA) is a non-taxable benefit plan for health, drug, vision and dental
• HSA’s cover eligible health expenses for you and your dependents with an allowance set by your employer which pays out quarterly, monthly, semi-monthly, or annually.
• HSA’s compliment traditional group insurance, are effective for cost savings, and provide you with flexible coverage. Have we peaked your interest? Contact Us Focus
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Eligible dependents include:
HSAs cover a wider range of dependents than health and dental benefits. Plan members can claim expenses for their spouse, children, and extended family members, as long as they qualify as dependents under the Canadian Income Tax Act. Visit the CRA website at www.cra-arc.gc.ca and search for Medical Expense Tax Credits in the search window for additional details.
What Does the HSA Cover?
Regulated by the Canada Revenue Agency (CRA), HSA’s only cover expenses that the CRA lists as eligible. We’ve broken these down into four categories: Dental, Drug, Health, and Vision.
Preventative Services
• Cleaning, polishing, fluoride treatments
• Oral surgery
Diagnostic Senvices
• Dental examination
• X-rays
• Dentist / Denturist appointments
Restorative Services
Dentures, repair & replacement
Appointments with:
• Oculist
• Ophthalmologist
• Optician
• Optometrist (OD)
Laser eye surgery (by a medical practitioner or licensed hospital, either public or private
Prescribed corrective eyewear (eyeglasses, contact lens, artificial eye)
Cost of prescription (by a licensed pharmacist, not over the counter)
Prescription medicine, drugs, and devices (prescribed by a medical practitioner or dentist including):
• Prescription birth control pills
• Tapes or tablets for diabetic sugar content tests
• Vitamin B12
• Medicinal marijuana
• Liver extract
• Insulin or substitutes
• Oxyge
Appointment with licensed practitioners, including:
A- Acupuncturist (R.Ac.), Anaesthesiologist Athletic Therapist, Audiologist
C- Chiropodist, Chiropractor (DC), Clinical Counsellor (Provincially registered)
D- Dermatologist, Dietitian (registered)
G- Gynecologist (Ob. Gyn)
K- Kinesiology
M- Masseuse (Provincially registered)
N- Naturopaths, Neurologist
O- Obstetrician, Occupational Therapist, Osteopath
P- Pediatrician, Physician, Physiotherapist, Plastic Surgeon (medically required procedures with doctor certification), Podiatrist (DPM), Practical Nurse (LPN) and Registered Nurse (RN), Psychiatrist, Psychoanalyst, Psychologist (PsyD)
R- Registered Midwife
S- Social Workers (RSW, RCC, MFT), Speech Therapist (SLP), Surgeon
X- X Ray Technician
Eligible Expenses
“A Wellness Spending Account (WSA) is a personalized program which allows employees to spend a predetermined, taxable, allowance on activities and products. This puts cost control in the employer’s hands while being flexible for employee spending.”
WSA amount coverage (Employer / Employee):
Employer: “The WSA amount coverage is set by the employer at the beginning of the plan year. This allows employers to control employees’ wellness spending allowance.”
Employees: “You can flexibly spend the WSA allowance set by your employer at the beginning of the plan year on wellness-related activities and products.”
What Does the WSA Cover?
A Wellness Spending Account (WSA) allows you to spend a taxable allow- ance set by your employer on a variety of wellness-related activities and products tailored to your lifestyle. The included activities and products fall into 5 categories:
Essential Equipment & Footwear (excluding athleticwear and uniforms)
Membership Fees
(e.g. fitness clubs, gyms, putting green)
Physical Activity Fees
(e.g. lessons, drop-in fees, etc.)
Ergonomic Office Equipment
Fitness Equipment
(e.g. treadmills, exercise bikes, universal
gyms)
Registration Fees
(Including wellness events, sports leagues,
etc.)
Personal Trainers (including fitness trackers)
Makeup
Cosmetic Dentistry
(including teeth whitening)
Cosmetic Procedures (non-invasive, surgical, dermatology)
Hair Replacement
(including wigs)
Prenatal Support
(including Doula services)
Cleaning Services
Pet Expenses
– Veterinary fees
– Pet insurance
– Daycare
– Pet food
Daycare Services
Elder Care
Bodily Health
– Vitamins and supplements (including over the counter)
– Medic alert bracelets and/or neck chain
– Massage or TENS units
– Sun related skincare
– Smoking cessation programs
– Weight loss programs
Mental Health and Wellness
– Yoga and guided meditation classes
– Holistic (alternative) medicine or practitioner
– Aromatherapy
– Spa services
– Reflexology
– Cleaning services
– Reiki
Development Courses
– Language programs
– CPR training
– Etc.
Cell Phone(s)
Professional Membership(s)
(associations, conferences, etc.)
Life Coaching
Financial Advisor Fees
Parking and Transportation
(handicap/parking permits, city transit, etc.)
Legal Fees
