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Can My Canadian Business Benefit from a Health Spending Account?

Can My Canadian Business Benefit From a Health Spending Account? Millions of Canadian small business owners could benefit greatly from the budget certainty and the flexibility of a Health Spending Account (HSA). Health Spending Accounts are set up through insurers or qualified third-party administrators who specialize in this area. These cost-effective accounts cover a wide variety of qualified medical expenses, making it convenient for both the employer and the employees. BENEFITS OF HEALTH SPENDING ACCOUNTS FOR BUSINESSES An HSA allows small businesses to fund accounts with pre-determined amounts. Employees can use their account to pay for eligible medical expenses on a tax-free basis. The deposits into the accounts reduce the corporation's taxable income, making HSAS an attractive option for small businesses. HSA deposits are fixed and do not change throughout the year, small businesses owners benefit by controlling how much their employee benefits plan will cost each year. BENEFITS OF HEALTH SPENDING ACCOUNTS FOR EMPLOYEES The HSA flexibility is appealing to employees. Each individual can make the decision on how their allocated money is spent. These non-taxable benefits come with no deductibles, co-payments, or annual limits that can often accompany traditional insurance plans. CLICK TO GET STARTED OR CALL US AT 1-877-797-7448 GET STARTED benecaid® 8+ %24 %24

Can My Canadian Business Benefit from a Health Spending Account?

shared by usefultips on Jul 28
Small business owners who truly care about their employees will always be looking for the best health benefit plan available to them, no matter the size of the company. While there are benefits to tra...




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