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Premiums
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Health Spending Accounts
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Health Insurance
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HSA vs Insurance Savings Calculator
Register for your HSA today
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- No monthly premium
- Pay as you claim
- No claims = no costs
- One-time registration fee of $295 per corporation – regardless of number of employees or family members.
- Cost thereafter: 10% of claim submission.
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- Monthly premium required regardless of use.
- Increase use = increased premiums at renewal.
- Age at time of application can increase cost of plan.
- Family monthly premiums can run between $400-$600 per month
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Eligible Expenses
CRA’s Eligible Medical Expenses
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- Eligible expenses are based and governed by Canada Revenue Agency which range up to 134 medical conditions/expenses.
- No limits based on treatment or types of service.
- No deductibles
- No co-insurance
- No annual or lifetime maximums
- No waiting periods
- No exclusions due to pre-existing conditions
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- Deductibles and co-insurance common.
- Coverage limits on treatments, medications and paramedical visits.
- Some plans have annual or lifetime maximums on certain treatments.
- Drug plans often have restrictions via dispensing fees, co-insurance, deductibles and possibly generic use only.
- Pre-existing conditions lead to coverage exclusions.
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Submitting Claims
1 Min. Video: Claims App
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- Completed digitally with your mobile phone or tablet.
- Submitting a claim takes less than 3-5 minutes.
- Employee receives benefits within 24-48 hrs TAX FREE
- Corporation gets to deduct the claim resulting in a WIN WIN scenario.
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- Depending on carrier, submission to rebate can take more than 1-2 weeks.
- Once registered some expenses may have waiting periods before being able to claim.
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Application
Register for your HSA today
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- Start to finish you can be up and running in under 30 minutes.
- Once registered you can retroactively expense items to the start of the month you registered.
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- Depending on your health and medical underwriting requirements - this can take days to weeks.
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Expedited Medical Services
For more details click here
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- Custom Care Offers a one of a kind private diagnostic and specialists access insurance.
- This includes: CT’s MRI’s within 3 days; access to 10 different specialists with 21 days.
- The cost: $20 per month per adult or $60 per month per family (regardless of number of children).
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- No ability to bypass public wait times if seeking diagnostic or medical treatments which may extend months to over a year.
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