Resist Insurance Inc.

Health Spending Accounts (HSA)

HEALTH SPENDING ACCOUNTS

The Power of Choice: Flex Accounts & Health Spending Accounts (HSA)

Traditional insurance plans are rigid. They tell you what you can buy, where you can go, and how much you can spend. A health spending account in Canada flips the script. It gives you and your employees the power of choice. We take flexibility further with ‘Flex Accounts,’ allowing your employees to choose between a Health Spending Account (HSA), a Wellness Spending Account (WSA), or any split in between that fits their life.

What Is a Health Spending Account?

A Health Spending Account (HSA) is a tax-effective way to provide healthcare benefits. Instead of paying premiums for coverage you might never use, the employer allocates a specific dollar amount to each employee.

Meeting a Modern Workforce where they are

Traditional plans often miss the mark for younger employees with fewer medical needs. By offering a Flex Account, these team members can pivot their benefits toward wellness initiatives that actually matter to them.

Wellness Spending Account (WSA)

Employees can use WSA funds for gym memberships, fitness equipment, and even new running shoes.

Tax Efficiency and Absolute Control

  • For the Business: Contributions are 100% tax-deductible as a business expense.
  • For the Employee: While HSA benefits are received 100% tax-free, please note that Wellness Spending Account (WSA) benefits are considered taxable income for the employee.
  • For Everyone: There are no “limited” lists. If the Canada Revenue Agency (CRA) recognizes it as a medical expense, it’s covered. From laser eye surgery to specialized dental work, the flexibility is unmatched.