A Health Care Spending Account is a great way to provide beneﬁts to all your employees or to a speciﬁc class of employees and/or owners. The advantage of a health care spending account is twofold. First, an employer deﬁnes the amount of contribution that the company will pay for each employee per year. This helps to predict the cost of such a plan. Second, the employee enjoys the ﬂexible nature of the plan where all or a portion of the employee budget can be spent on a particular procedure or medical device. Just as long as the procedure is deemed to be an expense authorized by the provincial government that the employee resides in.
Let’s discuss whether this is an option for your company.
Write off your medical expenses, get 100% coverage, and instant online claims.
Are you better off offering your employee a $1,000 raise or a $1,000 health spending account?