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The Wiser Advisor Blog
Employee benefits & industry related stories, ideas, and feedback for advisors.
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myHSA
Mar 15, 20242 min read
Who Decides What is Eligible Under an HSA?
We are often asked why we have to adhere so closely to the list of eligible items, and why we are unable to stray from it. A common...


myHSA
Mar 15, 20242 min read
Backdating Backup
Can you buy critical illness insurance after you’ve been diagnosed with an illness? Can you buy home insurance after a house fire? Can...


myHSA
Feb 14, 20242 min read
How to Help Employees Feel the Love
One could argue that February is the month of love, but with myFlexplan, you can help employees feel the love all year long. Giving them...


myHSA
Feb 14, 20242 min read
Showing Co-Workers you Care
Years ago, I read the 5 Love Languages by Gary Chapman, discovering that people feel loved in diverse ways. While we may intend to show...


myHSA
Jan 29, 20241 min read
Can Spouses who are Employees at the same company have their own myHSA accounts?
It is not uncommon for company owners to employ their spouse, however, when it comes to Health Spending Accounts (HSAs), navigating the...


myHSA
Jan 23, 20242 min read
What is the Element of Risk?
The CRA guidelines for HSA's indicate that an HSA must act like a plan of insurance, and like insurance, there must exist an "Element of...


myHSA
Jan 18, 20243 min read
Mythbusters Edition
Disclaimer: these are interpretations by myHSA and do not constitute tax advice, an accountant should always be consulted "Companies with...


myHSA
Dec 15, 20232 min read
2024 Predictions
I do love trying to have fun at the end of the year to see what I think may change or be upcoming for the new year but like usual in the...


myHSA
Dec 15, 20232 min read
10 Years of myHSA
As we approach the conclusion of what seems to be one of the most successful years for myHSA in every aspect, I've taken the opportunity...


myHSA
Nov 22, 20232 min read
Sage Advice
We have been quiet about this, but now we are ready to stand on the rooftops and tell everyone - we upgraded our chat feature, and it's...


myHSA
Nov 21, 20232 min read
What do Tesla, Apple, Amazon, and myHSA have in common?
What do these companies have in common? Well - we, and many other companies you know, measure our customer loyalty using the NPS (Net...


myHSA
Nov 7, 20232 min read
How to Get Your Claims Reimbursed
Nothing is more annoying than jumping through hoops to get reimbursement after paying out-of-pocket for an expense. We at myHSA want our...


myHSA
Nov 1, 20231 min read
myHSA is now SOC 2 Type 2 Certified
Security has always been the highest priority for myHSA. We pursued and achieved SOC 2 Type 1 certification in 2021, but as we’ve grown,...


myHSA
Oct 18, 20233 min read
Looking Beyond the Surface of Benefits: The Hidden World of Spending Accounts
Every year, the Sanofi/Benefits Canada survey sparks excitement in the benefits industry, a feeling that I vividly recall from my early...


myHSA
Sep 20, 20232 min read
Coordinating Insurance with an HSA
Health coverage is like peanut butter. You want to make sure it’s spread out as much as possible, otherwise, you might just take a bite...


myHSA
Sep 18, 20233 min read
Balancing Automation in Business Operations
As an entrepreneur, I occasionally like to take a detour from discussing the benefits of our services and instead share my personal...


myHSA
Sep 11, 20233 min read
Understanding the Difference Between Utilization and Bank Rec Reports
In the realm of managing employee benefits, it's crucial for businesses to stay informed about the utilization of their benefits plans...


myHSA
Sep 7, 20232 min read
myFlexplan Allocation: A Complete Guide
myFlexplan is taking the spotlight as our fastest-growing plan type (because it's amazing), but with the myFlexplan comes a term that...


myHSA
Sep 7, 20232 min read
Switching from myHSA to myFlexplan
So, your client is thinking about moving from a myHSA to a myFlexplan and the broad scope of benefits it provides. Sure, the myHSA is a...


myHSA
Aug 17, 20231 min read
Why NOT to Run an HSA In-House
There are MANY reasons why the responsibility of running a Health Spending Account, Wellness Spending Account and/or Flexible Spending...
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