Did you know your Health Spending Account (HSA) covers services even when you're abroad? Whether travelling for business or taking that...

Health Spending Accounts (HSAs) offer a straightforward and flexible way to manage healthcare expenses, providing an ideal solution for...

Learn why you might need to provide a Letter of Medical Necessity to accompany your Health Spending Account claim

Can you buy critical illness insurance after you’ve been diagnosed with an illness? Can you buy home insurance after a house fire? Can...

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...

Reports serve as a vital tool, providing essential insights for both advisors and plan administrators. They aid in comprehending plan...

Important info for companies offering dental coverage through myHSA! Attention to all employers providing dental benefits: When reporting...

January 1 annual plan renewals will occur with the following balance adjustments: 1. Employees with Credit Carryover: - Unused 2023...

Nothing is more annoying than jumping through hoops to get reimbursement after paying out-of-pocket for an expense. We at myHSA want our...

In the realm of managing employee benefits, it's crucial for businesses to stay informed about the utilization of their benefits plans...

Our live chat (yes, we have real myHSA employees answering every single live chat question!) team wanted to help clear up what the...

We want to talk about the 10% rule and why it is confusing and made things worse - not better. A few years ago, CRA made an update to...

Can shareholders have an HSA? There’s a lot of noise around this, I think it’s time we clarify our thoughts. First, a disclaimer – we...

Many times, we run into a scenario where a business owner is assessing whether to use an HSA or the Medical Expense Tax Credit (METC). If...

We recently received the question "are PHSP's/HSA's suitable for a sole employee, who is also a shareholder?" An advisor sent us this...

Ever since I have been in this industry, I have always been asked “what is up with Cost Plus?” They are attached to almost every...

Carryover? Reserve? Grace Period? Movement of Balance? Have no fear. Take a look at our handy infographic below for a complete and easy...

Health Spending Account and Wellness Spending Account. That’s it. We can combine them, dissect them, and define them but at the end of...

Should you claim your medical expense using the Medical Expense Tax Credit, or under your Health Spending Account? Let's crunch some...