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“HSAs are a great way to learn benefits and a great way to approach companies to develop confidence. They’re low cost, simple administratively, and you can learn them quickly.”

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April 2021 Advisor Newsletter

Tim Kane on why he built a customer-centric technology platform instead of a customer-agnostic one, plus a webinar preview on current solutions and upcoming projects.

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People Powered Platform — I am not a technology expert. As much as I love it, and have actually built a pretty good business doing it, if you ask many who know me I am one of the last people that would become friends with a computer. Many who ask how I got into the technology business it was not due to a want or a need to become more customer agnostic, it was to become more customer centric.

Click here to keep reading more from Tim Kane

Upcoming Webinar: Current Solutions, Upcoming Projects & Advisor Feedback Session

Join our own Steve McEwan as we discuss our solutions, upcoming projects and get feedback from Advisor's on items like quoting pooled products, Marketplace, ASID disability products, mental health platforms, group RRSP's and more. This will be an interactive discussion rather than traditional webinar!

Tuesday, May 4 | 11am MT | 1pm ET May the fourth be with you

Click here to register — Have you used our Support Chat? We have real live humans (!!!) answering your questions 24/7

" — Live support is probably the best experience I've ever had compared with the other live support from other companies/industries. I really feel that I am chatting with a live person, very helpful and patient. Thanks. Keep up the good work. Kudos!!!"

- Maria, Insurance and Wealth Advisor

Click here to submit your own feedback to us!

Thinking outside the benefits box:

Does your client have unique needs and would like some more versatility? myASO can be used to add custom non-taxable or taxable accounts to an HSA or flexible spending account. Recently, we have seen myASO plans implemented to top up mental health services with an additional allowance. Last year, we saw it used for a Home Office Equipment allowance.

Resources We Love — Small businesses are turning to benefits to retain talent

Strategies to encourage remote employees to use wellness benefits

Top Women in Benefit Advising

Working parents are in the dark about child care benefits

Advisor FAQ — What kind of plan combinations can I have for my client?

Answer: 1. HSA 2. WSA 3. HSA + WSA

4. myFlexplan (employee allocates between the HSA & WSA)

5. myASO: everything above and more!

Can I create different classes in a plan design?

Answer: — Yes! By the way, we use the terms "plans" and "classes" interchangeably, so when you want to add another class to the company, you will just move to the Plans page and click "Add Plan."

I have a suggestion or review I want to leave for the myHSA team - where can I do that?

Answer: We love feedback! Please click here to visit our testimonials page to let us know what you think, any suggestions, how we are doing or just general feedback!

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Blog Highlights

Other Insights

Expert insights on flexible benefits, employee retention, and CRA-compliant plans in Canada.

Research

myHSA opens up Dialogue for small groups

myHSA's new partnership with Dialogue brings virtual healthcare to small groups through the advisor channel — a model that's strategically aligned and mutually beneficial.

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Insights

What can you claim with a Health Spending Account?

Eligible HSA expenses are defined by the CRA and include a wide range of health, dental, and vision items — here's a plain-language breakdown of what's covered.

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Insights

The Advantages of myFlexplan

myFlexplan combines the tax benefits of an HSA with the flexibility of a WSA, giving employees the power to choose benefits that fit their personal needs.

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Insights

Using Health Spending Accounts for Specialized Education

HSAs can help cover the costs of specialized schooling, tutoring, and education for employees or dependents who are disabled or differently-abled.

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Insights

5 Reasons Why Your Business Should Offer a WSA

Wellness Spending Accounts (WSAs), sometimes called Lifestyle Spending Accounts, Personal Spending Accounts, and countless others, are a top employee attraction and retention tool for businesses of...

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Insights

5 Ways a WSA Can Help With DEI Initiatives

Diversity, Equity and Inclusion (DEI) initiatives are more important than ever for businesses of all sizes. A Wellness Spending Account (WSA) is one of the best ways to contribute to DEI...

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