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April 2022 Advisor Newsletter

The Liberal-NDP dental and pharmacare coalition explained, does benchmarking inspire change or complacency, and important advisor notices for April.

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National Pharma and Dental Care

News of a coalition between the federal Liberal and NDP has recently surfaced, with the NDP making demands to the Liberals to stay in power with a minority government. Two of which include the Liberals continue to push the national Pharmacare strategy and include universal dental care. Liberals have lightly been moving forward with a Pharmacare strategy but had not considered the dental care option.

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Does Benchmarking inspire change or encourage more of the same?

Featured on Benefits Canada — Trends don’t change overnight; it often takes time to see with shifting mindsets and the adoption of new ideas. Our small sector of the benefits space has seen a slow but steady uptake of spending accounts since we joined the market.

Click here to keep reading myHSA and AVP Bizflex myHSA is pleased to announce effective April 15, that we have entered into an arrangement to partner with AVP Bizflex – bringing their extensive existing business to our online platform.

Click here to keep reading Be brave enough to suck at something new

Okay, I know what you are going to say. The pandemic didn’t really provide us with a lot of opportunities to try a new hobby. Or did it?

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The new myHSA Employee App is here!

Android users now have access to myHSA's new app experience, with availability for iOS users in early May . Features include:

Claim notification and real-time status

Complete balance breakdowns for individual spending accounts

Direct response from adjudicators on a claim-by-claim basis

Click here to view our new employee app tutorial To share with your clients

A new feature, exclusively for our valued Advisor network. Look here in each newsletter for featured content from myHSA and our other trusted sources that you can send to your clients who may not quite "get" HSA's, WSA's or flex plans just yet.

Physical health, work-life balance among top concerns and ability to retire among top concerns for Canadian employees

Balances Explained — Health Spending Accounts discussion with Lori Power, Tim Kane and Steve McEwan

How to offer benefits like a large company

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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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