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August 2022 Advisor Newsletter

Can a sole shareholder-employee have an HSA? Yes — here's the explanation, plus an update on myHSA's international expansion initiative.

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Health Spending Accounts for a Sole Employee?

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 question after reading this tax update that was sent to them by a client’s accountant.

Click here to read more

We're Going International!

We'll be testing out this concept, and we may have come across a bigger opportunity than we knew existed. Insurers don’t offer anything like it, nor do any HRIS systems or tech platforms, hence why we keep getting asked to do it.

Click here to read more The business nobody wants to be in

I say this tongue in cheek, but I realized this morning that it is kinda true. We have been debating as we grow on our mission statement and focus as we move forward on what we want to focus on. Many companies, us included, sometimes get enamoured with other potential products or areas to get into with the vast employee benefits space.

Click here to read more To share with your clients myHSA Plan Comparison

People Powered Platform — Lifestyle Spending Accounts: your top questions answered

How employers can support employees' financial, mental well-being during high inflation

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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.

Steve McEwan
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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.

myHSA
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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...

myHSA
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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...

myHSA
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