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August 2023 Advisor Newsletter

A renewal-ready content refresh covering HSAs for sole employees, METC vs HSA, the 10% rule, defining dependents, and more essential advisor resources.

myHSA
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Get ready for renewals with a refresh on all of our best content

HSAs for Sole Employees METC vs HSA Shareholders and the Element of Risk

Clearing up the 10% Rule Why we only work with Advisors

Inflation & Health Spending Accounts Defining Dependents

What can you claim with a Health Spending Account?

What is a Flexible Spending Account?

What is a Health Spending Account?

Wellness Programs Just Make Sense

Insurance for Health, Dental and Vision, for the most part, is not true insurance

How to Have a Smooth Renewal

Why does my Small Business need an Insurance Advisor? myASO & DEI Initiatives

The Advantages of myFlexplan Our 2023 Predictions

Are Mental Health Benefits being done right in 2022?

We're Going International!

What is up with Cost Plus?

Balances Explained HSA vs WSA Build Better Benefits

Looking for more?

Check out all of our blogs here

Have a topic you want us to talk about that we haven't covered yet?

Let our team know about it here Important Notices for August

Multi-Factor Authentication Update — To enhance security, we are introducing Multi-Factor Authentication (MFA) to Advisor and Referral Partner Logins. MFA will officially be rolled out as a mandatory step in the login process on

September 5th, 2023 .

If you would like to turn on MFA sooner on your account, or you would like more information about MFA, you can reach out to our support team using the live chat icon on our website, or email support@getmyhsa.com. myFlexplan & Allocation

With a new benefits plan, or anything new really, we have found that it is generally helpful to understand the common terms that are used when discussing the details of the plan. This brings us to "

Allocation ." Read more here Beat the Renewal Rush

Meet with your clients ahead of time to schedule changes that are to happen at renewal. Most plan changes can be scheduled early, so they happen automatically at renewal! To learn how to schedule changes ahead of time, please reach out to us at support@getmyhsa.com.

Upcoming Webinar Series — An interactive webinar series with our Support team is in the works to go over the basics of HSAs, how best to position them and more. Keep an eye out for more information, coming soon.

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Blog Highlights

Other Insights

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

Autumn leaves on a tree
Insights

September 2026 Advisor Newsletter

In this Issue: A year-end HSA checklist for clients & an advisor spotlight

Aly Edwards
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Research

Why an HSA is the Best Small Business Benefits Package in Canada

Discover why Canadian small businesses are switching to Health Spending Accounts: 100% tax-deductible, flexible, and easier to manage than group insurance.

Aly Edwards
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News

What is Multi-Factor Authentication, and Why is myHSA Using It?

What Multi-Factor Authentication (MFA) is, why myHSA added it for Plan Administrators, and how to log in with your authenticator app.

Aly Edwards
Updated on:
Woman running by the ocean
Insights

Are Health and Fitness Apps Eligible Under an HSA in Canada?

Are health and fitness apps eligible under an HSA in Canada? The short answer? Generally, no. Read more to learn why.

Aly Edwards
Updated on:
Woman in glasses types on a laptop at a wooden desk in a cozy home office with shelves, plants, and a brick wall.
Insights

Why Choice is Becoming the Most Valuable Benefit You Can Offer

Why choice is becoming the most valuable benefit: myHSA's Danielle Constantine and Medcan's Sherri Look Yan on flexible benefits and preventative care.

Aly Edwards
Updated on:
Research

The 2025 myHSA Year-End Trend Report: A Closer Look into the World of Spending Accounts

2025 myHSA Trends Report cover on cream background with teal and black text; subtitle reads a closer look into the world of spending accounts.

Hailey Dirk
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