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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.

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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.

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.

myHSA
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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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