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February 2022 Advisor Newsletter

What's up with Cost Plus and why it gets attached to almost every benefits plan, plus Steve McEwan's imaginary client meeting scenarios that every advisor will recognize.

myHSA
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What is up with Cost Plus?

Ever since I have been in this industry, I have always been asked “what is up with Cost Plus?” They are attached to almost every benefits plan, whether requested or not. Some of the advisors we have spoken to even have a Cost Plus plan for the owners “for when they exhaust the insured plan and spending account.” I get that they are used differently in the industry, however, I have two questions:

Click here to keep reading Steve's Imaginary Client Meetings

I like to play a game when I drive to work – “what I would be talking to clients about right now if I were still an advisor?”

Click here to keep reading How to Heal a Broken Heart

We had to know, what is love

?

And, what do you love the most? ...so we asked the obvious source

- our kids Charlie, age 8: "ummmmm...my family!" Jake, age 6:

"TOYS!" Noah, age 5: "Love means you really like someone."

Reese, age 4: — "Love is you feel it in your heart. And when you get married, then you can go on a date."

Joss, age 4: — "I love Elira the most" friends from daycare getting the love from Joss

Declan, age 2: only had eyes for the iPad Our Valentines to Our Valued Advisors

Resources we love — How small-mid sized businesses can offer benefits like a large employer

23% of employees saw workplace perks wiped out during pandemic

White-collar workers reporting improved mental health due to hybrid work

Benefits top list of retention tools for employers

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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.

myHSA
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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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