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Insights
September 2026 Advisor Newsletter
In this Issue: A year-end HSA checklist for clients & an advisor spotlight
News
February 2023 Advisor Newsletter
Can shareholders have an HSA? A clear breakdown of the element of risk for shareholders, plus a comparison of METC vs HSA savings for business owners.
myHSA
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Shareholders and the Element of Risk
Can shareholders have an HSA? There’s a lot of noise around this, I think it’s time we clarify our thoughts. First, a disclaimer – we are not accountants, the client’s accountant should have the final say when it comes to their client’s plan design. If the CRA comes knocking on the door, the accountant will be defending the plan and the shareholder’s participation.
Click here to keep reading METC vs. HSA
Many times, we run into a scenario where a business owner is assessing whether to use an HSA or the Medical Expense Tax Credit (METC). If you understand both concepts, it is a no brainer to setup an HSA. Tim and I have always fought to not include the “HSA vs METC Savings Calculator” on the platform because to us it’s unnecessary. In the context of a small business, I’ll explain my thoughts below.
Click here to keep reading Important Notices for February
Grace Period — If your client has a 60 day grace period and their plan renewed on January 1, the window to submit last year's claims will expire at the end of February. The grace period is the time after renewal for employees to submit any outstanding claims from the previous benefit year.
myHSA allows for a grace period of either 0, 30, 60, 90 or 120 days and is customizable in the plan design.
Subscription Notice — Please note that as of January 1, 2023, the Subscription fee model is no longer available for 1 and 2 employee groups. The Subscription fee is too low for the administration and adjudication for these plan limits. There are no exceptions permitted for this change.
To share with your clients
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.
We even have a new " Employer Resources
" section where we will be publishing new content to help educate businesses on the benefits of different plans. myHSA Plan Comparison
What is a Health Spending Account?
What can I claim with a Health Spending account?
What is a Flexible Spending Account?
Balances Explained HSA's for Sole Employees
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Blog Highlights
Other Insights
Expert insights on flexible benefits, employee retention, and CRA-compliant plans in Canada.
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.
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.
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.
