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.
Research
How to Help Employees Feel the Love
By combining an HSA and WSA through myFlexplan, employers can give employees the freedom to choose benefits that truly work for them — all year long.
myHSA
Updated on:
One could argue that February is the month of love, but with myFlexplan , you can help employees feel the love all year long. Giving them the power over their own health and wellness journey ensures that employees make the choices that work the best for them!
By combining a Health Spending Account (HSA, non-taxable) and a Wellness Spending Account (WSA, taxable) an employer can choose to have a long and creative list of eligible items for reimbursement for employees to choose from. This is what makes myFlexplan such a powerful employee attraction and retention tool.
Some common eligible items that get the most love from employees include:
Gym memberships At-home fitness equipment Ergonomic office equipment
Weight loss programs Holistic practitioners
Some of the not-so-common (yet) items that we have seen employees LOVE include:
Veterinary fees Winter tires/vehicle maintenance Group RRSP/TFSA options
Spa services Concert tickets Camping fees Golf green fees
It’s important to think outside the box when deciding on eligible items for reimbursement. The significance of being able to alleviate financial concerns or pressures on an employee can have a profound impact on their mental health and overall quality of life, especially when unexpected but necessary expenses come up, like veterinary bills. myASO is another way to help employees feel the love! With dedicated balances for specified items, they have access to additional funds outside of their HSA. myASO is also a perfect way to address items that may be important to employees but that are not always available with traditional benefits offerings, like gender affirmation programs and DEI initiatives. myASO is also a great way to offer additional funds for things like mental health.
To get started on helping your employees feel the love, click here
No items found.
Blog Highlights
Other Insights
Expert insights on flexible benefits, employee retention, and CRA-compliant plans in Canada.
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.
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.
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.
