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January 2022 Advisor Newsletter

Why health, dental, and vision insurance isn't really insurance, ConnexHealth benefits for advisors, and the January advisor content roundup from myHSA.

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Insurance for health, dental and vision, for the most part, is not true insurance

Most expenses are routine and not catastrophic expenses to the employee. For home insurance, we only insure items with high value that would cause financial hardship, not a toaster, for example. With group benefits, we have agreed on an arrangement that employers pay for employees’ routine health expenses, which is ok as it is a form of mutually agreed-upon compensation.

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ConnexHealth Benefits Breakfast Club Webinar: The Changing Risk Lanscape

Join our own Steve McEwan and other industry presenters for a morning of information and discussion to review the challenges of managing risk for small, mid-sized and large groups and examine existing and emerging solutions.

Thursday February 10 | 2.5 CE credits (excluding AB)

Click here to register Our top blogs of 2021 HSA vs. WSA

"With two basic plans, the ability to offer flexibility for employees for their health and wellness items is key."

We're Pivoting!" — "We are not arrogant as a company, but we are bold. We feel that we are well on our way to changing the way benefits are thought of."

Pooled Party!

"Anytime you enter the insured space—and as many of the “disruptors” have failed to see—there are complexity and risks, so you need to know what you are doing, for everyone’s sake."

Wellness Programs just make sense

"Why do wellness plans offered alongside health insurance need to be thought of together?"

Click here for a complete explanation and examples of each of our plans

Click here for our Balances Explained blog Resources we love

How employers can help parents, students amid return to remote learning

How to make mental health a priority in 2022

Salary vs. employee benefits - which is better to offer?

Employers, employees offer differing opinions on mental-health support

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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.

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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.

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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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