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.
News
January 2023 Advisor Newsletter
Why myHSA opposes METC calculators, our 2023 predictions for the benefits industry, and a recap of what advisors need to know heading into the new year.
myHSA
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Why we hate METC calculators for HSAs
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 Our 2023 Predictions
We started this last year and thought it would be fun to do again!
Before we jump into the 2023 predictions, let’s see how I did last year. The 3 trends we predicted for 2022 were:
Click here to keep reading Important Notices for January
January 1: myFlexplan — Employees will be sent an email notifying them to make their allocation between HSA and WSA. They will also be reminded with 8 days left in the allocation and the day before the allocation closes
Have you seen the allocation window countdown on the dashboard on our mobile app? Its a great reminder for employees to know exactly how long they have to allocate. Employees can allocate their funds as they choose during the allocation window. Once the window closes, their funds will automatically be allocated based on the default auto-allocation set up in the plan design.
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Blog Highlights
Other Insights
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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.
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.
