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“HSAs are a great way to learn benefits and a great way to approach companies to develop confidence. They’re low cost, simple administratively, and you can learn them quickly.”

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July 2023 Advisor Newsletter

Introducing myASO — the plan option many advisors haven't heard of — plus an upcoming interactive webinar series on HSA basics and positioning.

myHSA
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We have a secret...

We have a plan option that many advisors haven't even heard about and if they have, chances are they're not aware of all the innovative ways it can be used. We call it myASO, although it used to go by the name myDefined… which some argue might be an even better fit.

Click here to keep reading Important Notices for July

Upcoming Webinar Series — An interactive webinar series with our Support team is in the works to go over the basics of HSAs, how best to position them and more. Keep an eye out for more information, coming soon.

Multi-Factor Authentication is on the way

Stay tuned to our social media channels and this newsletter for updates on Multi-Factor Authentication on the Advisor login.

Beat the Renewal Rush — Meet with your clients ahead of time to schedule changes that are to happen at renewal. Most plan changes can be scheduled early, so they happen automatically at renewal! To learn how to schedule changes ahead of time, please reach out to us at

support@getmyhsa.com.

The Advantages of myFlexplan — If our different plans were our kids, we would have a favorite:

myFlexplan

(don’t tell the others)!

We love the predictable and steadfast HSA (Health Spending Account) with its clear guidelines on eligible items from the CRA. We ALSO love the creativity and flexibility that comes with a WSA (Wellness Spending Account). What could be better than combining them together into myFlexplan

?

Click here to keep reading

5 Ways a Wellness Spending Account 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 initiatives, as well as one of the simplest to implement.

Click here to keep reading Clearing up the 10% rule

We want to talk about the 10% rule and why it is confusing and made things worse - not better. A few years ago, CRA made an update to HSAs and what can be claimed. The update said:

Click here to keep reading

Let's get Social!

We don't like to spam your email inbox, which is why we only send one Newsletter to our Advisors each month! BUT - if you want even more tips, information, news, and more you should follow us on our social media!

Make sure to hit that "Follow" button for each platform you want to follow us on!

Follow us on LinkedIn Follow us on Facebook Follow us on Twitter

Follow us on Instagram 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

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
Updated on: