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June 2025 Advisor Newsletter

Wealthsimple's gender affirmation plan with myHSA, a breakdown of pay-as-you-go vs prefund options, and a first look at the upcoming myHSA Academy.

Hailey Dirk
Updated on:

In this Issue 🏳️‍🌈 — Wealthsimple's flexible gender affirmation benefit plan with us

💳 Understanding our funding options (pay as you go and prefund)

📚 The NEW myHSA Academy—coming soon 🏳️‍🌈

Wealthsimple’s Flexible Gender Affirmation Plan with myHSA

This Pride Month, we're proud to recognize one of myHSA's most meaningful partnerships.

See how we work with Wealthsimple through a myASO plan to deliver a custom, private, and flexible Gender Affirmation benefit tailored to their employee needs—and learn how you can create a similar plan for your clients.

Read more .

💳 Our Funding Options

Pay as You Go (Most Popular)

The Pay As You Go model is the default funding method for myHSA.

The company only pays when employees make claims—no upfront fees

Approved claims are processed through the week

This approach offers a simple, transparent option ideal for those wanting real-time payment alignment.

Prefund — Some of the key features of our prefund option are:

Flexible Schedules — Choose from annual, quarterly, or monthly funding schedules

Prefund Amount Calculated as Projected Claims + Admin Fees + Taxes . Projected claims are based on 80% of the total company allowance

Reconciliation — Unused funds can be refunded or allocated to the following year. A one-time withdrawal will cover any deficits

Looking to discuss funding options for a client?

Email myHSA accounting .

📚 The NEW myHSA Academy

We're our best when you're your best. That's why we're excited to announce the new myHSA Academy is coming soon. You'll be able to learn about:

Using the myHSA platform — Positioning myHSA plans and products Industry policies and regulations

Keep an eye on our newsletter for more information closer to our launch. myHSA Help Articles

Our incredible Support staff are always adding to our library of answers for Frequently Asked Questions!

Click here to get the answers .

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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?

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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.

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Insights

Using Health Spending Accounts for Specialized Education

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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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