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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.

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Insights

September 2026 Advisor Newsletter

In this Issue: A year-end HSA checklist for clients & an advisor spotlight

Aly Edwards
Updated on:
Research

Why an HSA is the Best Small Business Benefits Package in Canada

Discover why Canadian small businesses are switching to Health Spending Accounts: 100% tax-deductible, flexible, and easier to manage than group insurance.

Aly Edwards
Updated on:
News

What is Multi-Factor Authentication, and Why is myHSA Using It?

What Multi-Factor Authentication (MFA) is, why myHSA added it for Plan Administrators, and how to log in with your authenticator app.

Aly Edwards
Updated on:
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Insights

Are Health and Fitness Apps Eligible Under an HSA in Canada?

Are health and fitness apps eligible under an HSA in Canada? The short answer? Generally, no. Read more to learn why.

Aly Edwards
Updated on:
Woman in glasses types on a laptop at a wooden desk in a cozy home office with shelves, plants, and a brick wall.
Insights

Why Choice is Becoming the Most Valuable Benefit You Can Offer

Why choice is becoming the most valuable benefit: myHSA's Danielle Constantine and Medcan's Sherri Look Yan on flexible benefits and preventative care.

Aly Edwards
Updated on:
Research

The 2025 myHSA Year-End Trend Report: A Closer Look into the World of Spending Accounts

2025 myHSA Trends Report cover on cream background with teal and black text; subtitle reads a closer look into the world of spending accounts.

Hailey Dirk
Updated on: