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June 2021 Advisor Newsletter

Tim Kane on the Benefits of Knowledge podcast, a roundup of advisor must-reads, and a look at why METC calculators do more harm than good for HSA conversations.

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Benefits of Knowledge Podcast Feature

Take a listen as Tim Kane joins Lorne Curry on the "Benefits of Knowledge" podcast. They discuss myHSA

's implementation of different plans, the benefits for varying company sizes, and the impacts on employees and company culture.

Click here to listen now In case you missed it

Many people in the benefits world slough off wellness programs. Why do wellness plans offered alongside health insurance need to be thought of together?

Click here to read now METC vs HSA

Which is more beneficial for a business owner to use?

View the full METC vs. HSA calculator in your

Marketing documents when you log in to myHSA.

Resources we love Why you need a mental health day

Balancing expectations with wellbeing — Half of Canadians increasing virtual health care amid pandemic

Workplace turnover tsunami brewing as COVID-19 subside s

Employees are heading back to the office

Help support their individual needs with flexible benefits through a WSA. Employer's can choose the items that are eligible for reimbursement to support their business's values, while still supporting employees under a set budget.

Some popular examples we have seen are: Child care options

Increase in mental health coverage

Commuting expenses (transit, parking, etc.)

Fitness options (at home items, memberships, subscriptions, etc.)

Click here to view our flexible solutions Voluntary Benefits

Employees are expecting more from their employers and the benefits that they are offered – with flexibility being key. Your clients can offer voluntary benefits to employees through the myHSA

Marketplace.

Click here for more on the Marketplace

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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.

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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.

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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...

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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...

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