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
March 2021 Advisor Newsletter
Allison's first blog post at myHSA, a first look at the Marketplace experience, and a roundup of advisor resources for setting up clients on the platform.
myHSA
Updated on:
Allison's First Blog Post Ever!
Over the last year, we have onboarded over 500 new advisors, and I have come to realize that while features are not always easy to remember, the end goals are. What I mean is, our users reach out and ask me, "what was that plan where employees get to decide how to split their funds, or what was the plan where the company can control their costs?"
Click here to keep reading Take a first look at the Marketplace Experience
Missed our webinar on Marketplace?
Check out the full recap here Register for a webinar with our partner, ALAViDA
Substance use is on the rise thanks to COVID, and this can cost employers thousands in terms of short and long term disability claims. Register for an upcoming webinar information session on
April 6, with our partner, ALAViDA , on their platform, which includes a virtual companion, dedicated care team, cognitive behavioural therapy, awareness tools and more at a fraction of the cost of traditional rehab
Click here to register now Resources we love Many employers re-evaluating benefits
Employees are turning their backs on employers
Plan sponsors focusing on well-being, virtual healthcare in year two of the pandemic
Advisor FAQ
Can you tell me what Reserve means?
Reserve refers to the employee's expiring funds; these are credits leftover from previous year(s). This balance can only ever be used for prior year claims.
If a plan does not have credit carryover, at renewal unused credits will drop into the Reserve account for the duration of their grace period. For a plan with Carryover, unused carryover credits will drop into Reserve at renewal.
What is "Grace Period" in the plan design?
Grace period is the time period after renewal that an employee can submit outstanding claims from the previous benefit year. The standard grace period for most plans is 90 days. Only carryover and reserve balances can be used for prior year claims during the grace period.
What is carryover?
Unused credits can be carried forward to the following benefit year, we call this balance "Carryover". The carryover can be used toward outstanding claims from last year, in combination with the Reserve, during the employee's grace period. If there are no outstanding claims, the employee can apply their carryover toward the new benefit year. New claims will draw from carryover first, then current funds.
Upcoming Dates Thursday, April 1: International Fun at Work Day
Friday, April 2: Good Friday Sunday, April 11: National Pet Day
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Blog Highlights
Other Insights
Expert insights on flexible benefits, employee retention, and CRA-compliant plans in Canada.
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.
