Close
Solutions
Resources

“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.”

Read Case Study
Pricing
Careers
Search Site
Insights

Maximizing Your Healthcare with HSAs: Ozempic and Semaglutides

Health Spending Accounts (HSAs) offer a straightforward and flexible way to manage healthcare expenses, providing an ideal solution for those looking to use medications like Ozempic and other...

myHSA
Updated on:

Health Spending Accounts (HSAs) offer a straightforward and flexible way to manage healthcare expenses, providing an ideal solution for those looking to use medications like Ozempic and other semaglutides for weight loss. While traditional insurance often covers these drugs primarily for diabetes management, HSAs can help fill the gap for those seeking their benefits specifically for weight loss.

How HSAs and Insurance Work Together: Filling the Gaps :

Insurance : Many insurance plans cover Ozempic and other semaglutides for diabetes management but may not extend coverage for their use in weight loss, despite their effectiveness.

HSAs : HSAs can be used to pay for these medications regardless of the specific medical indication. This flexibility allows you to utilize Ozempic for weight loss even if your insurance does not cover it for this purpose.

No Extensive Proof Needed :

With an HSA, you do not need to submit detailed claims or justify the medical reason for using Ozempic for weight loss. All we need is proof that you were prescribed it and that you obtained it through a Pharmacy dispensing it.

Flexibility and Control : — HSAs empower you to make healthcare decisions based on your needs. If you and your healthcare provider decide that Ozempic or another semaglutide is right for your weight loss journey, your HSA can cover the cost.

Partnering for Your Health: — We understand the strengths of traditional insurance and the unique advantages of HSAs. By working together, we aim to provide you with the most effective tools to manage your health expenses, ensuring you receive the care you need.

Danielle Constantine CX Manager myHSA

No items found.
Blog Highlights

Other Insights

Expert insights on flexible benefits, employee retention, and CRA-compliant plans in Canada.

Autumn leaves on a tree
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:
Woman running by the ocean
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: