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September 2024 Advisor Newsletter

As insurance renewal conversations approach, many small business owners are looking for ways to manage rising healthcare costs while still providing their employees with valuable benefits. One...

myHSA
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As insurance renewal conversations approach, many small business owners are looking for ways to manage rising healthcare costs while still providing their employees with valuable benefits. One strategy that’s gaining popularity is incorporating wellness benefits, like myWSA and myFlexplan , into employee benefit packages.

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Customizable Benefits for a Diverse Workforce: Why myFlexplan is Perfect for Small Businesses

In today's work environment, diversity isn't just about hiring people from different backgrounds—it's about recognizing that employees have unique needs, priorities, and lifestyles. This is especially true when it comes to employee benefits. One-size-fits-all benefit plans can fall short, leaving employees without the support they need to maintain their health and well-being.

Enter myFlexplan .

This flexible benefit plan is the perfect solution for small businesses looking to provide meaningful, personalized benefits for a diverse workforce.

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How Health and Wellness Spending Accounts Complement Traditional Benefits Plans

If you’re offering traditional benefits plans to your clients, you’re already providing a solid foundation of support for their employees. But have you considered how health and wellness spending accounts (HSAs and WSAs) can take those benefits to the next level? Think of these plans with myHSA as the perfect sidekicks to traditional plans—adding flexibility, coverage, and a personal touch that can make a big difference.

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We are here to support you!

Our whole team is here to help as we head into one of the busiest times of the year:

Here are the best contacts on our team: Live chat : best if you have general questions and are looking for an answer right away. Our chat team can help with quick system fixes and general inquiries. Use the speech bubble on our website or on the app to get connected with our chat team.

Support team : small group onboarding, questions about specific plans and plan designs, all general inquiries ( support@getmyhsa.com )

Kyle : Advisor questions and demonstrations ( kyle@getmyhsa.com )

Justine : Plan Admin platform demonstrations & large group onboarding for new companies ( justine@getmyhsa.com )

Platform Update — Multi-Factor Authentication for Plan Administrators

Multi-Factor Authentication (MFA) via text message is now available for all Plan Administrators! If a Plan Admin would like to receive an MFA verification code via text message, they can add their phone number to their myHSA account under "Settings." The default method for MFA is via email.

All New Advisor Resources Center

We have completely revamped the Advisor Resources center! Some new features you can experience are:

Search bar for ease of use

Ability to favorite commonly used documents and other resources

Easy to find specific resources pages Revised document sorting

Ability to upload your own documents and sort by company

Tips for Advisors from Your Account Team Heading into Renewals

October 1 marks the three months prior to renewal for calendar year plans! Now is a good time to check in to review utilization from the past year, review our benchmarking data, start conversations around increases, and see if myFlexplan would be a suitable option for HSA only clients.

Large Group Demos — Justine, our Account Manager, is here for your large group demos! Take advantage of the slower time of year to get your large groups familiar with the

myHSA system before busy season starts!

Group with 10 lives or more?

If you have a group with 10 lives or more, fill out the Import Spreadsheet (located in your resources tab) with all the required data and send it to support@getmyhsa.com and we will import the employees for you!

Prospect Centre — Our Prospect Centre on your Advisor Dashboard is a great source of information! You have access to instant proposals, our quoting tool and even benchmarking data anytime you need it.

The Case for Health Spending Accounts: A Valuable Option for Your Small Business Clients

As an insurance advisor working with small businesses, you’re familiar with the challenges your clients face when it comes to employee benefits. Many struggle with the costs and inflexibility of traditional insurance plans. Health Spending Accounts (HSAs) offer a highly attractive alternative for your small business clients. Let’s examine why HSAs might be a fitting choice for them.

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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?

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.

myHSA
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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.

myHSA
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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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