What your Benefits Plan Says About your Company
Every company culture and structure is unique, from small independent businesses to large international corporations, there are no two...
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Employer Resources
Everything you want to know about Health Spending Accounts, Wellness/Flexible Spending Accounts, group benefits and more for Canadian small businesses
myHSA
- Mar 15
- 2 min
Who Decides What is Eligible Under an HSA?
We are often asked why we have to adhere so closely to the list of eligible items, and why we are unable to stray from it. A common...
myHSA
- Feb 14
- 2 min
How to Help Employees Feel the Love
One could argue that February is the month of love, but with myFlexplan, you can help employees feel the love all year long. Giving them...
myHSA
- Feb 14
- 2 min
Showing Co-Workers you Care
Years ago, I read the 5 Love Languages by Gary Chapman, discovering that people feel loved in diverse ways. While we may intend to show...
myHSA
- Jan 29
- 1 min
Can Spouses who are Employees at the same company have their own myHSA accounts?
It is not uncommon for company owners to employ their spouse, however, when it comes to Health Spending Accounts (HSAs), navigating the...
myHSA
- Jan 23
- 3 min
How myFlexplan can help you achieve your goals
It’s that time of year again, when people take a look back at the previous year and identify some changes they might want to make for the...
myHSA
- Jan 18
- 3 min
Mythbusters Edition
Disclaimer: these are interpretations by myHSA and do not constitute tax advice, an accountant should always be consulted "Companies with...
myHSA
- Jan 9
- 3 min
Different Types of Reports
Reports serve as a vital tool, providing essential insights for both advisors and plan administrators. They aid in comprehending plan...
myHSA
- Jan 8
- 1 min
Reporting Dental Benefits
Important info for companies offering dental coverage through myHSA! Attention to all employers providing dental benefits: When reporting...
myHSA
- Dec 11, 2023
- 2 min
Health Spending Account vs. Wellness Spending Account
In the realm of employee benefits, two terms that can cause confusion are "Health Spending Account" (HSA) and "Wellness Spending Account"...
myHSA
- Nov 28, 2023
- 2 min
The Benefits of Promptly Submitting Health Spending Account Claims
In the realm of employee benefits, Health Spending Accounts (HSAs) have become indispensable tools for fostering individual well-being....
myHSA
- Nov 21, 2023
- 2 min
Wellness Spending Accounts: Expectations vs Reality
In the realm of progressive employee benefits, Wellness Spending Accounts (WSAs) stand out as beacons of support for individual health...
myHSA
- Nov 15, 2023
- 2 min
The Ripple Effect: Why Health and Wellness in the Workplace Matters
In the fast-paced and competitive world of business, companies are increasingly recognizing the importance of fostering a healthy and...
myHSA
- Nov 7, 2023
- 2 min
How to Get Your Claims Reimbursed
Nothing is more annoying than jumping through hoops to get reimbursement after paying out-of-pocket for an expense. We at myHSA want our...
myHSA
- Oct 19, 2023
- 2 min
Positioning a myFlexplan: Empowering Employees with Choice
It’s not uncommon for advisors to tell me that the client “just wants an HSA for now, they don’t want to overcomplicate things for them...
myHSA
- Oct 19, 2023
- 2 min
The Misunderstood Gem: Wellness Spending Accounts
In the world of employee benefits, the term "Wellness Spending Aaccount" may seem straightforward. Many employers often view it as an...
myHSA
- Oct 11, 2023
- 2 min
Why are you asking for my Bank Info?
myHSA empowers users to claim their out-of-pocket health and wellness expenses and receive directly deposited reimbursement within just...
myHSA
- Sep 20, 2023
- 2 min
Coordinating Insurance with an HSA
Health coverage is like peanut butter. You want to make sure it’s spread out as much as possible, otherwise, you might just take a bite...
myHSA
- Aug 17, 2023
- 1 min
Why NOT to Run an HSA In-House
There are MANY reasons why the responsibility of running a Health Spending Account, Wellness Spending Account and/or Flexible Spending...
myHSA
- Aug 15, 2023
- 1 min
myFlexplan & Allocation
Get a quick overview on how allocation and the allocation window works for flexible spending accounts.
myHSA
- Jul 17, 2023
- 2 min
5 Ways a Wellness Spending Account 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...
myHSA
- Jul 17, 2023
- 2 min
The Advantages of myFlexplan
If our different plans were our kids, we would have a favorite: myFlexplan (don’t tell the others)! We love the predictable and steadfast...
Steve McEwan
- Jul 17, 2023
- 3 min
myASO and DEI Initiatives
We have a plan option that many advisors haven't even heard about and if they have, chances are they're not aware of all the innovative...
myHSA
- Jun 21, 2023
- 2 min
5 Reasons Why Your Business Should Offer a Wellness Spending Account
Top five reasons why your business should offer a Wellness Spending Account
myHSA
- Apr 18, 2023
- 2 min
Defining Dependents
Our live chat (yes, we have real myHSA employees answering every single live chat question!) team wanted to help clear up what the...
Steve McEwan
- Feb 13, 2023
- 3 min
Why does my small business need an Insurance Advisor?
You already run your own small business and can sometimes wear dozens of hats in a day, from HR, to customer support, to tech support,...
myHSA
- Feb 13, 2023
- 4 min
What is a Flexible Spending Account?
So, you have probably heard of a Health Spending Account (HSA), a non-taxable way to provide employee benefits to cover eligible medical...
myHSA
- Feb 9, 2023
- 1 min
What can you claim with a Health Spending Account?
What can you claim under a Health Spending Account? We get this question a lot! Luckily, the answer is pretty simple - eligible items are...
myHSA
- Feb 9, 2023
- 4 min
What is a Health Spending Account?
Health Spending Account (HSA), Wellness Spending Account (WSA – also known as a Lifestyle Spending Account in some circles), Flexible...
Steve McEwan
- Jan 17, 2023
- 3 min
Why we hate METC calculators for HSAs
Many times, we run into a scenario where a business owner is assessing whether to use an HSA or the Medical Expense Tax Credit (METC). If...
Steve McEwan
- Oct 17, 2022
- 4 min
myHSA opens up Dialogue for small groups
I am very excited about this new partnership that we’ve entered this month, and I wanted to share why we are so excited! First,...
Tim Kane
- Aug 17, 2022
- 3 min
HSA's for Sole Employees
We recently received the question "are PHSP's/HSA's suitable for a sole employee, who is also a shareholder?" An advisor sent us this...
Tim Kane
- Nov 18, 2021
- 3 min
The Shift in Benefits
A common question everyone wants the answer to, is how employee benefits have shifted over the pandemic with an increasingly remote...
Steve McEwan
- May 17, 2021
- 4 min
Wellness Programs Just Make Sense
Many people in the benefits world slough off wellness programs. Why do wellness plans offered alongside health insurance need to be...
Steve McEwan
- Nov 27, 2020
- 2 min
Why offer a WSA?
Why would an employer offer a WSA? Peering through their financial lens, many accountants (and some advisors) may scoff at the concept of...
myHSA
- Nov 12, 2020
- 1 min
METC vs. HSA
Should you claim your medical expense using the Medical Expense Tax Credit, or under your Health Spending Account? Let's crunch some...
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