The Smart Accountant

You align yourself with experts in their respective industries

You already know Health Spending Accounts can be a great tax-saving tool for your clients. Now you can feel comfortable that they will also get great customer service, so they can focus on running their business and not processing paperwork.

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Who Benefits?

It’s all about your client!

Health Spending Accounts (HSA) can make a lot of financial sense for your clients that operate incorporated businesses within Canada.

At a high-level, if your client is eligible to setup an HSA, they can write off 100% of their health and dental expenses. In addition, HSAs are one of the most flexible health insurance plans in Canada when it comes to what your client can claim.

What you need to know

Let's talk taxes

One of the best parts of an HSA is that they are 100% tax free and 100% tax deductible to your client’s business. Given the tax efficiency of HSAs, most accountants find that their clients are able to save themselves thousands of dollars every year.

We do the legwork

We do the administrative legwork to setup and maintain your client’s Health Spending Accounts (HSA). This allows your clients to use company dollars to reimburse themselves and their employees for eligible medical and dental expenses. We make this part easy through our online web application and mobile apps on the App Store and the Play Store.

Small, simple fee

To setup an HSA for your client, we charge a one-time setup fee of $295 to get their company started with BeneFitsMyWay. For every claim that we process, we charge a 10% admin fee. Unlike other HSA providers, we do not charge a yearly fee or ask your clients to pay a “systems fee” for each additional employee to be added to an account. We like to keep it simple.

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What's Included?

  • Prescription Drugs
  • Dental
  • Vision
  • Massage Therapy
  • Physiotherapy
  • Chiropractic
  • Naturopathic Visit
  • Diabetic Supplies
  • Fertility Treatments
  • Premium MRI's
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Making Claims. Easy as...

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Did you know...

With the BeneFitsMyWay Claims App you can submit the receipt in the time it takes you to walk to your car.

What Does It Cost?

At BeneFitsMyWay, we believe in transparency when it comes to the fees and costs associated with your plan.

There is a one-time set up fee of $295 plus tax per company. Because we are a pay per use plan, there are no monthly premiums for your Health Spending Account...you only pay a 10% admin fee and applicable taxes per claim. If you or your employees don't make claims, your company pays nothing.

 

Are You Ready to Start Saving?

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Here’s what our clients say about us.

What is the CRA’s position on Health Spending Accounts (HSA)?

A Health Spending Account (HSA) is also known as a Private Health Services Plan (PHSP). These plans were approved by CRA in 1988 as a way to allow businesses to provide tax free health and dental expenses for employees. All of the benefits we cover align with the list of eligible expenses from CRA. Not convinced? See for yourself. 

What other benefits can my client add-on to their plan?

  • Group Life & Disability Insurance

This helps your clients feel secure in knowing that in the event of an accident or death, financial support is available. The lump sum payout helps the family to cover funeral costs and any outstanding debts they may have.

  • Travel & Major Medical Insurance

Away or at at home, this plan gives you coverage from unexpected medical emergencies.

  • Guaranteed Critical Illness Coverage

This is for anyone who doesn’t want to cash in their retirement savings or sell their house in the event of a critical illness.

  • Diagnostic & Specialist Access Insurance

This can reduce your clients time waiting to see a specialist in Canada significantly and, by extension, reduce recovery time by as much as 75%