What is a Spending Account?

What is a Spending Account?

Have you heard any of the acronyms: HSA, PHSP, TSA, LSA, WSA, FSA (yikes)? Or the term "Health Spending Account"? In this article we'll explore what health related spending accounts are and the various types of spending accounts that exist. Employee spending accounts are becoming quite common as a means of supplementing existing employee benefits plans.…

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Eligible HSA Expenses List

Eligible HSA Expenses List

A Health Spending Account (HSA) is a group benefit that an employer can make available to its employees to cover eligible healthcare related expenses. Qualifying expenses are governed by the Canadian Income Tax Act. Need to know if an expense is covered? Checkout this handy table of eligible HSA expenses.…

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