Are you looking to be tax-efficient with how you and your employees pay for healthcare expenses? A Health Spending Account creates an environment for companies to pay for healthcare expenses directly using pre-tax dollars. If you compare the difference between your company adding money to your T4 income in order to pay for healthcare expenses vs. your business being able to pay directly for them, the savings are significant.
| Why HSA? |
A Health Spending Account is a tax-efficient way to pay for health and dental expenses. It can fit into your existing insurance plan to pay for things not covered (or partially covered), or it can be a stand-alone solution by providing you (and your employees) a reimbursement plan for most health and dental expenses. Either way, the tax advantages of using a Health Spending Account are unparalleled and should be part of your health and dental budgeting strategy. Using Pre-Tax dollars to pay for Healthcare.
The Canadian Government considers Healthcare expenses to be Tax-free if managed within a Health Spending Account. Flexible Limits.
You decide if you want to extend different limits for different "categories" of employees. With the FBC Health Spending Account, you have control over how to manage the HSA limits offered to your employees. You are able to create different HSA limits for Single vs. Family and, Executive vs. Managers vs. Full time. Or you can give everyone the same amount… it's up to you!
Other Limit control options within the FBC Health Spending Account include: New-hire Waiting Period, New-hire pro-rating, Credit Carry Forward, and Expense Carry Forward. All these features work together to create an HSA plan that is right for you! We've Got You Covered.
FBC Health Spending Account offers a large range of allowable expenses.
Having an HSA doesn't mean much if you can't claim what you need. Your FBC HSA covers a wide range of expenses, and you can claim as much towards any expense you want (up to the yearly limit), including:
Click here to view / print a full listing of eligible expenses.  Using a Health Spending Account begins when your or your employee makes a purchase or has a partially paid expense by another insurance plan. National HealthClaim then coordinates the process from receipt of the employee's claim to funding the reimbursement (up to the appropriate limit). Once the claim has been processed, the company receives an invoice for the service as a business expense and the employee receives the reimbursement tax free.
Flexible Funding.
You decide how and when to pay for the plan.
With the FBC Health Spending Account, you have two funding options:
The choice is yours, and in either case, you will receive an email notification automatically when more funding is required. And at any time you can login to the secure FBC HSA website to see the current financial status of your plan.  Our online application allows you to control every part of your plan. Our admin console allows you to see exactly the status of your plan, and make any changes you need. Administer benefits, add or modify users, it's all available via our easy to use web interface.
 Self administering claims process makes it easy. Employees file claims online, directly and discretely, protecting your organization from privacy violations. Employees enjoy complete visibility into their healthcare spending budget, giving them the ultimate flexibility in deciding how to apply it.
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Health Spending Account |
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