A Health Spending Account (HSA) is a tax-efficient and cost-effective way for employers and sole proprietors to offer health benefits to employees, their dependants and themselves. Wellbytes HSA is fully funded by the employer.

Health benefits offered through this plan are 100% deductible to employers and 100% tax-free to employees. There are no premiums, hidden fees, deductibles, copay, or complex policies.

Your employees will be able to claim a variety of health, dental, and vision expenses without breaking their bank or category specific limits.

HSA’s in Canada are regulated under the CRA Income Tax Act. More information can be found in the Income Tax Folio S2-F1-C1. All eligible expenses can be found at the CRA website.

All employees are eligible for HSA in Canada.

It is arranged and sponsored by the employer to reimburse health care and dental expenses. The employer deposits a predetermined amount in the health spending account and all employees can benefit from it.

We charge a flat $2 + 7% admin fee that is negotiable depending on employer size (amount of employees), on every transaction (reimbursement of claim to employee).

Other than that, Wellbytes has:
No annual fees.
No setup fees.
No enrolment fees.
No maintenance fees.

All eligible medical expenses are determined and governed by the Canada Revenue Agency (CRA).

To see an extensive categorized list of eligible expenses:

• Wellbytes Resources

To see an extensive list with detailed information of eligible expenses:

• CRA Website

To begin your registration with Wellbytes:

• Wellbytes Employer Onboard Webform
• Contact Sales