A Health Spending Account lets your business provide an allowance for eligible health, dental and vision expenses. Your business funds the benefits, and we administer claims and reimbursements under your plan. This gives you flexibility to design benefits around your team and budget. Tax treatment depends on meeting Private Health Services Plan requirements. You can explore HSA options for businesses with employees.

Your business can establish an HSA for eligible employees through a qualifying Private Health Services Plan. Eligibility depends on your business structure, employment relationships and plan design; incorporation or headcount alone does not settle every case. We can talk through an appropriate arrangement for your business, while your accountant assesses the tax implications.

Traditional group insurance provides coverage under an insurer’s policy in exchange for premiums. With a Wellbytes HSA, your business funds eligible reimbursements and administration fees under its accepted arrangement. Both have rules and limits. An HSA gives employees flexibility within their allowance, while insurance may protect against costs beyond that budget. Compare an HSA with insured benefits when reviewing your options.

Your plan can reimburse qualifying medical, dental and vision expenses, including eligible dental treatment, prescription drugs, prescription eyewear and services from authorized medical practitioners. Requirements vary by expense and jurisdiction; some items need a prescription or certification. Your plan’s eligibility rules, allowances and funding also apply. Our eligible-expense directory helps your team check expense-specific conditions.

Under Pay-As-You-Use, the administration fee is 10% of the eligible amount reimbursed, plus applicable taxes. There is no setup, enrollment, maintenance, recurring subscription or upfront administration fee, and no minimum commitment. Prepaid administration uses the accepted rate multiplied by your annual funding amount. You can compare pricing options for your team or start setting up your plan online.

You can start setting up your plan online or talk with our team about the right arrangement for your business. Setup is electronic, while timing depends on your selected arrangement and any outstanding information or funding requirements. Confirm account activation and coverage dates before employees incur expenses expecting reimbursement.