Are you missing out on a powerful tax-saving tool?
When it comes to managing healthcare expenses, many Canadians overlook one of the most powerful tax-saving tools available: HSA.
Why millennials and Gen Z are using HSAs differently from boomers?
While boomers traditionally viewed HSAs as a supplementary retirement savings tool, millennials and Gen Z are using HSAs with a completely different mindset.
Doctor’s bills? Meet your new CFO: Smart health funding
Running a business means making smart financial moves every day. You optimize expenses, cut unnecessary costs, and invest wisely to grow your company. But when it comes to healthcare, are you still following the traditional (and expensive) route of insurance premiums, deductibles, and co-pays? If so, it’s time to rethink your approach and introduce your new financial superhero: The smart health fund.
Is Canada’s healthcare free? The truth about out-of-pocket costs
Many assume Canada’s healthcare is entirely free. However, out-of-pocket costs can add up. So, is Canada’s healthcare free? Not entirely.
HSA: The Best Weapon for Employee Retention & Eligible Expenses
Enter the HSA – a game-changer for employee retention. Understanding eligible expenses is key to its success.
Unlock well tech 2.0 with Wellbytes HSA – flexible, personalized, and tax-free
Well tech is redefining employee benefits, yet many businesses – big and small – still struggle to offer meaningful, cost-effective healthcare solutions.
Top 6 Benefits of Health Spending Accounts (HSA) | A Smarter Way to Manage Healthcare Costs
Health Spending Accounts (HSA) offer a flexible and tax-efficient way for businesses and employees to manage healthcare costs. Whether you’re an employer looking to provide better benefits or an employee seeking a smarter way to handle medical expenses, an HSA can be an excellent solution. Here are the top six benefits of Health Spending Accounts […]
Spending Accounts: A Flexible Benefits Solution for SMEs
In today’s competitive business landscape, Small and Medium Enterprises (SMEs) face numerous challenges in attracting and retaining top talent while managing costs effectively. As SMEs strive to differentiate themselves and create an attractive workplace environment, innovative employee benefits solutions become increasingly important. One such solution that has been gaining traction is spending accounts. Let’s explore how spending accounts can benefit SMEs and empower them to thrive in the modern business world.
Employee Class Categorization and Their Eligibility and Coverage
An employee class is a category of employees which is used to group employees based on job-related criteria, such as job titles or departments, pay scale, or branch in corporate hierarchy. When it comes to benefits, they may also be used to offer different coverage.
