Health Spending Accounts
A tax-effective way to offer flexible employee benefits.
Health Spending accounts (HSAs) or
Private Health Services Plans (PHSPs) make it easy
for you to care for your employees, your family, and yourself.
Wellness Spending Accounts (WSAs) may also be incorporated when additional services are required, such as gym memberships and other perks that articulate your workplace culture.
Only Pay for What You Use
No annual fee
No set-up fee
10% administration fee on paid claims to a maximum of $250 per claim
Incorporated Companies, Self-employed Individuals, & Non-profit Organizations
Comprehensive, CRA-Approved Benefit Options
All claim reimbursements are 100% tax-free
Easy claim submission - online or via mobile app
Claims paid quickly via EFT
Flexibility to direct dollars to your choice of medical and dental expenses
Access to products and services that are typically costly such as orthodontics and glasses
Clearly-defined annual allowance
Ideal for Employees
Claims are 100% tax deductible
Owners may control which employees are on the plan and the plan limit
Simple, paperless enrolment process
Works for companies of any size, with employees of any age
Option to add on taxable wellness account or RRSP
No pre-funding required
Can be used as your primary benefit program or to top up existing benefits
Positions your company well for recruitment and retention
Easy-to-use administrator portal
Ideal for Business Owners
*Incorporated companies, self-employed and non-profit organizations of 1 or more tax-paying employees
Sign in online or use our myHSA app
1. Pay for medical, dental and vision expenses using your personal account or credit card
2. Take a picture of your receipt and enter a few details about your claim
3. Your claim is reimbursed via EFT in 1-3 business days
"What a great experience we've had with Vital Partners!
After two years with another brokerage and the wrong products, we now have exactly what we need thanks to working with people who listened.
The Vital Partners' myHSA system is so easy to use - the app lets us submit online and we receive our money within a few days!
Vital Partners is truly by your side!"
C. Chapman, Co-Owner
Combine Your HSA With Other Benefit Options
We understand that one size does not fit all so we make it possible for you to add on additional options
and create the 'ideal you’ plan.
Traditional Benefits Plan
Sometimes it’s just more practical to provide coverage for benefits through a Traditional Benefits plan. A one-size-fits-all solution can offer employees financial security and deliver budgeting assistance to business owners.
Wellness plans are taxable to employees, but they are a great tool to articulate your corporate culture, values, and commitment to your employees' overall wellbeing.