Health Spending Accounts

The Canada Revenue Agency has approved a plan that makes health and dental expenses deductible as a company expense instead of a personal one.  It can be used to supplement existing insurance plans or as a stand-alone benefit.  The maximum amount of coverage available is determined by the employer.

Medical expenses that would qualify under a Health Spending Account include:

• Health & Dental insurance premiums/deductibles
• Prescription drugs (including smoking cessation / lifestyle, etc)
• Dental procedures (regular exams, dentures, implants/surgery, orthodontics)
• Vision (exams, glasses, contact lenses, laser surgery)
• Paramedical procedures (Chiropractor, Message Therapist, Naturopath, etc)

Return to Employee Benefits.