What is a Health Spending Account?

A health spending account (HSA) is a 100% tax deductible deposit account. In the same way you use an R.R.S.P. account to save money specifically for retirement, a HSA is used for healthcare purposes.

The money you put into your health spending account can be used . . .

• For the reimbursement of expenses for any uninsured medical service or product provided or prescribed by a medical practitioner who is licensed in their jurisdiction.
  
  
• To pay co-insurance amounts of a traditional employee benefit plan.
  
  
• To pay premiums for personal family health plans.
  
  
• You can use a HSA or claim a Medical Tax Credit (MTC) on your tax return. The HSA puts more money in your pocket! Compare your savings by clicking here.

Some of the products and services considered to be eligible expenses with an HSA include:

Preventative Care	Dental & Vision	Special Care Treatments
Audiologists Services Naturopath Services Chiropodist Services Chiropractic Services Occupational Therapist Services Pharmacist Consultation & Services Physicians & Surgeons Dieticians* Physiotherapist Services Medical Radiation Treatments Psychologist Services Medical Laboratory Services MRI Services Respiratory Therapists Massage Therapists (RMT)	Cosmetic Dentistry & Whitening Dental Hygienist Services Dental Surgeons Services Dental Technologist Services Denturist Services Orthodontic Services Contact Lenses Laser Eye Surgery Optician Services Optometrist Services Prescription Glasses Prescription Sunglasses	Anti-Aging Treatments* Assistive Devices* Cosmetic Surgery Diabetic Pumps Elderly Patient & Dependent Care Fertility Drugs & Treatment Services Hair Replacement Surgery* Hair Removal Treatments* Overseas Specialty Medical Services Nursing Services Speech-Language Pathologists Spinal Decompression Therapy Tuition & Services for Special Needs Children Vitamins & Supplements*

* Prescribed, Dispensed, and/or Supervised by a Registered Medical Practitioner

Note: An expanded list is available by specific request.

For information on how YOU can save with a Health Spending Account, click here to get started.

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