A Health Care Spending Account (HCSA) reduces the cost of medical expenses at your personal top marginal tax rate, compared to limited Personal Medical Tax Credit. The tax savings can be significant!

An HCSA is a health benefits bank account, with a pre-determined amount of funds decided by you, to be used for any type of eligible medical expense. Canada Revenue Agency’s list of medical expenses determines what is eligible, not an insurance company. If it can be claimed as a Personal Medical Tax Credit, it’s eligible to be reimbursed under the HCSA.

Customary expenses such as dental and vision, which are bound to occur, drive up the cost to insure them. High claims = high cost. Unexpected events with high costs are best insured under a Catastrophic Medical Insurance Policy. Our Catastrophic Medical Insurance Policy provides real risk protection at a fraction of the cost of a traditional health and dental insurance plan. Low claims = low cost.