Health Spending Accounts

Flexible Employee Health Benefits for Canadian Businesses

Modern pay-as-you-go Health Spending Accounts with low fees.

Set up an HSA
  • Extended Health Plan
  • Tax-efficient
  • CRA-compliant plan design
  • Setup in minutes
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A Better Way to Do Benefits

Tired of the insurance hassle? There's a better way.

The Problem

Traditional health insurance plans can be expensive and complex. Pay fixed monthly premiums whether employees use their benefits or not. Employees may still face deductibles, co-pays, and coverage restrictions.

The Solution

Health Spending Accounts (HSAs) are simple, flexible, and affordable. Allocate annual health allowances to employees and only pay when eligible claims are submitted. Employees choose how to spend their allowance on 100+ eligible health expenses.

Trusted by 250+ Canadian businesses

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Coastal HSA Services Inc.
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Health Spending Accounts,Employee Health Benefits,Canadian Businesses,Flexible Health Plans,Tax-Efficient Benefits
Michael Da S.
19:10 21 May 26
Coastal HSA has been an excellent partner in managing our employee group benefits program. They are highly responsive with claims processing and handle the administrative paperwork and regulatory requirements seamlessly for us as the employer. I would not hesitate to recommend them to any organization looking to provide a strong employee benefits program for their team.
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What is a Health Spending Account?

A Health Spending Account (HSA) is a CRA-recognized employee benefit that allows businesses to reimburse employees tax-free for eligible medical, dental, vision, and other health expenses.

 

Instead of paying fixed monthly insurance premiums, businesses sets an annual health spending allowance for each employee.

 

Employees pay for eligible health expenses, submit their receipts, and are reimbursed for the full cost of eligible expenses, up to their available HSA balance. These reimbursements are tax-free. The business can then deduct both the reimbursements and HSA administration fees as tax-deductible business expenses.

 

Unlike traditional insurance benefits, you only pay when employees submit eligible claims. There are no fixed monthly premiums or unused benefits.

HSA Structure

Trusted HSA experts

Why Businesses Choose Coastal HSA for Health Benefits

Extensive coverage

Give employees the flexibility to use their health benefits on the care they need most. No wasted coverage or unnecessary restrictions.

Value for your health budget

No upfront funding required. Only pay for eligible claims as they’re submitted. With a tax-efficient structure and low fees, more of your budget goes toward employee health.

Quick reimbursements

Employees can submit claims in under a minute and receive reimbursements within 2–5 business days. No complex processes or unnecessary delays.
Our Commitment

Your admin fee.
Locked in.

7% on every claim. Guaranteed for 7 years. No rate increases. No renewal negotiations. No hidden fees.

Your price is locked in. You're not. Cancel anytime with 30 days' notice.

  • Rate locked 7% on claims, guaranteed for 7 years.
  • No surprises Your rate stays the same year after year.
  • Pay-as-you-go Pay only when claims are made.
  • Cancel with ease No long-term contracts or cancellation penalties.

Compare health plans

Total admin fee per claim

HSA Health Wallet
7%
Other HSAs
up to 15%
Insurance
up to 25%
Flexible comprehensive coverage
Pay-as-you-go
100% coverage with no copays or deductibles
Automated pre-authorized debit funding
No extra fees for adding additional employees

How to Setup Your HSA

Set up your HSA in minutes and start offering flexible benefits today.

Set up an HSA

01

Create an Account

Use your work email to create a Plan Admin account and begin setting up your HSA plan.

02

Build The Plan

Add employees to your organization and allocate an annual health credit to each employee.

03

Activate the Plan

Complete a Pre-Authorized Debit (PAD) agreement and pay a $50 one-time setup fee to fund your health plan.

04

Employee Login

A welcome email is sent to employees with a link to access their HSA and start using it.