Health & Wellness Spending Accounts

We take a forward-looking approach to benefit plan design and claims funding. By using insurer-backed self-insurance, you can significantly reduce the cost of your plan. We also provide an optional HCSA (Health Care Spending Account)/WSA (Wellness Spending Account) that can be accessed with both a web-application and mobile phone applications (iOS and Android), and can be added to any plan, for a company of any size. We have over 70 years of combined industry experience, on both the insurer and broker sides of the industry.


We Provide Expertise, Recommendations, and Ongoing Service & Support
Health & Wellness Spending Accounts - Edmonton
780-705-7800
Employee Benefits Advisory
Edmonton Office
#200 - 6904 Roper Rd NW
Are we the best employee benefit consultants in Edmonton?
Our clients think so, and we hope you will too.
Please contact us to arrange a no-risk, no obligation employee benefit plan review.


We Negotiate for the Long-Term Success of Your Business

Often an inexperienced broker will get 'low-ball' rates for their client thinking they're saving their client money, but this is simply a tactic insurance companies use to initially get business, after which they get their money back through year-over-year rate increases; they offer low rates for the first year, then over the next renewals, they 'jack up' their prices to recover their losses. And, insurance companies will not quote your plan more than once ever 3-4 years. An experienced employee benefit broker understands this, and will negotiate good rates for you that will be generally reasonable year-over-year.

Experienced Employee Benefit Specialists

The employee benefits insurance industry has become very specialized over the years. Each insurance company has five or more benefit coverage categories and uses their own metrics to come up with their own cost structure. With changes in legislation, the introduction of new technology, the need for HR liability protection, and changes in taxation, it's easy to see how complex employee benefits can get. This is why it's important to have an employee benefit specialist on your side. Companies often come to us for a benefit plan review and it's very easy for us to tell if the broker who helped design their plan is a group benefit specialist. There are many generalist brokers who choose to make employee benefits a secondary offering, but the problem with that is employee benefits is the most complex type of insurance offering of the three: employee benefits, life insurance, and general insurance.

It's important to enlist an employee benefit specialist advisory to help you with your employee benefit plan. We often hear of companies who think they can simply call insurance companies and request a plan quotation, but the reality is, you will always be referred to either an internal direct representative (if you deal with Alberta Blue Cross directly) or a preferred employee benefit firm (if you call any other insurance company). And, unless the broker you're referred to has a solid fundamental understanding of employee benefits, and is not a generalist, they will not be able to provide you a quality rate comparison of many insurance companies and you will end up paying a lot more for you plan than you need to.

Why You Should Consider Health & Wellness Spending Accounts

As a responsible and forward thinking business, you're always looking for ways to help retain good employees and attract new ones; health and wellness spending accounts are a great tool to aid you in doing so. You may already have a Health care Spending Account (HCSA), also known as a Health Spending Accounts (HSA), they have been around for many years as an enhancement to a core benefit plan, but the more flexible Wellness Spending Account (WSA) is relatively new. the WSA came about as a result of an increased awareness of the importance of health, fitness and general well-being. More and more research is showing how important it is to take a holistic approach to health, but your HSA doesn't cover wellness related products like gym memberships, workout equipment, sports memberships, supplements, etc. Instead, these taxable products are covered by your WSA. With QubeFlex 2.0, our HSA and WSA application, your employees can choose where to allocate their credits (dollars), so they can use them towards a health and wellness products that work for them. QubeFlex 2.0 uses a very user friendly web and mobile application to make using your HSA and WSA simple and convenient.

How We Administer Health & Wellness Spending Accounts

With QubeFlex 2.0, employers simply determine the employee class structure they want to setup and how many credits (dollars) per class they want to allocate; for example, single employees (which could be employees who are not married nor have dependents) might get 300 credits (dollars), while family employees (employees who are married or have dependents) might get 500 credits (dollars). At the beginning of each plan year, using a simple and intuitive web or mobile application, employees decide where to allocate their credits (dollars). An employee's allocations cannot be changed within the plan year unless there is a ‘life changing status change’; this CRA guideline provides an element of insurance risk so claims can be treated preferentially from a tax perspective.

There is also a specific list of non-taxable HSA eligible claim categories on the CRA website

Why QubeFlex 2.0 with myHSA

Although Health and Wellness spending accounts are offered by most traditional group insurers, many have group size restrictions before they’ll allow them to be added to a traditional insured benefit plan, particularly the WSA component. Depending on the insurer, the restrictions can be as high as 25, 50, or even more required employees on the policy, and insurers tend not to be as flexible when it comes to HSA and WSA offerings, which is why we use QubeFlex 2.0 with myHSA as our primary Health and Wellness Spending Account option: QubeFlex 2.0 with myHSA can be added on to ANY benefit plan.


Frequently Asked Questions

Does a business need to have a traditional core insurance plan in place in order to set-up a Health & Wellness spending account?
For a traditional group insurer’s spending account, yes; for QubeFlex 2.0 with myHSA, NO.

Are all claims under a Health & Wellness tax deductible for the employer?
In general yes; however, wellness claims are a taxable benefit and must be declared that way on the respective employee’s annual T-4’s.


We Provide Expertise, Recommendations, and Ongoing Service & Support
Health & Wellness Spending Accounts - Edmonton
780-705-7800
Employee Benefits Advisory
Edmonton Office
#200 - 6904 Roper Rd NW
Are we the best employee benefit consultants in Edmonton?
Our clients think so, and we hope you will too.
Please contact us to arrange a no-risk, no obligation employee benefit plan review.