Taxable Benefits & Features
Care Link Health Solutions provides a tax deductible, cost controllable, and digitally accessible health spending account for all BC small business.
Health Spending Account Benefits
Tax Deductible
Benefit costs are 100% deductible, with tax-free reimbursements for employees. Employers will be provided receipts for each claim filed
Cost Controllable
Each employee class gets a spending account with an annual limit set by the plan administrator. No more cost uncertainty!
Digitally Accessible
Submit claims via out secure platform. Just complete our claim form and attach a copy of the receipt
Fully Customizable
The system supports class-specific limits, benefit carryovers with a grace period, flexible funding, and annual plan adjustments.
Case Study: Solo incorporated professional
Paul is an incorporated professional who pays himself a salary of $100 000 per year. His marginal tax rate is 31%.
His child needs braces and new glasses totaling $5500
Without an HSA: for Paul to have the $5500, the company has to pay him $7971 with $2471 going to taxes
With an HSA: The company pays the $5500 (for the claim) + $440 (8% administration fee) + $22 (GST on the fee) = $5962
Without an HSA $7971
With an HSA $5962
Company saves $2009
