Care Link Health Solutions for Small Business Owners
Care Link Health Solutions empowers small business owners with flexible, tax-efficient Health Spending Accounts. Maximize savings while offering employees customizable, 100% tax-free health benefits.
HSA for Small Business Owners: Qualifications
Incorporated Businesses
For incorporated businesses, all employees can participate in the plan. The administer works with our advisors to develop custom plans for each employee type and position if desired. Solo professional corporations are also eligible for HSAs! You just need to ensure that you are considered an employee of the corporation. This can be done if you receive part of your compensation as salary or if you receive a T4. The advisor will work with you to customize a plan that ensures CRA compliance
HSA for Small Business Owners: Coverage
HSA for Small Business Owners: Coverage
HSA offers a wide range of eligible medical expenses. Common ones include dental, vision, drugs, licensed practitioners and even existing health benefit insurance premiums. This means if an employee or spouse already has an existing group benefits plan, the employee can use the HSA to cover the premium.
Additionally, HSA can be used to top up existing plans. HSA can cover the individual portion of an existing traditional group benefits plan