With traditional health insurance coverage, employees must pay for deductibles, co pays and services not eligible under traditional employee benefit plans. Conversely, members covered under a HSA have access to a range of health care services, which standard insured health plans either exclude or limit.

Around 75 percent of Canadians have some sort of supplementary private health insurance, and a lot of them receive it through their employees. Whether it is a CRA health spending account, flexible health spending account or anything else pertaining to a benefit an employee may get from health insurance coverage, benefits exist for people who get certain health care plans.

Roughly 50 percent of Canadian businesses are concerned about the level of coverage for their employees. A Read More