A Better Way to Cover Health Expenses
A Health Spending Account (HSA) is a flexible benefit plan your business can use to reimburse health and dental expenses for yourself and your employees, up to a pre-set annual limit.
When structured correctly, an HSA qualifies as a Private Health Services Plan (PHSP) under CRA guidelines. That means reimbursements are tax-free for your team and fully deductible to the business.
Whether you’re offering benefits for the first time, adding to an existing group plan, or looking for a more predictable setup, Hiveworks makes it simple - from setup and compliance to fast digital reimbursements.
Simple.
Flexible.
Predicatable.
Designed Around You
Fits the way you work - today and as you grow
Business with Employees
Set annual limits by employee class, reimburse only for eligible expenses, and keep everything digital, compliant, and predictable.
Owners also turn out-of-pocket health costs into fully deductible business expenses, saving thousands a year.
Incorporated Individual
Give yourself the same tax-efficient coverage larger companies enjoy.
Your business reimburses you for eligible personal and family medical expenses, making them tax-free to you and fully deductible to the business.
Simple, compliant, and designed for independent owners who want to stop paying out of pocket.
How it Works
A simple, fully digital experience
1. Pay for Health Expenses
Continue to pay out-of-pocket for health expenses like you normally would.
2. Submit a
Claim
Upload your receipt and submit your claim in minutes via our secure web app.
3. Business Funds
the Claim
Once approved, Hiveworks invoices the business for the total claim amount. No pre-funding required.
4. Reimbursement Issued
Reimbursements are issued via direct deposit after payment, with all claim and payment records available digitally.
Eligibility
Only expenses incurred after your plan’s start date can be reimbursed so don't delay
Business with Employees
Multiple employees who are not related to you
Incorporated in Canada (excluding QC)
Have one or more arm’s-length employee
Employees must receive T4 income
Set annual HSA limits by employee class
Need to discuss with your accountant? Share this guide with them.
Incorporated Individual
No employees except your spouse or dependants
Incorporated in Canada (excluding QC)
Pay yourself a T4 salary
No arm's length employees
Need to discuss with your accountant? Share this guide with them.
Our Commitment to You
Modern benefits with clarity and control
Flat-Fee Pricing
No Pre-Funding Required
Claims are funded only after approval. Keep cash flow where it belongs - in the business until it’s needed.
Digital First
Every step happens online, from setup to claims to reimbursements. Fast, transparent, and paper-free.
FAQs
More Questions? See our FAQ section or Contact Us.
Is a Health Spending Account CRA compliant?
Yes. A Health Spending Account (HSA) qualifies as a Private Health Services Plan (PHSP) when set up correctly. Your business acts as the plan sponsor and reimburses employees for eligible medical expenses. As long as the plan follows CRA PHSP criteria and only reimburses eligible costs, reimbursements are tax free and fully deductible to the business.
Is there a per-claim administration fee?
No. Hiveworks only charges a flat annual fee with no percentages or per-claim administration charges.
Are spouses and dependants covered under the employee’s plan?
Yes. Each employee’s plan can include a spouse and eligible dependants. Their expenses count toward the employee’s annual limit.
Are braces and orthodontics covered?
Yes. Orthodontic treatment is eligible when performed by a licensed practitioner for medical reasons.
Can I claim expenses from before the plan start date?
No. Your Hiveworks HSA only covers expenses incurred on or after your plan's effective date, which is the day you sign up. Anything dated before that isn’t eligible for reimbursement under CRA guidelines.
If you had HSA coverage with another provider and are switching to Hiveworks, contact us. We’ll help ensure there’s no gap in your coverage.
Get Started Now
Your business can start saving on health expenses today
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