Health Spending Accounts


Are you a business owner paying for your health and dental expenses out-of-pocket? There is a better way.


Health Spending Accounts make health and dental expenses tax-free to you, your family and your employees and tax-deductible to your business.


Health Spending Accounts

Health Spending Accounts, commonly referred to as health care spending accounts, HSA or a private health services plan (PHSP), are an increasingly popular alternative to conventional group health and dental plans.


They are a practical and flexible means of providing business owners and employees with meaningful, tax-effective health and dental benefits with predictable annual costs. Hub Financial's FlexSave™ health spending account is a Health and Welfare Trust. FlexSave™ works very differently than traditional group or individual health and dental insurance programs in that there are no insurance premium payments required following a one time set-up fee of $250.


Health and dental claims are subject to a 10% administration fee, plus applicable taxes. A company enters into a contract with HUB Financial Inc. for the indemnification of an employee’s health/dental benefits, whereby the company agrees to provide funding for these expense amounts and the applicable fees and taxes up to a limit the company sets in advance. The total amount paid by the company is 100% tax-deductible to the business and the employee receives a tax free benefit.


Complete the Contact Form to request additional information.


For more information read the CBC Business news article - HSAs: The best health plans you've never heard of 


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