Healthcare Spending Accounts

Healthcare Spending Accounts for
Businesses of 1 to 101 Employees

(You can still call us if you have a few more)

Healthcare Spending Accounts (HSA) are an increasingly popular alternative to conventional group health and dental plans. They are practical, affordable, flexible, and cost-effective ways to meet the changing needs of employers and the diverse needs of employees.

An HSA helps employers customize a flexible benefits plan for employees:

Employer Control As an employer, you have complete control over costs.

Groups within Your Group Like you, we see employees as individuals. You customize HSAs to match your compensation philosophy, improve employee retention, reward performance, and provide tax advantages to owners.

Employee Options You decide how many dollars your employees have to spend, while providing a world of choice in how to spend it. Let them decide how to use their own benefits and they’ll love you forever.

Combine with Core Plans Want to mix and match? You can have basic coverage for dental and extended healthcare, and add a Healthcare Spending Account for flexibility.

Ultimately, the Benefits Trust helps successful business owners build a better benefits plan than they can get anywhere else.

>> Complete the form to receive our free informative whitepaper entitled, “How to Choose the Right Amount for Your Healthcare Spending Account: Three Easy Steps”.

 


 
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Eligible Expenses Include:

  • Paramedical Practitioners: such as Physiotherapy & Massage Therapy.
  • Vision Care including Laser Eye Surgery, Contact Lenses, Glasses & Examinations.
  • Medical Facilities including Convalescent Homes & Substance Abuse Facilities.
  • Medical Devices such as Orthotics, Hearing Aids & CPAP machines.
  • Nursing Care to help you recuperate in the comfort of your own home.
  • Expenses Related to Disabilities including special programs tuition, tutoring and home or vehicle modifications.
  • Dental Services Orthodontic & Major Services including Dental Implants.
  • Out of Country Expenses for non-emergency expenses while travelling.
  • Prescription Drugs excluding only over-the-counter medication.
  • PHSP Premiums including any employee-paid premiums for health care or dental care benefits.
  • Private Hospital Room
 

Our Administration Fee is All Inclusive

  • Claims submission by mobile claims app, online claims portal, email, fax, and mail.
  • Daily claims adjudication and payment.Claims will be processed within 1-3 business days, 99% of claims are processed in-house within 24 hours.
  • Claims payments by direct deposit or cheque.
  • Employee and administrator inquiries handled by our client service specialists through telephone, fax and email interaction.A member of the Benefits Trust client service team will answer your call, you will not have to navigate a system to find a human being to speak with.
  • Maintenance of accurate employee benefit records, including Life Insurance beneficiaries.
  • Monthly billing statements (by division and by department as required), identifying benefits costs for each employee in each division.
  • Account changes and billing adjustments carried out by The Benefits Trust.
  • Formal benefits plan documentation to satisfy all legislative requirements concerning private health services plans prepared by The Benefits Trust contract specialists.
  • Complete Administration Manual which clearly outlines procedures and provides forms for notification of employee status changes.
  • Online administration for enrollments, changes, and terminations.
  • Monthly financial status reporting, including the current month, year to date, and prior year to date for on-going monitoring and trend analysis.
  • Employee information meetings at implementation, and regularly as needed.
  • Employee communication materials such as benefits brochures and booklets, announcement memos.
  • Wallet certificate cards provide each member with their contract number and individual certificate number, coordinated with electronic dental.
  • Facilitating insurance claims with the various carriers.