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Health Benefit Plans for Small Businesses

Clothing Store Worker

As a small business owner, have you ever asked yourself:

“How do I attract quality people? How do I keep them?”

“How can I afford health plan renewal increases on my limited budget?”

“How can I offer my employees a benefits package without breaking the bank?”​

The solution? A Health Spending Account (HSA).

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Why employers love Health Spending Accounts:

  • Eligible expenses are tax-deductible

  • Total control over plan costs

  • Employee retention increases

  • Extensive list of eligible expenses

  • No paying for unused HSA dollars

  • Your firm pays nothing if there are no claims submitted by your employees

  • No monthly premiums

Business Owner | Greenfeld Financial Mgmt | Delta BC

Why employees love Health Spending Accounts:

  • Tax-free benefit

  • No Restrictions – 100% coverage

  • All staff, of all ages, regardless of health

  • Covers pre-existing conditions

  • Plans are customizable

  • No medical underwriting

  • 100% reimbursement of receipt

  • No monthly premiums


Check CRA for a full list of eligible expenses

Health Plans | Greenfeld Financial Mgmt. | Delta, BC

Sign up for a Health Spending Account or call our office at 604.940.8617.

Here are some more ways to compliment your HSA plan:

Group Life and Disability Insurance
Although we don’t like to think about it, accidents, illness, and deaths happen every day, paralyzing families with high medical and funeral costs. You can offer financial stability to your staff and their families by adding the optional Group Life and Disability* solution to your plan. Choose the solution that best suits your business needs.

Travel Insurance
-  Any time you or a family member suffer an unexpected medical emergency while travelling outside the province.
• $1 Million in Coverage per person per claim
• Unlimited trips per year, up to 60 days each
• Transportation home or to a different medical facility
• No deductible
• World Wide coverage as soon as you leave your province of residence


Major medical
- Catastrophic injury or sickness while in Canada
• $2,500 Deductible
• Up to $125,000 per year/person/incident of Major Medical coverage
    ➤ Hospital Charges
    ➤ Prescription Drugs
    ➤ Nursing Services
    ➤ Ambulance Services
    ➤ Qualifying Licensed Practitioners

Guaranteed Critical Illness
Critical illness insurance is designed to ease the financial pressures by paying a tax-free lump sum in the event you are diagnosed with a covered illness.


Diagnostic and Specialist Access Insurance (DSAI)
DSAI Insurance allows your employees guaranteed access to 10 of the most commonly referred medical specialists within 21 days of receiving a referral from your family doctor. If your specialist requires a MRI or CT scan to complete your diagnosis, one will be scheduled within 3 - 4 days at no cost to you. No more waiting up to 34 weeks for a specialist!


Taxable Wellness account

The Taxable Wellness account is an optional standalone plan that doesn’t require an HSA, but when paired with an HSA, can provide comprehensive Health and Wellness coverage. The plan allows employees to proactively manage their physical and mental health, as well as their financial well-being. Employees are reimbursed for certain wellness expenses up to a predetermined annual credit amount that is set by you, the employer. 

Call our office at 604.940.8617 to learn more or book an appointment with Jeff.

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