If you’re an incorporated business owner or independent professional in Alberta, a Health Spending Account (HSA) offers a smarter way to handle personal medical costs through your corporation.
Hiveworks makes the process seamless and fully compliant with CRA rules.
What is an HSA?
An HSA allows your corporation to reimburse you for eligible medical expenses without triggering a taxable benefit.
You pay out-of-pocket, submit your claim, and your business covers the cost.
It’s tax-free to you, and fully deductible to the company.
There’s no need for traditional insurance premiums or complex group plans.
HSAs are simple, effective, and designed for flexibility.
Want the full overview? Visit our Health Spending Account page.
Why HSAs Make Sense for Alberta Corporations
Using personal after-tax income to pay for medical, dental, vision, and more adds up quickly.
With an HSA, you shift those costs to your corporation, reducing your taxable income and increasing your after-tax savings.
Example:
If you earn $120,000 and spend $6,000 annually on eligible medical expenses, you could save over $3,000 by using an HSA instead of paying personally.
Use our Savings Calculator to see how much your Alberta-based business could save.
What’s Covered Under an HSA?
Your Health Spending Account in Alberta can be used with a wide range of licensed health professionals. As long as the service is performed by a licensed practitioner in Alberta and meets CRA’s Medical Expense Tax Credit (METC) criteria, it qualifies.
The full list of eligible practitioners in Alberta:
- Acupuncturist
- Audiologist
- Chiropractor
- Combined laboratory and x-ray technologist
- Dental assistant
- Dental hygienist
- Dental technician or technologist
- Dentist
- Denturist, dental mechanic, denturologist
- Dietician
- Emergency medical technician
- Hearing aid practitioner
- Licensed or registered practical nurse
- Medical laboratory technologist
- Medical radiation technologist
- Midwife
- Naturopath
- Occupational therapist
- Optician
- Optometrist
- Pharmacist
- Physician
- Physiotherapist or physical therapist
- Podiatrist
- Psychologist
- Registered nurse (including nurse practitioner)
- Registered nutritionist
- Registered psychiatric nurse
- Respiratory therapist
- Social worker
- Speech-language pathologist
- Surgeon
This list reflects the current practitioners recognized in Alberta for HSA claims.
Over 100 health-related expenses are also covered.
Some examples include:
- Braces / Invisalign
- Prescription eyewear and laser eye surgery
- Prescription medications
- Orthotics and orthopedic shoes
- Group benefits premiums
See the full list in our Eligible Expenses Guide.
Designed for Alberta Professionals
Hiveworks is built specifically for Canadian businesses. In Alberta, that means we work with consultants, contractors, medical clinics, engineers, and small business owners of all kinds.
With Hiveworks, you can:
- Set your annual claim limit (up to $15,000)
- Add your spouse and dependants with no extra fee
- Submit multiple claims anytime
- Track all claims and receipts digitally
- Download reports at tax time
It’s fast, simple, and designed for businesses like yours. No paperwork. No per-claim admin charges. Just one low annual fee.
Am I Eligible?
Eligibility is straightforward. Take a moment to review the eligibility details.
Already Have Benefits? Your HSA Still Fills the Gaps
If you or your spouse already have partial coverage through a group plan, an HSA can pick up the rest. That includes anything the plan excludes or caps.
You can claim:
- Medical or Dental expenses not fully covered
- Vision care over the plan’s annual max
- Services like braces, acupuncture, or orthotics not included in your benefits
Check out our articles on Combining HSAs with Group Benefits or Spousal Plan Coordination for more.
Flat Annual Fee. No Surprises.
Hiveworks charges one simple flat annual fee.
That includes:
- Up to $15,000 in claims
- Unlimited submissions
- Spouse and dependants expenses
No monthly fees or hidden charges.
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