If you run an incorporated business in BC, a Health Spending Account (HSA) gives you a smarter way to cover personal medical expenses using corporate funds.
Hiveworks makes it easy to stay fully aligned with CRA rules while maximizing your tax efficiency.
What is a Health Spending Account?
A Health Spending Account lets your corporation pay for your eligible medical costs without triggering taxable income.
You pay first, submit your receipt, and once approved, your business reimburses you.
The result? It’s tax-free for you and fully deductible for your company.
There’s no need for monthly premiums or restrictive group insurance. HSAs offer flexibility, simplicity, and control.
Need a full breakdown? Visit our Health Spending Account page.
Why BC Business Owners Choose HSAs
Even in a province with strong public health care, out-of-pocket expenses like dental, vision, mental health, or therapy add up quickly, especially when you’re paying with after-tax income.
An HSA lets you move those expenses into your corporation, keeping more of what you earn.
Example:
Earning $125,000 with $6,000 in medical costs? You could save over $3,400 compared to paying personally.
Use our HSA Savings Calculator to estimate your savings based on BC income levels.
What’s Covered Under an HSA?
With a Health Spending Account in British Columbia, you can claim expenses from a wide range of licensed practitioners. The service must appear on the CRA’s Medical Expense Tax Credit (METC) authorized practitioners list.
The full list of eligible practitioners in BC:
- Acupuncturist
- Audiologist
- Chiropractor
- Dental hygienist
- Dental technician or technologist
- Dentist
- Denturist, dental mechanic, denturologist
- Dietician
- Emergency medical technician
- Hearing aid practitioner
- Licensed or registered practical nurse
- Midwife
- Naturopath
- Occupational therapist
- Optician
- Optometrist
- Pharmacist
- Physician
- Physiotherapist or physical therapist
- Podiatrist
- Psychological associate
- Psychologist
- Registered massage therapist or massage therapist
- Registered nurse (including nurse practitioner)
- Registered psychiatric nurse
- Social worker
- Speech language pathologist
- Surgeon
- Traditional Chinese medicine practitioner
From everyday dental visits to specialized therapies, your HSA in British Columbia ensures a broad range of licensed professionals are covered, making your health spending more efficient.
Over 100 medical related expenses are also covered.
Examples of eligible medical expenses include:
- Braces and Invisalign
- Eye care (exams, prescription glasses, contact lenses, laser eye surgery)
- Prescription medications
- Orthotics and orthopedic footwear
- Group benefit premiums not reimbursed elsewhere
See the full list in our Eligible Expenses Guide.
Built for BC’s Incorporated Professionals
Hiveworks can easily support incorporated businesses across British Columbia, from Vancouver to Kelowna to Victoria.
Our platform helps you:
- Set your annual reimbursement cap (up to $15,000)
- Add your spouse and dependants at no extra cost
- Submit multiple claims anytime
- Track reimbursements online
- Access clean reports at tax time
No paperwork. No claim-by-claim admin fees. Just one flat rate.
Am I Eligible?
Eligibility is straightforward. Take a moment to review the eligibility details.
Already Have Benefits? Your HSA Still Helps
Many employer or spousal plans don’t cover 100% of your costs. An HSA helps with what’s left over.
You can claim:
- The uncovered portion of medical or dental expenses
- Vision costs beyond your plan’s annual max
- Services excluded by your plan (e.g. orthodontics, acupuncture, or LASIK)
Learn more about Combining HSAs with Group Benefits or Spousal Plan Coordination.
Flat Annual Fee. No Surprises.
With Hiveworks, you pay one simple annual fee, with no per-claim admin charges.
That includes:
- Up to $15,000 in claims
- Unlimited submissions
- Spouse and dependants expenses
No monthly fees or hidden charges.
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