Health Spending Accounts in BC: Reimburse Yourself, Tax-Free
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 What Is a 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 $145,000 with $6,000 in medical costs? You could save over $3,800 compared to paying personally.
Use our HSA Savings Calculator to estimate your savings based on BC income levels.
What’s Covered Under an HSA?
HSAs through Hiveworks cover over 100 medical expenses and services, as long as they meet CRA’s Medical Expense Tax Credit (METC) requirements and are performed by a qualified practitioner.
Eligible licensed health practitioners in BC include:
- Dentists
- Optometrists
- Chiropractors
- Registered massage therapists
- Psychologists
- Physicians
- Naturopathic doctors
- Dietitians
If the practitioner is licensed in British Columbia and they're on CRA’s eligibility list, it qualifies.
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.
BC HSA Claim Example
Let’s walk through a simple example:
- You pay $300 out of pocket for a chiropractic session
- Upload your receipt through your Hiveworks dashboard
- We review the claim for CRA eligibility
- Your corporation is invoiced $300
- You receive the full $300 back via direct deposit
There are no provincial insurance taxes on HSA claims in British Columbia.
Built for BC’s Incorporated Professionals
Hiveworks can easily support incorporated individuals 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.
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.
Hiveworks charges one simple fee: $249 per year.
That includes:
- Up to $15,000 in claims
- Unlimited submissions
- Spouse and dependants included
- No monthly fees or hidden charges
See our HSA Pricing for full plan details.
Get Started Today
You can only claim expenses incurred after your plan start date so open your HSA today!
Join the growing number of business owners using Hiveworks to manage personal health expenses the smart way.
Open an HSA in Minutes or Contact Us if you have questions.
You can also explore our FAQs or learn Why Hiveworks is different.
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