Health Spending Accounts in New Brunswick: Save on Out-of-Pocket Costs

Running an incorporated business in New Brunswick? A Health Spending Account (HSA) is a simple way to turn medical and dental expenses into tax-free benefits.

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Hiveworks ensures every claim is handled in line with CRA requirements while improving your tax efficiency.

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What is a Health Spending Account?

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With an HSA, you can have your corporation reimburse you for eligible health expenses.

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You pay upfront, send in your receipt, and once verified, the business pays you back.

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The payment is non-taxable to you and deductible to your company.

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There are no monthly premiums or rigid insurance coverage.

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HSAs are designed for freedom and savings.

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Need a full breakdown? Visit our What Is a Health Spending Account page.

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Why New Brunswick Business Owners Choose HSAs

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Public health care covers your baseline leaving you with the burden to pay for any above and beyond expenses.

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An HSA allows you to run those costs through your corporation, turning personal spending into tax-free benefits.

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Example:
Earning $110,000 with $6,000 in medical costs? You could save over $3,100 compared to paying personally.

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Use our HSA Savings Calculator to estimate your savings based on New Brunswick tax rates.

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What’s Covered Under an HSA?

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With a Health Spending Account in New Brunswick, services from many licensed health professionals can be reimbursed. If the practitioner is licensed in NB and the service qualifies under the CRA’s Medical Expense Tax Credit (METC), it’s covered.

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The full list of eligible practitioners in New Brunswick:

• Audiologist
• Chiropodist
• Chiropractor
• Counselling therapist
• Dental assistant
• Dental hygienist
• Dental technician or technologist
• Dentist
• Denturist, dental mechanic, denturologist
• Dietician
• Licensed or registered practical nurse
• Medical laboratory technologist
• Medical radiation technologist
• Midwife
• Occupational therapist
• Optician
• Optometrist
• Pharmacist
• Physician
• Physiotherapist or physical therapist
• Podiatrist
• Psychologist
• Registered massage therapist or massage therapist
• Registered nurse (including nurse practitioner)
• Registered nutritionist
• Respiratory therapist
• Social worker
• Speech language pathologist
• Surgeon

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With this coverage, your HSA in New Brunswick can stretch from routine dental visits to specialized therapy, giving you a clear way to save on personal health costs.

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In addition, over 100 medical expenses are also covered.

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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

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See the full list in our Eligible Expenses Guide.

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New Brunswick HSA Claim Example

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Let’s walk through a simple example:

• You pay $300 out of pocket for a session with a nutritionist
• Upload your receipt through the Hiveworks dashboard
• We review the claim for CRA eligibility
• Your corporation is invoiced $300
• You receive the full $300 back via direct deposit

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There are no provincial insurance taxes on HSA claims in New Brunswick.

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Built for New Brunswick's Incorporated Professionals

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Hiveworks supports professionals across New Brunswick, from Moncton to Saint John to Fredericton, with a smarter way to handle health expenses.

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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.

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Am I Eligible?

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Eligibility is straight-forward. Take a moment to review the eligibility details.

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Already Have Benefits? Your HSA Still Helps

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Many employer or spousal plans don’t cover 100% of your costs. An HSA helps with what’s left over.

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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)

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Learn more about Combining HSAs with Group Benefits or Spousal Plan Coordination.

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Flat Annual Fee. No Surprises.

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Hiveworks charges one simple fee: $279 per year.

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That includes:

• Up to $15,000 in claims
• Unlimited submissions
• Spouse and dependants expenses
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No monthly fees or hidden charges.

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Get Started Today

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Only expenses dated after your plan begins are eligible.

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Make every medical and dental bill work for you with Hiveworks.

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Open an HSA in Minutes or Contact Us if you have questions.