If you operate an incorporated business in Saskatchewan, a Health Spending Account (HSA) gives you a more efficient way to handle personal health and dental costs.
Your corporation reimburses you for eligible expenses, keeping the benefit tax-free on your end and fully deductible for the business.
Hiveworks makes it simple to stay compliant with CRA rules while maximizing your savings.
What is a Health Spending Account?
With a Health Spending Account, your corporation reimburses you for eligible medical expenses.
You pay upfront, submit the receipt, and once it’s approved, your business reimburses you.
That means tax-free benefits for you and a deductible expense for your company.
There are no monthly premiums or restrictive insurance plans.
An HSA gives you flexibility, clarity, and control.
Need a full breakdown? Visit our Health Spending Account page.
Why Saskatchewan Business Owners Choose HSAs
Public health care covers a lot, but it doesn’t take care of everything.
Dental visits, new glasses, counselling sessions, and other treatments often come straight out of your own pocket.
When those costs run through an HSA, your corporation reimburses you, turning after-tax spending into a tax-free benefit and a business deduction.
Example:
Earning $120,000 with $5,000 in medical costs? You could save over $2,800 compared to paying personally.
Use our HSA Savings Calculator to estimate your savings based on Saskatchewan tax rates.
What’s Covered Under an HSA?
In Saskatchewan, a Health Spending Account gives you flexibility to claim services 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 Saskatchewan:
- Audiologist
- Chiropractor
- Dental assistant
- Dental hygienist
- Dental technician or technologist
- Dental therapist
- Dentist
- Denturist, dental mechanic, denturologist
- Dietician
- Emergency medical technician
- 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 psychiatric nurse
- Respiratory therapist
- Social worker
- Speech-language pathologist
- Surgeon
With this broad list, your HSA in Saskatchewan can be applied to everything from routine dental and vision care to specialized therapies and medical services.
In addition, over 100 medical 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 Saskatchewan's Incorporated Professionals
Hiveworks supports businesses across Saskatchewan, from Saskatoon to Regina to Prince Albert, with a smarter way to handle health expenses.
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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