Health Spending Accounts in Yukon: Simple Coverage That Works

Incorporated business owners in Yukon can use a Health Spending Account (HSA) to cover eligible medical and dental bills through their corporation.

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Hiveworks simplifies the process and ensures every step aligns with CRA standards.

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What is a Health Spending Account?

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With an HSA, your corporation reimburses you personally for eligible health expenses.

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You pay for your health or dental expenses as you normally would, submit the receipt to us, and once approved, your business reimburses you.

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The result is a tax-free benefit and a corporate deduction.

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No monthly fees or limited coverage.

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An HSA is built for flexibility and control.

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

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Why Yukon Business Owners Choose HSAs

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Even with public health coverage, gaps remain for services such as dental, vision, or mental health.

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Paying with after-tax dollars adds up quickly, but an HSA lets your company cover the costs instead.

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Example:
Earning $115,000 with $5,000 in medical costs? You could save over $2,600 compared to paying personally.

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

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What’s Covered Under an HSA?

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HSAs in Yukon cover a wide set of professionals when licensed locally and compliant with CRA’s METC rules.

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The full list of eligible practitioners in Yukon:

• Chiropractor
• Dental hygienist
• Dental therapist
• Dentist
• Denturist, dental mechanic, denturologist
• Licensed or registered practical nurse
• Midwife
• Optometrist
• Pharmacist
• Physician
• Physiotherapist or physical therapist
• Psychologist
• Registered doctoral psychologist
• Registered nurse (including nurse practitioner)
• Registered psychiatric nurse
• Registered psychologist
• Surgeon

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From routine care to advanced psychological and medical services, your HSA in Yukon ensures licensed providers are covered when you need them.

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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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Yukon HSA Claim Example

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Let’s walk through a simple example:

• You pay $400 out of pocket for dental work
• Upload your receipt through your Hiveworks dashboard
• We review the claim for CRA eligibility
• Your corporation is invoiced $400
• You receive the full $400 back via direct deposit

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There are no provincial insurance taxes on HSA claims in Yukon.

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Built for Yukon's Incorporated Professionals

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Hiveworks supports professionals across Yukon, from Whitehorse to Dawson City to Watson Lake, 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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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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Am I Eligible?

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

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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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With Hiveworks, routine health and dental expenses no longer need to be a personal burden.

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