The Efficient Way to Pay for Healthcare
Why pay premiums for coverage you don't use?
100% Tax-Free
Paying for health and dental out-of-pocket? Your corporation can reimburse you for eligible expenses completely tax-free.
$0 Monthly Premiums
Stop paying for coverage you don't use. Only fund claims after they have occurred and are approved. No use-it-or-lose-it.
Covers Your Whole Family
Protect your entire household. One flat annual fee covers you, your spouse, and all dependants for every eligible expense.
No Category Limits
Spend your funds how you want. Use 100% of your limit on Laser Eye Surgery or Orthodontics if you need to. No $500 caps for vision or dental.
Premium Coverage Without the Premium
A Health Spending Account covers 50+ practitioner types and 100+ expense types.
Dental & Orthodontics
From routine cleanings and fillings to big-ticket items like braces and crowns. No "dental only" caps.
Vision
Everything you need to see clearly: eye exams, prescription glasses, contact lenses, and even laser eye surgery.
Therapy & Specialists
Includes massage therapy, chiropractic, physiotherapy, psychology/counselling and more.
Prescription Drugs
Comprehensive coverage for prescribed medications, including insulin, fertility treatments, and vaccines.
Here's Your Savings
See how much you can save with a Health Spending Account.
Save $$$ with a Hiveworks HSA
$1,838 goes to taxes due to a 31.48% marginal tax rate before you even pay for your health care.
Your company pays $4,659 as a business expense, reducing taxable income.
This includes your $4,000 in health spending, the HSA fee, and required taxes.
You save $1,179 by eliminating the need to withdraw taxable salary for medical costs.
Step 1: Calculate pre-tax salary needed: $5,838 = $4,000 ÷ (1 - 31.48%)
Step 2: Determine tax amount: $1,838 = $5,838 - $4,000
Step 4: Your savings: $1,179 = $5,838 - $4,659
For accurate tax information, please consult with a qualified tax professional.
From Receipt to Reimbursement
An entirely digital process.
1. Pay for Health Expenses
Continue to pay out-of-pocket for health expenses like you normally would.
2. Submit a
Claim
Upload your receipt and submit your claim in 60 seconds via our secure web app.
3. Business Funds
the Claim
Once approved, Hiveworks invoices your business for the total claim amount. No pre-funding required.
4. Reimbursement Issued
Reimbursements are issued via direct deposit after payment, with all claim and payment records available digitally.
Experience a modern, intuitive platform built for business owners.
Submit Claims in 60 Seconds: Submit individual or multiple claims at once. Get reimbursed within 5 business days.
Manage Coverage: Add or remove a spouse and dependants anytime.
Real-Time Claim Tracking: See each claim’s progress from submission to reimbursement. Get real-time updates in your dashboard and by email.
Reporting & Records: Access total spend, download year-end summaries, and export clean records for your accountant.
Trusted by Incorporated Owners
Join the growing number of individuals choosing Hiveworks
The Hiveworks platform is so simple to use. Very user friendly. We received our refund very quickly with no hassles. We would strongly recommend them.
- Robyn Yack
Application and submission of claim is user friendly. Got my reimbursement quickly and without hassle. The process was smooth, and support was responsive.
- Raag RK
Hiveworks is great for self employed Contractors... very easy to use... Great support available when you need help.
- Lou Gatto
Get Started in Minutes
Open your HSA in 3 simple steps.
Switching from another provider? We ensure no gap in coverage.
Step 1: Create Account
Enter your personal details and basic company information to build your profile.
Step 2: Define Your Plan
Define your annual limit and add your spouse and dependants
Step 3: Set Up Funding
Set up your funding method and reimbursement account.
Pricing
Simple, flat-fee & fully transparent
$299 / year
Covers spouse and dependants
Unlimited claims up to $15,000
No monthly premiums
Frequently Asked Questions
Is this different from regular insurance?
Yes. There’s no monthly premium and strict coverage plan. You pay out of pocket, submit a receipt, and your corporation reimburses you. You only fund it when you use it.
Do I need to pre-fund the HSA?
No. You don’t send money ahead of time. You only transfer funds from your corporation once a claim is approved.
What if my spouse already has benefits?
Even if your spouse has a health plan through work, you’re still likely paying out of pocket. Premiums are almost always deducted from their paycheque, and most plans don’t fully cover everything and also have category maximums. With a Hiveworks HSA, you can:
Reimburse the health and dental portion of premiums your spouse pays, as long as those premiums qualify under CRA’s METC rules.
Claim the uncovered 10 to 30 percent or portion above the maximum limit of eligible expenses
Cover health costs their plan doesn’t include at all, like orthotics, therapy, or braces
Your HSA doesn’t replace their coverage. It fills in the gaps. See our article on how our HSA can work with spousal benefits.
Are braces and orthodontics covered?
Yes, orthodontic work like braces are eligible as long as it’s for medical reasons and performed by a licensed dental practitioner.
Are massages an eligible expense?
Yes. Massages are eligible if they’re performed by a Registered Massage Therapist (RMT) in most provinces, check the full list of eligible health practitioners by province.
How do I share this with my accountant?
Simple. Just send them this technical guide. It covers how the Hiveworks HSA works and how it complies with CRA eligibility rules.
The Fine Print
Eligibility Requirements
Incorporated in Canada
The plan must be sponsored by a legal Canadian corporation, excluding QC.
Pays a T4 salary from the business
T4 income clearly shows that you're an employee of your corporation. This helps establish the employer-employee relationship that is expected.
The HSA is part of your employee compensation
It must be set up as a formal employment benefit, not a shareholder perk.
No arm’s-length employees
Only your spouse or dependants may be employed in the business.
You set a reasonable annual limit
The amount must reflect your compensation and job role, to a maximum of $15,000. Industry guidance suggests the benefit should fall within 10 - 15% of your salary and be consistent with what a comparably paid employee in another corporation might receive.
Optional: Spouse and Dependants Eligibility
Your spouse or common-law partner can also be covered under your HSA, along with children under 21, children under 25 who are enrolled in full-time post-secondary education, and children of any age who are physically or mentally dependent. All must live in the same household as you.
Your Responsibilities
Hiveworks manages setup, compliance checks, and reimbursements, but a few responsibilities rest with the business.
Confirm that all plan participants receive T4 income
Each person covered under the plan must receive T4 income from the business to establish a valid employer–employee relationship. For incorporated individuals, this applies to the owner and any family members employed in the business, with no arm’s-length employees allowed. For businesses with teams, the plan must include at least one arm’s-length employee. It’s also best practice to include the HSA benefit in employment agreements as part of compensation.
Set reasonable annual limits
The annual reimbursement limit should align with each participant’s role and compensation level, up to a maximum of $15,000. A common guideline is 10-15% of salary and be consistent with what a comparably paid employee in another corporation might receive.
Dependants must meet eligibility criteria
Defined as as your spouse (married or common-law) and your children if they’re under 21, under 25 and in full-time post-secondary school, or any age if they have a qualifying disability. All dependants must live with you in your primary household.
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