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Health Spending Account (HSA)
The health spending account
provides for the reimbursement of medical and dental care expenses that
you would normally have had to pay. It is comparable to a bank account
because it operates according to a system of credits and debits. As long
as the balance is sufficient to cover a claim, the expenses associated
with an eligible expenditure are reimbursed, and the health spending account
is debited accordingly.
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What claims are eligible? |
A member may submit a claim for expenses incurred
for himself, his spouse and any dependent for whom he requests a tax deduction
during the year in which the expenses are incurred.
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What medical expenses are eligible? |
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expenses that are not covered by the
medical and dental care plans (deductible
and coinsurance),
amounts exceeding the maximum amounts provided for under the plan,
etc); |
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expenses that are not covered by any
other group, provincial or private insurance plan; |
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expenses designated as eligible medical
expenses under the Income
Tax Act and Regulations, as amended, as well as the Interpretation
Bulletins
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