Learn about our reward accounts.
We use the word rewards because we believe our business solutions should be a great experience for not only our employee users but for the companies that choose us to become a part of their benefits. A rewarding experience comes from excellent customer service, complete transparency and the easiest software that lets you do what you need.
There are many considerations to look at when deciding what benefit strategy you want to use. As an employer, you want to give your employees comprehensive options but at a price that is affordable for you. Our health spending account is a tax efficient way to pay for the coverage you need.
EMPLOYEE REWARDS EXPERIENCE
Each employee receives a welcome email from us, the first day they are active on the plan. From there we personalize their experience by introducing them to their own support contact, who can help them with any set-up, coverage or account questions. All employees have access to our mobile technology, that allows their claiming experience to be super easy, and quick. Making a claim has never been simpler than the click of a picture. Our claim team also reviews every employee claim with attention to detail and leaves instructional notes on the employees account anytime they can’t pay a claim. We can guarantee that your employees have access to our support team, available to answer any questions that come up. When you choose National HealthClaim, you are choosing the rewards experience for your company.
WHY A SPENDING ACCOUNT MAKES SENSE
There are many considerations to look at when deciding what benefit strategy you want to use. As an employer, you want to give your employees comprehensive options but at a price that is affordable for you. Our health spending account is a tax efficient way to pay for your employees health and dental expenses. It can fit into your existing insurance plan to pay for things not covered (or partially covered) or it can be a stand-alone solution. Choose a Lifestyle Spending Account to offer wellness rewards to your employees. Want both health and wellness? Our LifeHealth Flex plan gives you both at no additional cost.
Find the scenario below that fits your company, so you can make an informed decision about your benefit strategy.
You have an existing benefit plan that has become unmanageable and costly or no benefit plan at all.
Use the health spending account as your stand-alone health and dental solution.
No monthly premiums
A health spending account has no monthly premium or annual rate increases. This is unlike traditional plans that charge a monthly premium for each enrolled employee, even if they do not use the plan.
You set the pre-determined limits for your employees and only pay for the expense plus a 10% administration per actual claim submitted. Pay into the plan only as claims are made. Choose different benefit categories, set new hire limitations like waiting period and pro-rating. Download monthly usage reports so you are never in the dark about your plan.
Employees get reimbursed 100% of an eligible expense up to their account limit. No more deductibles, co-payments and maximum limits on certain expenses.
You have an existing benefit plan that you are happy with.
Why add a spending account to your overall benefit strategy?
Research suggests that more and more companies are brainstorming rewards programs for their employees to increase job engagement and promote a well-balanced lifestyle. Using a spending account, managed externally by NHC, is a fixed cost to you and fits in nicely with your existing benefit plan.
Health Spending Account
Employees don’t have to worry about the unpaid portions of their traditional benefits because the health spending account covers them. They can also claim eligible health and dental expenses that their benefits do not cover at all, tax-free!
You choose what you want to offer from a list of our benefit categories that can include things like gym memberships, fitness equipment, vitamins, daycare, public transit passes, continuing education, and family care. Decide employee yearly limits and trust us to process the claims based on your specifications.
More choice! Give your employees a yearly spending account limit and let them decide their own rewards. They can split their limits between the health spending account and the lifestyle spending account each year and we manage the whole process.
A spending account for executives.
You own your own company and are either incorporated or a sole-proprietor.
Why add a spending account for your personal health and dental expenses?
A Health Spending Account creates an environment for companies to pay for healthcare expenses directly using pre-tax dollars. If you compare the difference between your company adding money to your T4 income in order to pay for healthcare expenses vs. your business being able to pay directly for them, the savings are significant.
Large Group Corporate Solution – Overview
A HealthCare Spending Account (HSCA) is a tax efficient way to pay for your employee health and dental expenses. It can compliment your existing insurance plan to pay for things not covered (or partially covered) or can be applied as a stand-alone solution. Either way, the tax advantages of using a Health Spending Account are unparalleled making it a smart addition to your health and dental strategy. Additionally, by keeping your HCSA plan separate from your insurance provider ensures spousal plans are utilized first, keeping your HCSA costs lower.
The Corporate HCSA is designed for incorporated companies of all sizes, whether you have one employee or hundreds. It is available to all employees regardless of medical condition or age.
Medical and dental reimbursements are provided as non-taxable benefits to the employee, and the payments are a 100% tax deductible business expense.
A wide range of expenses are eligible including: Dental, Laser Eye Surgery, Vision, Prescription Drugs, Hearing Aids, Private Duty Nursing, and Naturopath visits. Review the full list of eligible expenses available on the web site.
Web based online services are available to help you and your employees access their HCSA information quickly and easily.
Learn more: www.corporatehcsa.com
The LifeHealth+ Plan combines a tax-free Health Spending Account (HSA) with a taxable LifeStyle Spending Account (LSA) and allows you to offer your employees a wide range of benefits. The LifeHealth+ plan can fit into your existing insurance plan, or it can be a stand-alone solution, available to incorporated companies of any size.
Employee Wellness Benefit
A LifeStyle Spending Account (LSA) is a managed program that provides an easy way for your company to pay for certain expenses aimed at improving the overall health and well-being for your employees. The best part is, you can allow your employees the ability to choose where they want their credits to go. True flexibility!
Since the items being covered are outside the approved list allowed under a traditional Health Spending Account, the benefit is considered by the Canadian Revenue Agency as “taxable” and must be reported promptly on the company payroll. The NHC LSA solution has the necessary reporting features to make payroll entries easy.
Need a “Stand Alone” LifeStyle Spending Account? You can still use the LifeHealth+ plan by simply making the HSA component $0. Works great!
Learn more: www.lifehealthplus.ca
CoreHealth+ combines the peace of mind of a comprehensive insurance plan for unplanned expenses, with the flexibility of a Health Spending Account for routine medical expenses, all in one easy-to-use solution.
Whether your company is Incorporated or a Sole Proprietor, you can take advantage of the benefits of CoreHealth+, including insured coverage and a custom Health Spending Account.
Affordable Group Insurance
Unplanned expenses can be a financial burden, which is why CoreHealth+ provides premium-based insurance to cover Life, Accidental Death, Critical Illness, Travel Emergency Medical, and Excess Medical Coverage.
Visit the site: www.corehealthplus.com