Health Spending Account (HSA) Wallet

HSA Wallet

Flexible, pay-as-you-go health benefits for Canadian businesses. No upfront funding or deposit required. Start your plan today as a Plan Administrator.

7 % Admin fee per claim. $50 One-time setup fee per organization
  • No Upfront Funding Required
  • 100+ Eligible Health Expenses
  • Coastal HSA Web App
  • Health Claim Adjudication
  • 2–4 Business Day Reimbursements
  • Automated PAD Billing

    Save time with hassle-free administration. Claim amounts, the 7% administration fee, and applicable taxes are automatically withdrawn from your business bank account through Pre-Authorized Debit (PAD) — no manual invoice payments required.

  • Health Spending Reports
  • Secure Data Encryption
  • In-App Support
  • Cancel Anytime with 30 Days' Notice
Set up an HSA Plan

HSA Wallet — Growth

For Canadian businesses with more than 30 employees or projected annual HSA spending over $100,000.

  • Everything in the HSA Wallet
  • Dedicated Account Support
  • Volume-based Pricing
  • Plan Administrator Training
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HSA plans cannot be backdated under CRA rules. Coverage begins on your plan start date and applies only to eligible expenses incurred on or after that date.

The HSA Wallet is currently available across Canada except Québec. Ontario residents are subject to additional provincial taxes. See tax details below.

Coastal HSA

HSA Cost Calculator

Build a quote for your business by adding employee classes, setting an annual HSA amount for each employee class, and entering the number of employees in each class. Your total annual HSA allocation will be used to calculate your estimated costs.

Build your quote

Enter a name for each employee class (e.g., Managers, Full-time employees or Part-time employees), then set the annual HSA amount and number of employees. The classes and amounts below are examples only—edit them to match your business.

Employee class Annual HSA per employee Number of employees Class total
$10,000.00
$15,000.00
Total employees7
Total annual HSA allocation$25,000.00

Quote settings

Your combined employee allocations are used in the cost estimate.

Annual HSA allocation$25,000.00
Estimated annual claims$25,000.00
Number of employees7
100%
0%50%100%
Estimated percentage of allocated HSA funds employees are expected to claim.

Cost breakdown

Estimated first-year costs based on your quote and selected province.

Estimated approved claims$25,000.00
Administration fee (7%)$1,750.00
GST on administration fee (5%)$87.50
One-time setup fee + GST (5%)$52.50
Estimated total first-year cost
$26,890.00
Based on estimated approved claims, administration fees, applicable taxes, and the one-time setup fee.
Additional cost above estimated claims
7.6%
Your estimated fees and taxes above estimated approved claims.

Calculation details

Administration fee: 7% of estimated approved claims.
GST: 5% on the administration fee and setup fee.
One-time setup fee: $50 before applicable tax.
Estimates only. Actual costs depend on approved claims and applicable tax rules. Tax treatment can depend on the applicable province and the nature of the fee.
How HSA Taxes Work Across Canada

Taxes on HSAs

Taxes are calculated, collected, and remitted based on the employee’s province of residence.

5% GST is charged on the admin fee.

Example: $100 claim → $7 admin → $0.35 GST → $107.35 total

15% HST is charged on the admin fee.

Example: $100 claim → $7 admin → $1.05 HST → $108.05 total

14% HST is charged on the admin fee.

Example: $100 claim → $7 admin → $0.98 HST → $107.98 total

2% PPT is charged on the claim + admin.
8% RST is charged on the claim.
13% HST is charged on the admin fee.

Example:
$100 claim → $7 admin → $2.14 PPT → $8.00 RST → $0.91 HST → $118.05 total

Coastal HSA does not currently offer HSAs in Québec. 

Want to understand how HSAs work?

Learn about HSA eligibility, eligible expenses, allocations, claim deadlines, and other plan rules.

View HSA Plan Guidelines

How to Setup Your HSA

Set up your HSA in minutes and start offering flexible benefits today.

01

Create an Account

Use your work email to create a Plan Admin account.

02

Build the Plan

Add employees and assign an annual HSA amount to each employee.

03

Activate the Plan

Complete your PAD agreement and pay the $50 one-time setup fee.

04

Employee Login

We send employees a welcome email with a link to access their HSA.