HSA Health Wallet
Trusted by Canadian small businesses for simple and scalable health benefits.
Health Spending Accounts
Why HSAs?
For business owners, traditional group health insurance is often complicated and costly. As flexible and affordable employee benefit plans, Health Spending Accounts (HSAs) offer a welcomed alternative. Here’s why small businesses trust Coastal HSA.
- Supports comprehensive coverage
- Includes 140+ eligible health expenses
- Counts as deductible business expenses
- Provides coverage for dependents
- Available without deductibles or copays
- Tax-free for employees and owner-employees
For Small Businesses
HSA Eligibility
Our HSAs comply with all Canada Revenue Agency guidelines. Here are the Canadian businesses that can open an HSA:
- Operating companies
- Sole proprietors*
- Nonprofits
- Partnerships*
- *with a full-time arm’s length employee
Choosing Coastal HSA
Health Wallets
Our digital Health Wallets at Coastal HSA put predictable spending within reach for employers. Simply allocate a set dollar amount of credits to each employee’s Health Wallet. From there, employees can submit their receipts through our easy-to-use platform to receive their reimbursements. Here’s what you can expect:
- No premiums
- Easy to use
- Flexible credits
- No signup fees
- No monthly or annual fees
- Pay as you go
Centralized Platform
How It Works
Available on both desktop and mobile, our platform offers clarity for employers and ease of use for employees. Within just a few minutes, you can:
- Customize your plans
- Build a Health Wallet group
- Allocate credits
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Health Wallet groups offer a simple way to assign credits to different departments, such as $2000 per year for your social media specialists and $2500 per year for your managers. Just create a group, add members with similar roles, and assign credits. That’s it!
HSA Health Wallet
Health Wallet Benefits
Flexible, affordable and easy-to-use health benefits.
eligible health expenses
average claim submission time
coverage for employees
competitive admin fee
One account. 140+ benefits.
Discover the Coastal HSA difference as an alternative or supplement to traditional insurance.
Getting Started
Flexible health benefits
start here
Explore our plans below for a firsthand look at our HSA Health Wallets.
