League Updates

New: 100% Tax-Free Health Spending Account

by: | July 18, 2016

Are you self-employed or a small business owner without health benefits coverage?

Do you have health and medical expenses that you’re paying out-of-pocket for?

Looking for ways to save time by eliminating crappy admin so you can focus on your business and maximize your take-home pay?

LEAGUE HEALTH SPENDING ACCOUNTS – SIMPLE AND AFFORDABLE. FITS NEEDS OF SMALL BUSINESS OWNERS AND THE SELF-EMPLOYED!

What’s a Health Spending Account?

A Health Spending Account (HSA) is a flexible benefit plan where you allocate tax-free funds to pay for certain medical and health expenses.

(HSA eligible for Canadian citizens only)

BENEFITS OF A LEAGUE HEALTH SPENDING ACCOUNT

100% tax-free benefits – non-taxable benefit for you and/or your employees, and a tax deduction for your company.

No monthly premiums – unlike traditional health insurance, YOU are in control of setting your budget or allocation based on your health needs.

Pay-As-You-Go – to ensure you only pay for the health expenses you use. Your Health Spending account sits in a ‘virtual wallet’ ready to be used whenever you are. Since you set the budget limit, you’ll never ‘overspend.’

No Caps – no maximums on any category. Guarantees freedom to choose and access exactly what you need. You are only limited by the total* HSA budget you choose to set. (*some government contribution limits may apply)

Flexible Coverage – freedom across a large range of eligible expenses, significantly more than traditional plans regardless of pre-existing conditions, and no medical assessment required.

  • Covers individuals who are financially dependent (including children, spouses and common-law partners, as well as parents, grandparents, brothers, sisters, aunts, uncles, nieces, or nephews).

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100% Modern: Mobile and Digital – eliminates the annoying headaches of filling out forms and submitting paper claims to your insurance.

 

Do You Fall into This Group?

Some industry facts:

  • Over 6 MILLION self-employed people and small businesses in Canada currently have no health benefits coverage for preventative services such as dental, vision care, prescriptions, massage and chiropractic care, etc.
  • Lack of coverage = defaulting to paying for services and treatment out of pocket using taxable income, therefore cutting into your take-home pay.

 

Why League can help drive a better culture of health for you and your business:

  1. We believe that everyone should have the tools to live healthier every day.
  2. We know there’s a big problem in the healthcare industry overall – traditional insurance benefits are too inflexible, inconvenient and confusing. Rising costs of premiums are unsustainable for a small biz owner, with limited value because of caps and restrictions.
  3. We partner with small businesses and self-employed individuals to deliver what our competitors ignore – access and simplicity in getting the best flexible health coverage.

You don’t accept the old ways of doing business, so why accept the old way of doing benefits?

TALK TO US ABOUT OPENING AN HSA TODAY

 


If you have any questions or would like us to help, click here and we’ll get in touch immediately!

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