How Small Businesses Can Provide Benefits to Their Employees

Written by Business magazine. Posted in Flexible health spending account, Small business health care plans, Small business health plans

Medical insurance canada

Though the vast majority of health care expenditures in Canada are covered by the government, CRA health spending accounts can make up the difference. The primary attraction of a health spending account is that it actually works to cover 100 percent of out of pocket health care costs for employees with 100 percent pre-taxed dollars.

Interestingly, about 30 percent of all Canadian health expenditures come from private sources. CRA health spending accounts are among the top small business health benefits, as they can cover the extra costs not covered by the funding through income taxes. On that no