Offer health, dental, and wellness choice plus self-service to employees. Only pay for what employees claim.
ADD FLEXIBILITY, TOP-UP A PLAN OR
CONTROL COSTS WITH A SPENDING ACCOUNT
Employees want more flexibility and choice when it comes to their benefits. With a spending account, employees can spend their dollars in a way that makes the most sense.
Provide a non-taxable account that provides reimbursement for eligible health and dental items.
Provide reimbursement for health and wellbeing options not typically covered under a benefits plan.
Standalone® Combination Spending Accounts brings together the coverage of a Health Care and Wellness Spending Account.
plan sponsors offer health spending accountsThe State of Health Care Spending Accounts (PDF: 39KB)
plan members like having a health spending accountThe State of Health Care Spending Accounts (PDF: 39KB)
plan members without a health spending account would like oneThe State of Health Care Spending Accounts (PDF: 39KB)
Health Care Spending Account
A Health Care Spending Account (HCSA) provides a non-taxable alternative or supplement to a traditional benefits plan. Employers select a dollar amount for their employees to spend on eligible expenses, and the employees decide how to spend the money. The Canada Revenue Agency (CRA) regulates HCSAs, including item eligibility.
- Ambulance services;
- Specific cancer treatments;
- Dental services;
- Registered Massage Therapy (RMT);
- and more!
Personal or Wellness Spending Account
A Wellness Spending Account (WSA), sometimes known as a Personal Spending Account (PSA), is a taxable benefit that provides additional health and wellbeing options beyond traditional benefits coverage. Employers decide what a WSA will and will not cover: the options for coverage are almost limitless!
- Gym, fitness centre, and annual memberships
- Child and eldercare
- Education fees, tuition, and books
- Smoking Cessation Programs
- and more!
BENEFITS BY DESIGN’S
Launched in 2016, Standalone was born out of a desire to help working Canadians gain greater access to the benefits they want and in response to increased demand for choice and flexibility in benefits plans.
Standalone® Spending Accounts
To provide access to as many working Canadians as possible, Standalone is open to any incorporated company, with no restrictions on the numbers of employees, hours worked, or a minimum premium requirement.
At its core are two products — a Health Care Spending Account (HCSA) and a Wellness Spending Account (WSA). With both products, employers determine a set amount to offer to employees for eligible expenses, providing some cost-containment for the benefits plan, while still providing flexibility to employees.
- Secure digital online platform
- Claims made on-the-go
- No cheques or prefunding required
- Completely paperless system
- Supported by BBD’s Customer Service team
- Two- to four-day turnaround for claims reimbursement