Invest in Wellness, Ease, and Flexibility with an Employee Health Spending Account

A health spending account (HSA) is an employer-funded account that can be used as a supplement or an alternative to a traditional employee benefits plan. In Canada, HSA benefits empower businesses with greater cost control and tax savings—all while giving employees more choice, freedom, and flexibility.

How Does a Quikcard Health
Spending Account Work?

As an employer, your Quikcard HSA plan allows you to choose the amount paid into your employee health spending account each month and set limits on what can be claimed. As an employee, you decide how you want to spend and prioritize your eligible HSA credits, giving you more control over your health and well-being.
As an employer, you:
  • Open an HSA benefits plan with Quikcard, your HSA provider
  • Decide how much you want to contribute
  • Make deposits
  • Receive tax savings—employer contributions are 100% tax deductible
  • Use Quikcard’s secure HSA website portal to run reports and easily manage enrollment and funding
As an employee, you:
  • Receive a health service, such as a visit to the dentist, optometrist, or physiotherapist
  • Pay out of pocket for your eligible healthcare expenses
  • Make a claim using Quikcard’s secure HSA website portal or mobile application
  • Get reimbursed—tax-free
  • Note: direct billing is available on eligible dental, extended health, and drug claims

How Does a Health Spending Account Compare to Other Benefits Plans?

Compared to traditional benefits, an HSA plan provides you with access to a wider range of claimable options, including dental, vision, prescription drugs, and extended healthcare costs.

  HSA* Other
Assistive Mobility Device
Audiologist Services & Hearing Aids
Autism Treatments
Cataract Surgery
Chiropodist Services
Chiropractic Services
Contact Lenses
Dental Hygienist Services
Dental Technologist Services
Prescription Drugs
Elderly Parent & Department Care
Fertility Drugs & Treatment Services
Laser Eye Surgery
Massage Therapist (RMT)
Medical Laboratory Services
Medical Radiation Treatment
Midwife Services
Naturopath Services
Occupational Therapist Services
Optician Services
Optometrist Services
Orthodontic Services
Physiotherapist Services
Prescription Sunglasses
Psychologist Services
Respiratory Therapists

*This list provides examples of some of the expenses that can be reimbursed through a Quikcard HSA. Please note that this list differs based on province or territory. For more information on eligible medical expenses, see  Income Tax Folio S1–F1–C1, Medical Expense Tax Credit.

What are the advantages of an HSA in

Quikcard HSA benefits are fully customizable, ensuring that health and wellness solutions are available to Canadian businesses of ALL sizes.

  • Employer contributions are 100% tax deductible
  • Employee reimbursements are 100% tax-free
  • Any funds that aren't used by employees are
    returned to the employer
  • There are no expenses for the employer until a claim is made
  • There are no sign-up fees, transaction fees, or
    medical questionnaires
  • Employees get to choose how to use their
    eligible HSA account credits
  • Employers benefit from healthier, happier,
    and more productive work environments

Expenses that aren’t listed as eligible by the CRA are considered not eligible. Some common ineligible items include the services of non-qualified medical practitioners, health supplements, cosmetic services, and exercise equipment.

Once a Quikcard HSA is set up, you can access your personal account online to check balances, submit claims, and search through a directory of providers. Apple and Android users can also download the Quikcard App to make the HSA experience even faster and easier.

Unless there’s a forward date on your plan, you can submit a claim as soon as you’re enrolled.

You can submit your claims through your individual web portal, the Quikcard mobile app, by email, by fax, or by mail.

You can submit claims through the Quikcard web portal or mobile app, where a document or picture of the receipt/invoice/EOB can be attached. If mailing or emailing a claim submission, a signed claim form is required. All submissions must include:
  • The product or service acquired
  • The patient’s name
  • Amount paid
  • Date of delivery or service
If the plan is a supplemental plan, an Explanation of Benefits (EOB) from the primary plan will also need to be submitted.

Quikcard claims are processed within 48 hours of receipt. Payments are issued twice weekly and are received the next business day if paid by electronic transfer.

Claims should be submitted within 12 months of the original date of service.However, if the Quikcard HSA plan has been terminated, claims must be submitted within 60 days of the termination date.

Any credits that haven’t been used can be rolled over to the next year, or they can be credited back to the employer. This depends on how the account is structured. Our Quikcard Health Spending Account representatives can help walk you through all available account set-up options.

Quikcard HSA benefits only cost money when the plan is utilized. All unused pre-payments can be returned to the company. Contact our Quikcard team for a custom quote.

Setting up a Quikcard HSA plan is easy. Contact our team by phone, through the website chat function, or by email to get started.

A Quikcard HSA benefits plan is an administration contract. You can terminate this administration contract by providing Quikcard, your HSA provider, written notice 60 days ahead of your desired termination date. There’s no requirement for an annual renewal.

Our award-winning Quikcard service team is available by phone, web chat and email. Calls to our call centre have a wait time of less than two minutes. We’re here to help.

Personalized Health Spending
Accounts to Meet Your Needs

At Quikcard, we’ll create a tailored HSA plan that maximizes value, minimizes administration, and ensures your peace of mind. Setting up and administering a Quikcard health spending account is fast and easy, and our award-winning service team is here to support you every step of the way. Contact one of our representatives to get started.