Healthcare Spending Accounts: A Smarter Way to Offer Employee Benefits Without Breaking the Budget

Running a business today isn’t easy - especially when it comes to balancing competitive benefits with rising costs. Employers are under pressure to attract and retain top talent, but traditional benefit plans can feel rigid, expensive, and unpredictable.

So how do you offer something that truly supports your team’s well-being without overspending?

That’s where a Healthcare Spending Account (HSA) comes in.

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What Is a Healthcare Spending Account (HSA)?

A Healthcare Spending Account is an employer-funded, tax-efficient account your team can use to cover the health expenses that matter most to them.

It’s flexible.
It’s predictable.
And it puts employees in control of their own coverage.

Whether it’s vision care, dental work, prescriptions, chiropractic treatments, or other eligible expenses - your employees choose how to use their funds. You decide the budget. They decide the care.

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Why Not Just Stick With a Traditional Plan?

Traditional benefit plans are great for some businesses, but they can also come with challenges:

• Fluctuating premiums year after year, regardless of how much your employees use them
  
  
• Limited flexibility in what’s covered
  
  
• Complex administration and renewal processes
  
  
• And for growing or smaller businesses, they can be costly and unpredictable
  
  

An HSA offers a modern alternative. You get a clear, controllable budget - and your employees get choice, freedom, and support where they need it most.

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The Facts Speak for Themselves

Did you know that two-thirds of Canadians with employer benefit plans say they’re both financially and mentally healthier than those without?

That’s the power of access to healthcare support.

With HSAs, you can provide that same level of support - but in a way that fits your business, not just your broker’s renewal schedule. You’ll have:

• No renewal shock - your budget is predictable
  
  
• Tax deductions for your business
  
  
• A benefit employees actually value - it feels like a raise that costs you less
  
  
• Lower stress across your team
  
  

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How Does It Work?

1. You allocate a specific amount for each employee.
   
   
2. Employees pay for eligible medical expenses out-of-pocket.
   
   
3. They submit their receipts for reimbursement.
   
   
4. You reimburse the claims - only for what’s used.
   
   

That’s it.

If no claims are submitted, you pay nothing that month. It’s simple, transparent cost management that helps you stay in control of your spending.

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A True Win-Win

With an HSA, employers save money while employees get flexible, personalized coverage.

At Custom Group Services, we’ve helped over 50 companies and more than 200 employees transition to Healthcare Spending Accounts - and the feedback has been overwhelmingly positive.

Employers tell us it’s easier to manage, more cost-effective, and better aligned with what today’s employees expect from their workplace benefits.

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Why Work With Custom Group Services?

With over seven years of experience in the group benefits industry, we specialize in customized plan designs that scale with your business.

When you work with us, you’ll get:

• Tailored, expert advice
  
  
• Honest guidance (no hidden fine print)
  
  
• Real people who answer the phone
  
  
• A partner that supports your business every step of the way
  
  

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Ready to Learn More?

If you’re looking for a modern, flexible, and sustainable way to support your team’s health and well-being, while keeping your budget predictable. A Healthcare Spending Account might be the right fit.

Let’s talk about what that could look like for your business.

📞 519-491-0342
🌐 customgroupservices.com