Health Spending Account

If you have an HSA, your employer will allocate credits (dollars) into your account, which you can use to pay for eligible health-related expenses that aren’t fully covered under your ASEBP benefits or provincial health care insurance plan. Your HSA also provides you with a tax advantage by using tax-free dollars to pay for eligible expenses.

Eligible Expenses

Generally speaking, if a medical expense is eligible for reimbursement through your benefit plan with ASEBP, then it’s eligible for your HSA. Most medical expenses that qualify for an HSA fall under this category. Note that you must exhaust all of your provincial health care insurance and other benefit plan coverage options before your expense is eligible for reimbursement under your HSA.

While ASEBP is not in a position to confirm the exact expenses allowable under the Income Tax Act of Canada, the Canada Revenue Agency (CRA) does provide a list of eligible medical expenses based on their interpretation of the Act on their website. Note that the Income Tax Act of Canada also determines the criteria for eligible dependants for HSA expenses, and the CRA includes a definition on their website. For questions about what’s covered under your HSA or dependant eligibility, please contact the CRA.

For information about submitting an HSA expense, see Submitting a Claim. For a full description of required receipt information, see Receipt Requirements.