DiscoverMillennial Money CanadaEp.014: Must-Have Health Accounts for Canadian Business Owners
Ep.014: Must-Have Health Accounts for Canadian Business Owners

Ep.014: Must-Have Health Accounts for Canadian Business Owners

Update: 2025-02-27
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Summary


In this episode, Guillaume invited Kyle Welsh from MyHSA to discuss the transformation of health benefits through technology, the growth and scalability of MyHSA, and the competitive landscape of health spending accounts. He highlights the unique offerings of MyHSA, including health spending accounts and wellness spending accounts, and explains how these solutions cater to business owners and employees. The discussion also covers the importance of company culture, the guidelines for setting up health spending accounts, and the eligible expenses under these plans. Kyle emphasizes the flexibility of wellness spending accounts and flex plans, as well as the custom solutions available for larger enterprises. He concludes with insights into future innovations at MyHSA and the importance of working with advisors to implement these solutions.


 


Topics Covered in this Episode:


00:00 Introduction to My HSA


03:56 Growth and Transformation of My HSA


07:10 Technology and User Experience


09:37 Funding Models and Differentiation


12:21 Health Spending Accounts for Business Owners


15:05 Eligible Expenses and Benefits


17:41 Wellness Spending Accounts for Employees


26:49 Creative Employee Benefits for Retention


28:57 Understanding Health and Wellness Spending Accounts


31:15 The Flexibility of My Flex Plan


32:55 Cost Considerations for Spending Accounts


37:50 Custom Solutions for Growing Enterprises


39:10 Exploring MySO: Administrative Services Only


44:59 Future Innovations at MyHSA


 


MyHSA


Website: https://www.getmyhsa.com/


 


🤝 Work with Millen Wealth Advisors


Book a Financial Review Meeting: https://courses.mwadvisors.ca/FinancialAdvice


 


🔗 Connect & Follow Us for Insights


Website: https://www.mwadvisors.ca/


Podcast YouTube Channel:


https://www.youtube.com/@MillennialMoneyCanadaPodcast


 


Keywords


Health benefits, MyHSA, health spending accounts, wellness spending accounts, employee benefits, technology in healthcare, corporate wellness, financial planning, Canadian health benefits, advisor solutions

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Ep.014: Must-Have Health Accounts for Canadian Business Owners

Ep.014: Must-Have Health Accounts for Canadian Business Owners

Guillaume Girard & Sam Lichtman