What are the costs?

There is a one-time set-up fee of $250 regardless of the number of employees in the company. There are no other ongoing administration fees unless a claim is made. All claims are subject to a 10% (plus applicable taxes) administration fee, which is 100% deductible to your company.

How do I go about setting up the plan?
  1. Complete the online Application Form
  2. Complete an enrolment form for each plan member
  3. Send us a cheque for $250 made payable to “Winflex Health Solutions Inc.”
  4. Electronically sign the Trust document (which will be emailed to the contact person on the application form).
What happens to the money in the plan?

The money that you put in is completely tax-deductible in the year of contribution. The funds themselves sit in our Trust account and are withdrawn tax-free to pay for healthcare expenses.

What happens if I don’t use all the money that I contribute?

Any unused contribution carries forward and remains in the plan for future use.

Can we contribute different amounts for different employees?

Contribution levels can be based upon employee classes. If the employer can clearly define classes for employees, different amounts can be offered. However, if you have two employees in the same position, they must be given the same amount.

Who can be listed as an eligible dependent?

An eligible dependent is defined as a spouse or any member of the household with whom you are connected by blood relationship, marriage or adoption, and who is financially dependent upon you at some point in the year.

What happens to the funds in the account should I die?

Contributions remaining in the trust can only be released for eligible medical expenses. If there are dependents listed on the plan they still have access to the remaining funds. However, if there are no listed dependents, the funds stay in the HSA.

Why should I consider WinFlex Plus?

While WinFlex is a great way to deduct predictable health-related expenses, WinFlex Plus rounds out your coverage by protecting you and your family against unforeseen health expenses that could prove to be financially crippling. For less than 30 cents a day, you can receive over a $1 million of coverage – and peace of mind.

Who administers WinFlex?

Winflex Health Solutions Inc. is a specialist in Health and Welfare Trusts (HWT) and Private Health Services Plan (PHSP), and acts as a third party administrator of these plans. Winflex Health Solutions Inc. is based in Vancouver.

How is WinFlex administered?

Claims can be paid in one of two ways. The healthcare practitioner – for example a dentist – can bill Winflex Health Solutions Inc. directly. The second method – particularly for smaller expenses – is to pay for the expense and submit it to Winflex Health Solutions Inc. for reimbursement. You can be reimbursed electronically directly into your bank account, or a cheque can be mailed out to you for an additional $25 processing fee.

How do I keep track of all my Claims?

You can login to your account at any point to see your account balance and all of the claims you have submitted.

Can I deduct expenses already paid for this year?

Yes in most cases, as long as these expenses have not been claimed elsewhere. For specific questions, please call toll free 1-877-731-3717.

My spouse has coverage, but it only covers 80% of claims. Can I cover the remaining 20% with a HSA?

Yes. We will need a copy of the premium billing statement from the insurance carrier. This can be submitted like any other medical receipt with a completed online claim form.

Where can I find out more about the Canada Revenue Agency’s interpretation of these plans?

There is information on the Canada Revenue Agency website on the guidelines for Health and Welfare Trusts and Private Health Services Plans. The CRA bulletins specific to the subject are as follows: