The Health Spending Account (HSA) is used to pay for eligible medical and dental expenses beyond those covered by the Supplementary Health Care (SHC) and Dental Care plans. The account can be used to cover expenses incurred by you and any dependents who qualify for the medical tax credit.
HSA reimbursements are not subject to income tax, as they are directed to the account before tax is deducted.
On January 1st, eligible staff members receive an annual credit allocation of $750.00 for discretionary use within the program guidelines.
Eligible expenses include:
- Any coinsurance payments and amounts in excess of coverage limits under the SHC and Dental Plan
- Charges for dental procedures in excess of the regular Dental Plan's payment limits
- Vision care expenses such as eye exams, glasses and laser eye surgery in excess of the coverage under the Supplementary Health Care Plan
- Prescribed lifestyle benefit expenses such as nutritional supplements
- Paramedical practitioners including chiropractors, acupuncturists, optometrists, massage therapists, physiotherapists and psychologists in excess of SHC plan coverage
A detailed list of eligible expenses can be obtained through the Canada Revenue Agency website.
As well, CRA permits a broader definition of a dependent for expenses claimed through the Health Spending Account - the perfect solution for employees wanting to cover expenses for extended family members who would not be eligible under the University’s benefit plan.
How to Make a Claim
Visit Making a Claim to learn more.
Claims must be received by Sun Life within 90 days following the end of the calendar year in which the expense was incurred. This deadline for claims for expenses incurred during the previous calendar year is March 30.
Credit Carry Forward
HSA credits are deposited into your account on January 1 of each year. Unused credits can be carried forward for one year only to pay for expenses incurred during the following benefit year. At the end of the second benefit year (December 31) any unused carried forward credits are forfeited by the member. For example, credits deposited on January 1, 2017 and not used by December 31, 2018 will be forfeited. Forfeit credits remain within the Academic Benefit Plan to fund benefits generally.
Managing Your Health Spending Account
Your HSA can be managed via the web on the Sun Life Member Services website. This site will provide up-to-date information on your account status including claims paid and your account balance.
Questions About Your Health Spending Account
Contact the Sun Life Customer Care Centre for prompt answers to any questions you might have about your HSA at 1-800-361-6212. Further information about the Health Spending Account is available through Member Services on the Sun Life website.