Health Spending Accounts (HSA) are Self-insured Private Health Services Plan (PHSP) benefits
arranged by Employers for their Employees residing in Canada. Private Health Services Plans are described in Canada Revenue Agency (CRA) Income Tax Bulletin IT-339R2[1] "Meaning of PHSP" for Health and Dental Care Expenses described in Income Tax Bulletin IT-519R2[2] "Medical Expenses".
Health Spending Accounts can be utilized to 1. supplement Insured Private Health Services Plans, or implemented as 2. "stand-alone" plans instead of Insured Private Health Services Plans. Private Health Services Plans (which may take the form of Health Spending Accounts) may form part of a Health and Welfare Trust (see IT-85R2)[3] or Flexible Employee Benefit Program (see IT-529).[4]
^Agency, Canada Revenue (1995-01-01). "IT339R2 ARCHIVED - Meaning of 'private health services plan' (1988 and subsequent taxation years)". aem. Retrieved 2020-07-21.
^"IT519R2-CONSOLID - Medical Expense and Disability Tax Credits and Attendant Care Expense Deduction". Archived from the original on 2012-03-15. Retrieved 2011-01-22.
^"Canada Revenue Agency/Agence du revenu du Canada". 27 November 2019.
^"Canada Revenue Agency/Agence du revenu du Canada". 27 November 2019.
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