Healthcare Spending Account and Tax Savings
Whenever the subject of a healthcare spending account comes up in Canada, people sit up and listen. Everyone is interested in information on his or her healthcare spending account. In Canada, all citizens have access to their publicly funded healthcare system. Most of the services that Canadians have access to are free. Private health care practitioners, reimbursed by the government, are happy to provide these services at no cost to the patient. There are also various supplementary healthcare policies available through employers. In fact, about 75 percent of all Canadians have access to supplementary health insurance through their jobs. People in Canada do incur about 30 percent of out of pocket expenses that they pay themselves else their private insurance pays for them. Free prescript (more…)