What are the key features of the enVia Health Spending Account that make it unique?
• MUCH BROADER RANGE OF HEALTH CARE EXPENSES CAN BE CLAIMED! • EVERYONE QUALIFIES – NO HEALTH EVIDENCE REQUIRED FOR HEALTH SPENDING ACCOUNT (eHSA) • NO PRE-EXISTING CONDITION EXCLUSIONS under eHSA • NO DEDUCTIBLES OR CO-PAYMENTS • NO WAITING PERIODS – IMMEDIATE COVERAGE • UNUSED CONTRIBUTIONS CARRY FORWARD TO SECOND YEAR 2. What problems does the enVia Program solve? Why was it created? Most Canadian employers today are seeking an alternative to the spiraling cost of the traditional “defined benefit” health and dental program. In search of relief, many have opted to move from a fully insured basis to the “Administrative Services Only” approach, only to realize that they are fully responsible for the ultimate claims experience plus administration expenses. The addition of a claims leveling device known as “Stop Loss” insurance, or increased deductibles or co-insurance have not really contained the employer’s costs. Employees continue to use the benefits to the plan maximums as they have
