SM Blog: » see older posts
- Wednesday January 18, 2012
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The Rookie
Taking on a role in a field that you have no experience in can be a daunting task; you don’t want to disappoint your new employer and you need to step outside of your comfort zone. - » Read More
- Friday December 16, 2011
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Photos of 135 Lombard
Our achitect Number 10 took photos of the interior of our new building. - » Read More
- Wednesday December 14, 2011
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Happy Holidays & Welcome New Members of the Sigurdson McFadden Team
Sigurdson McFadden would like to thank our clients for their continued support and we extend extend warm wishes to you and your family for a joyous - » Read More
SM Benefits & Pensions:
Canadian Payroll Association features Sigurdson McFadden
Posted by: Kevin McFadden
This week finds me presenting Flex plans and Health Care Spending Accounts (HCSA) to the Canadian Payroll Associate via a Webinar. A Health Care Spending Account is a pre-determined amount of money provided to employees at the beginning of each benefit year for coverageof their medical and dental expenses.
This amount is held in trust and claims are submitted by employees and reimbursed in a similar fashion to a traditional benefits plan. Eligible expenses are reimbursed at 100% up to the total dollar amount available in the HCSA.
A Health Care Spending Account can replace or exist alongside traditional medical and dental coverage. Health Care Spending Accounts ensure controlled benefit costs for the employer and complete claim flexibility for the employees.