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Why Small Business Health Care Plans Matter for Mom-and-Pop Establishments

Written by admin on . Posted in Flexible health spending account, Small business group health insurance

Health spending account

In Canada, health care costs are mostly covered by public funds for all Canadians. This ensures that Canadian citizens, young and old, receive basic medical care from doctors and hospitals in their provinces. However, this isn’t always enough when it comes to certain medical procedures and treatments, and it often falls short in terms of things like mental health spending and elective surgeries. Because approximately 98% of Canadians are employed by small businesses with fewer than 100 employees, they are eligible to take part in their employers’ small business health care plans. In fact, as many as 75% of Canadians take part in their employers’ health insurance plans.

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