The Manulife Vitality program now offers Vitality Active Rewards TM with Apple Watch so you can enjoy rewards for active living! ET Sun Life-Ivey Canadian Wellness Return on Investment (ROI) Study, Phase 1. A TSA helps organizations be innovative and flexible, attracting and retaining valued staff. Weekdays from 8 a.m. to 7 p.m. Then fund the balance by tracking activities to earn Vitality Points TM. Learn more about health spending accounts. Similar in set up and operation to HSAs, Wellness Spending Accounts (WSA’s) differ in that they are taxable benefits. Phone. Each employee is given a certain amount of benefit dollars each year that they can spend on various health and wellness costs. When you submit a claim, you’ll get a 100% reimbursement, with no deductible, up to the maximum allocated to your wellness account. Service for deaf or hard of hearing – TTY. Become a Manulife Vitality member and get Apple Watch from just $0*. Advantages: 2. Still, many employers use them to attract and retain talent. They are then able to allocate a certain portion of … With a wellness account, you and your eligible dependents can use your credits to pay for wellness-related activities and services. A taxable spending account (TSA) is a simple and effective solution that enhances a group benefits plan by functioning as a personal health and wellness account for plan members. Wellness account. Wellness programs save about 1.5 to 1.7 days in absenteeism per worker over 12 months, or an estimated $251 per employee per year in savings. Wellness Spending Account. Lately, the CRA has noticed several businesses improperly claiming deductions related to Health Spending Accounts (HSA), and it wants to alert potential participants about this scheme. A wellness account covers things that are not listed as medical expenses in the Income Tax Act. A Wellness Spending Account (WSA) is an opportunity for employers to support their employee’s wellness through the allocation of benefit dollars for non-medical, wellness expenses. To contact us through a telecommunications relay service – find the applicable phone number from the above options, then dial 711 7 1 1 to connect with the TTY service. A Health Spending Account is a special type of ‘bank’ account (it’s actually a ‘Trust Account’), established under Canada Revenue Agency rules, that allows a Canadian tax payer to set aside a portion of their gross income before tax, pay no tax on this money, and then deposit the full amount into an account to be used exclusively for the family’s health care spending. If you require support from our customer service or technical support teams, please call: 1-888-222-0775 1 8 8 8 2 2 2 0 7 7 5. The Canada Revenue Agency (CRA) is always on the lookout for tax schemes and opportunities to warn Canadians about them. Supporting employees’ health inside and outside the office is one of our top priorities.We offer health benefits such as a wellness account, on-site fitness centre in some locations, social sporting events such as intramural soccer, volleyball teams and more. Our Health & Wellness Site, available on GroupNet Opens a new website in a new window, offers in-depth information on diseases, conditions, drugs and treatment options. It’s a holistic approach to wellness that makes it easier for you and your family to take care of your health and well-being. Your employer chooses the eligible expenses to be included in your plan. An Equitable Life TSA, by design, is a responsive, flexible, simple solution: WSA’s provide an allowance that, when used, is added to an employee’s taxable income. The overall wellness of your workforce depends on taking care of the physical, mental, and financial needs of your organization and employees. 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