Health spending accounts: A multifaceted, crowd-pleasing health insurance tool

Benefit gives employees more control over costs

HR analysts have been reporting for several years the Canadian workforce is on the verge of a crisis. Baby boomers are reaching retirement, there are fewer skilled workers to replace them and health-care expenses are increasing across all levels. In recent years, health spending accounts (HSAs) have become one solution to help reduce the negative impact of the changing employment landscape.

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