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Health Spending Account

A Health Spending Account (HSA) through Industrial Alliance (IA) is a great way to pay for eligible medical and dental expenses throughout the year for yourself, your spouse, or your dependent children. The Company contributes $400 each year to your IA HSA help you cover these out-of-pocket costs like co-pays, medical devices, and more.

It works like a bank account: your account is credited with a dollar amount from which eligible expenses are deducted. As long as the balance is sufficient to cover a claim, eligible expenses are reimbursed to you, and your HSA is debited accordingly.

How it Works

  • The HSA works like a bank account: on January 1, you will receive the $400 contribution from the Company, which can be used to reimburse eligible health and dental expenses.
  • As you submit eligible claims, the amount is reimbursed to you—up to your available balance—and deducted from your HSA. Note: There is no debit card linked to this account.
  • If you become eligible partway through the year, your contribution will be prorated based on the number of full months remaining.
  • Each year on the renewal date, eligible employees receive a new $400 contribution to continue supporting out-of-pocket care.

Important Reminder

Unused funds do not carry over, so be sure to use your HSA dollars before the year ends!

You have a grace period of 90 days at the end of the HSA year to utilize the unused credits. After that period, the credits will be forfeited from your HSA. During that 90-day period, these credits may only be used to reimburse expenses which were incurred during the HSA year to which these credits were allocated

Find It Fast

You can submit claims for eligible expenses incurred by yourself, your spouse, or your dependent children, provided you claim a tax deduction for them in the year the expenses are incurred.

If you enrol in benefits in the middle of the year, you will become eligible for the HSA on the 1st of the month following your enrolment and your contribution will be prorated.

Your HSA helps cover a wide range of out-of-pocket health and dental expenses that aren’t fully reimbursed under your regular benefit plans.

Here are some common examples of eligible expenses:

  • Prescription drugs and medical devices
  • Dental care (cleanings, fillings, dentures, orthodontics)
  • Vision care (eye exams, glasses, contact lenses, laser eye surgery)
  • Paramedical services (massage therapy, physiotherapy, chiropractic)
  • Medical equipment (crutches, hearing aids, orthotics)
  • Mental health services (psychologists, social workers)
  • Fertility-related expenses
  • Expenses not fully covered by your regular health or dental plans (like co-pays or deductibles)

Refer to your Health Spending Account booklet from Industrial Alliance for a detailed list of eligible expenses.

You can submit a claim three ways:

  1. Sign in to My Client Space: Submit your claim via your account. Sign into Client Space here.
  2. Download iA Mobile: Download the iA Mobile app—a simple and effective way to submit your claim.
  1. Download this form: Complete this form. Then print it, sign it by hand and send it to Industrial Alliance along with receipts and required documents, if applicable.