Estimate and compare your HSA savings
See what these medical costs would take in pre-tax income if paid personally, versus running them through your Wellnex HSA. Your first calendar year is free.
Used only to compare against paying these costs personally with after-tax income.
On $10,000.00 of eligible claims per year
Estimated annual savings
$5,440.67
$5,666.67 in your first year.
- Pay personallyincome tax paid on claims amount (~40%)
- $6,666.67
Pay through Wellnex HSA
- Provincial RST + PT tax on claims amount
- $1,000.00
Membership ($150 + $50/employee)
HST/GST on membership fee
Full cost (excludes claims amount)
Taxes depend on your province: GST/HST applies to the Wellnex membership fee (waived in year one), and some provinces add retail sales tax (RST) and premium tax on claim amounts. The claims themselves are your own deductible company funds, not a Wellnex fee.
Results are illustrative estimates for planning purposes only. They do not guarantee pricing, savings, reimbursement eligibility, or tax treatment. Applicable taxes vary by province and plan design. Confirm current details with Wellnex before enrolling.
Wellnex provides plan administration software and does not provide tax, legal, or accounting advice. Eligibility, deductibility, and tax treatment depend on your circumstances, plan design, documentation, and current Canada Revenue Agency (CRA) rules. Please consult your own professional advisor.
Ready to give your team pre-tax health benefits?
Register your company in minutes. Your first calendar year is free.