Health care costs are expensive and can add up quickly. A health care spending account (HCSA) can help you pay for eligible medical, dental and vision expenses. All full-time employees are eligible to participate.
How the HCSA works
An HCSA provides you with a predetermined annual credit that you can use to pay for certain medical, dental and vision expenses that aren’t covered by your health care plan. You have the flexibility to use your HCSA for the coverage you need.
Check the CRA website for a list of eligible expenses.
Fast facts
Administrator: Canada Life Health SolutionsPlus.
Funding your HCSA: Rivian will make a one-time $300 contribution to your account each year.
Dependant health care claims: Eligible dependants enrolled in the policy are covered.
Plan year: January 1 to December 31 each year.
Use it or lose it: You have until the end of the year to use the funds in your account. Any remaining money will be forfeited.
Check your account balance: Go to GroupNet and click Coverage & Balances.
Make the most of your benefits!
Use the Canada Life plan first to cover the cost of care, and then use your HCSA to pay for expenses not covered by the plan.
Health SolutionsPlus Visa card
Your HCSA comes with a Health SolutionsPlus Visa card, which works like a prepaid debit card. Use it to pay for eligible medical, dental and vision expenses when you receive care. You can also pay off any eligible outstanding balances. Your eligible expenses are automatically deducted from your account.
Your HCSA Visa card provides you the freedom and flexibility to choose where and when to spend your HCSA dollars. You can use your card until you’ve exhausted all the money in your HCSA for the current plan year.
And the best part—no HCSA claim forms to complete!
