How do I claim Olympia benefits?
Making a claim is fast, convenient, and secure. Login to your online account or use the Olympia Benefits mobile app. Enter your details from your medical expense receipt, submit the claim, and pay the claim.
How does olympia benefits work?
Olympia Benefits uses a digital platform for sign up, claims and reimbursement. This process allows approved claims to be reimbursed to employees within 2-3 business days. ... Once the claim is approved, employees will be reimbursed in their personal bank account within 2-3 business days.
How does a Health Spending Account work Canada?
A Health Spending Account turns your after-tax personal medical expenses into a before-tax business deduction. Basically, you get to withdraw money from your corporation tax free to pay for your personal medical expenses. As a business owner, you receive income from your corporation.
What can you claim under Health Spending Account?
A Health Spending Account can cover the portion of expenses not covered by a health or dental benefits plan. This includes your deductible, coinsurance (portion not covered if your plan covers less than 100%), or amounts that are over your plan maximums. You can also claim expenses not covered under your spouse's plan.