3 Tips: Your Spending Accounts
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ASEBP News

As a covered member, you have access to at least one spending account – a Health Spending Account (HSA) being the most common. Depending on the employer, you may also have a Wellness Spending Account (WSA), or other spending/savings accounts with credits to manage every year.
Spending accounts are useful supplements to your benefit plan. To get the most out of your accounts, check out these tips and important dates to clarify:
- What you can claim
- When to submit claims
- Where and how to make a claim
- When to set the number of credits (called spending account allocation)
3 Tips: Make the Most of Your Accounts
Tip 1: Make Your Spending Account Your Friend
The first place to start is by confirming you have a spending account (or more). To find out, log in to your My ASEBP account to see what type of accounts are available to you. Then don’t forget to keep checking in on that “friend” (your spending accounts).
Tip 2: Know What’s Covered
Becoming familiar with your spending accounts helps you make the most of your benefits, so visit My ASEBP (online or mobile app) frequently.
GET TO KNOW YOUR ACCOUNT |
Get to know your account(s) and learn about:
- Health Spending Account (HSA)
- Wellness Spending Account (WSA)
- Deadlines and allocations
- Tracking and managing claims
Health Spending Accounts specifically can cover a wide range of medical expenses, including:
- Prescription drugs
- Dental and vision care
- Mental health services
- Chiropractic and physiotherapy
- Medical equipment
For details on what’s covered, including Canada Revenue Agency’s list of eligible medical expenses, visit Spending Accounts.
Tip 3: Maximize Your Coverage
To decrease the amount of out-of-pocket health related expenses, always claim through the Plan first, any other secondary coverage you may have, and then any leftover amount through your spending account(s). This maximizes your overall health coverage and extends your available benefits.
Important Dates
- September 1 to August 31: Dates the Plan year runs
- August 31: Last day to set your spending account credits (allocate credits) for covered members with more than one type of account. Note: If you miss the deadline, all credits for the year automatically go to your Health Spending Account (HSA) – the most tax-effective option.
- October 30: Deadline for claims occurring between September 1 to August 31
If you need help navigating your spending accounts, our benefit specialists are happy to support in three ways:
- Phone: 1-877-431-4786
- Email: benefits@asebp.ca
- Schedule: Use ASEBP’s online booking tool to schedule a phone call or a video call.
Note: Rocky View School (RVS) employees/staff may have the option to also allocate credits to other accounts. Check My ASEBP to see what options are available to you.