Best PHSP Providers in Canada: 2026 Comparison

By Frontier Team•February 10, 2026•4 min read

If you're looking for the best Private Health Services Plan provider in Canada in 2026, you have several strong options. The top PHSP providers include Frontier Health, Olympia Benefits, Coastal HSA, EasyHSA, Wellbytes, and Kibono -- each with different strengths depending on your business size, budget, and how you prefer to manage claims. Below, we break down what each provider offers so you can find the right fit.

Top PHSP Providers in Canada for 2026

1. Frontier Health

Frontier Health is built for business owners who want a simple, pay-as-you-go model with no surprises. Solo incorporated professionals pay $120/year plus 8% per claim. Businesses with staff pay $450/year plus 5% per claim. Claims are processed in 24 hours, there are no setup fees or hidden charges, and you can cancel anytime.

2. Olympia Benefits

Olympia Benefits is one of the most established names in the Canadian Health Spending Account space. They are a solid choice for larger teams that need a well-known, trusted provider with a long track record. Their per-claim fees tend to be higher than newer competitors, but the brand recognition and advisor support may matter if you need a provider your accountant already knows.

3. Coastal HSA

Coastal HSA stands out for its educational content and resources that help business owners understand exactly how PHSPs work. Their pricing is straightforward, and they do a good job of walking you through the setup process. A solid pick if you value clear guidance alongside your plan administration.

4. EasyHSA

EasyHSA lives up to its name with a simple setup process aimed at small businesses. Their pricing model is easy to understand, and they focus heavily on CRA compliance to give you peace of mind. If you want a no-frills provider that gets the basics right, EasyHSA is worth a look.

5. Wellbytes

Wellbytes has built a strong online presence and targets solo incorporated professionals specifically. Their platform is clean and modern, and they do a good job of serving consultants, freelancers, and one-person corporations who want health benefits through their business without unnecessary complexity.

6. Kibono

Kibono is a newer entrant with a clean, modern interface and a pay-per-claim structure. They are gaining traction with small businesses looking for a fresh alternative to legacy providers, and their zero-annual-fee model appeals to cost-conscious owners.

How to Choose the Right PHSP Provider

Not every provider is the right fit for every business. Here are the key criteria to evaluate:

Pricing transparency -- Can you see exactly what you will pay before signing up? Avoid providers that require a consultation just to learn the cost. The best providers list their fees clearly on their website.

Claim speed -- How quickly will you or your employees get reimbursed? Some providers process claims in 24 hours, while others take a week or more. Faster is always better.

CRA compliance -- Every legitimate PHSP must follow CRA guidelines, but some providers go further with built-in fraud screening, proper tax remittance, and audit-ready documentation.

Platform usability -- Can you submit a claim from your phone in under a minute? A modern, mobile-friendly platform saves time and reduces frustration.

Target market fit -- Some providers are designed for solo professionals. Others work best for teams of 5-50. Pick a provider that specializes in businesses like yours.

Ready to Get Started?

If you want a PHSP that is simple, affordable, and built for Canadian small businesses, Frontier Health makes it easy. No setup fees, 24-hour claims, and pricing you can understand in 30 seconds. Get started today.

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