Frontier Health vs myHSA: Which HSA Is Better for Solo Incorporated Professionals?
If you're a solo incorporated accountant or professional deciding between Frontier Health and myHSA for tax-deductible health coverage, here's the short answer: both are legitimate Canadian Health Spending Account providers, but Frontier Health is simpler and cheaper for solo professionals. It costs $120/year plus 8% per claim, processes reimbursements in 24-48 hours, and has no setup fees, no contracts, and no monthly premiums. Here's the full breakdown.
Why an HSA Is Perfect for Incorporated Professionals
If you run a professional corporation -- whether you're an accountant, consultant, lawyer, or bookkeeper -- an HSA is one of the most tax-efficient ways to cover health expenses.
Here's why. When you pay yourself a T4 salary, you pay personal income tax on every dollar. But when your corporation pays for health expenses through an HSA, those reimbursements are a deductible business expense for the company and completely tax-free for you personally.
That means a $3,000 HSA benefit gives you the full $3,000 in health coverage. To get the same value through salary, you'd need to pay yourself roughly $4,200-$4,500 before tax -- depending on your province and marginal rate.
For a solo professional managing their own books, that kind of efficiency matters.
Quick Comparison
| Frontier Health | myHSA | |
|---|---|---|
| Pricing (solo) | $120/year + 8% per claim | Varies by plan |
| Monthly premiums | None | Varies |
| Setup fee | None | Varies |
| Claim speed | 24-48 hours | Standard processing |
| Reimbursement method | E-transfer | Direct deposit |
| CRA compliant | Yes | Yes |
| Cancel anytime | Yes -- no contracts | Plan terms may apply |
| Mobile app | Yes | Yes |
| Eligible expenses | Everything CRA allows | Everything CRA allows |
Where Frontier Health Stands Out
Frontier Health was built specifically for solo incorporated professionals and small teams. The pay-as-you-go model means you only pay when you actually submit a claim. No premiums sitting there every month whether you use them or not.
Pricing is transparent and public: $120/year for a solo plan, plus 8% per claim. No "contact us for a quote" step. You know exactly what you'll pay before you sign up.
Claims are processed in 24-48 hours and paid by e-transfer. That's one of the fastest turnaround times in the Canadian HSA market. Submit a photo of your receipt and the money lands in your account within two business days.
There are no setup fees, no contracts, and no minimum commitment. If it's not working for you, cancel anytime with no penalty.
Where myHSA Stands Out
myHSA has built a clean, digital-first platform that's well-regarded for its user experience. Their interface is intuitive and they've put real effort into making the process of managing benefits feel modern.
They also offer wellness spending accounts alongside their HSA plans, which gives businesses the option to cover non-medical perks like gym memberships or ergonomic equipment. If you want both an HSA and a wellness account under one provider, myHSA offers that flexibility.
myHSA has established a solid reputation in the Canadian market and serves a range of business sizes.
Cost Comparison for a Solo Professional
Let's say you're a solo incorporated accountant claiming $4,000 in eligible medical expenses per year -- dental cleanings, glasses, massage therapy, prescriptions.
With Frontier Health, your total annual cost is $440: the $120 annual fee plus 8% of $4,000 ($320). That's it. No other charges.
With myHSA, total costs will depend on the specific plan and fee structure you're quoted. Pricing can vary, so you'll want to request a quote directly for an accurate comparison.
Either way, the full $4,000 is a tax-deductible business expense for your corporation and completely tax-free income for you. That's the power of an HSA -- both providers deliver that core tax benefit.
Who Should Choose Frontier Health
If you're a solo incorporated professional who wants the simplest, cheapest way to turn health expenses into tax deductions, Frontier Health is built for you. The flat pricing is easy to understand, claims are fast, and there's nothing to lock you in. It's particularly well-suited for accountants and consultants who appreciate straightforward numbers and no surprises on the bill.
Who Should Choose myHSA
If you want a wellness spending account alongside your HSA, or if you've already been quoted a competitive rate from myHSA, they're a solid provider worth considering. Their platform is well-designed and they've earned a good reputation for user experience.
The Bottom Line
Both Frontier Health and myHSA are CRA-compliant HSA providers that give incorporated professionals the same core tax advantage: deductible expenses for your corporation, tax-free benefits for you personally.
The difference comes down to simplicity and cost. Frontier Health gives you transparent pricing you can calculate in your head, 24-48 hour reimbursements, and zero friction to get started or cancel. For a solo incorporated accountant or professional who just wants a clean, affordable way to cover health expenses through their corporation, Frontier Health is the better fit.
Looking for more comparisons? Check out our Frontier Health vs Olympia Benefits breakdown or our guide to the best HSA providers in Canada.