Frontier HSA vs Olympia Benefits
Compare pricing, features, and service to find the best HSA for your business.
Compare feesFee Comparison
| Feature | Frontier HSA | Olympia Benefits |
|---|---|---|
| Setup Fee | $0 | $335 |
| Annual Fee (Individual) | $0 | $249 |
| Claim Fee (Individual) | 8% | 0% |
| Annual Fee (Group) | $0 | $99 |
| Claim Fee (Group) | 8% | 8% |
| Per-Employee Fee | $0 | $40 |
Fees are before applicable taxes. See the plan details and dated sources below; annual-plan options may have different pricing.
Frontier
within 24 hours
Olympia Benefits
5-7 business days
Frontier
Yes
Olympia Benefits
Yes
Frontier
Web App
Olympia Benefits
Varies
Olympia Benefits vs Frontier HSA: Side-by-Side Comparison
If you're comparing Olympia Benefits vs Frontier, the main tradeoff is pricing model:
- Frontier: no annual fee, 8% claim fee, no setup fee
- Olympia: higher annual/setup costs depending on plan, lower or zero claim fee on some tiers
Both providers operate as CRA-compliant PHSP/HSA administrators in Canada.
Quick Comparison Table
| Category | Frontier HSA | Olympia Benefits |
|---|---|---|
| Annual fee | $0 | $249 (individual) / $99 (group) |
| Claim fee | 8% | 0% (individual) / 8% (group) |
| Setup fee | $0 | $335 |
| Per-employee fee | $0 | $40 |
| Typical reimbursement speed | Within 24 hours | 5-7 business days |
Olympia HSA Review: Pros and Cons
Where Olympia Benefits is strong
- Long operating history and strong brand recognition
- Familiar advisor/accountant network
- Flat-fee individual plans can be attractive for high annual claimers
Where Frontier is stronger
- No setup fee and no per-employee fee
- Faster reimbursements for most claims
- Lower total cost for many small teams because of no annual fee and no setup/per-employee fees
- Clear pay-as-you-go pricing for incorporated professionals
Olympia Benefits Alternative: Real Cost Examples
Example 1: Individual claiming $1,000/year
- Frontier: 8% ($80) = $80
- Olympia: $249 + 0% ($0) = $249
- Difference: Frontier lower by $169
Example 2: Team with 3 employees and $10,000 claims/year
- Frontier: 8% ($800) = $800
- Olympia: $335 setup + $99 annual + $120 employee fees + 8% ($800) = $1,354
- Difference: Frontier lower by $554
Who Should Choose Frontier vs Olympia
Choose Frontier if:
- You want predictable, transparent pricing without setup surprises
- You are a qualifying shareholder-employee or a small team
- Fast reimbursement time matters
Choose Olympia if:
- You strongly prefer a known advisor-led setup model
- You are an individual with consistently high claims where flat annual pricing is better for your case
Frequently Asked Questions
Is Frontier a good Olympia Benefits alternative?
For many qualifying shareholder-employees and small teams, yes. Frontier is often cheaper because of no annual fee, no setup fee, no per-employee fees, and a straightforward 8% claim fee.
Is Frontier HSA legitimate compared with Olympia?
Yes. Both are structured as CRA-compliant PHSP/HSA offerings in Canada. The practical differences are mostly pricing model, speed, and user experience.
How hard is switching from Olympia Benefits to Frontier?
Operationally simple: create the new Frontier account, stop new claims in the old plan, and submit new claims under Frontier going forward.
Does Olympia cover different medical expenses than Frontier?
Core eligibility comes from CRA rules, so both are based on CRA-eligible medical expenses. Plan administration details may differ, but expense categories are largely aligned.
Ready to switch from Olympia Benefits?
Frontier charges 8% of approved claims, plus applicable taxes. No setup or annual fee. Review your current plan before switching.
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