2026 Benchmark
Canada HSA Provider Fee Benchmark (2026)
Public-fee benchmark for Canadian HSA providers as of February 2026, including normalized cost scenarios, assumptions, and source links.
By benji-visserFebruary 15, 20265 min read
Pricing can change. Always confirm directly on provider sites before making a final decision.
This benchmark uses publicly listed pricing from provider websites where available. If a provider does not publish full pricing, it is marked as quote-required.
This page is informational only and is not tax, legal, or accounting advice.
Methodology
- Collected pricing from official provider pages.
- Normalized each provider into a comparable fee formula.
- Ran shared cost scenarios to estimate first-year cost.
- Marked non-public pricing as
Not publicly listedinstead of estimating.
Public Fee Snapshot (Published Data)
| Provider | Incorporated Individual (public) | Business with Staff (public) | One-time fees (public) | Source |
|---|---|---|---|---|
| Frontier HSA | $0/year + 8% claim fee |
$0/year + 8% claim fee |
None listed | https://frontierhsa.ca/ |
| Olympia Benefits | Basic plan $249/year |
8% claim fee + $99/year + $40/employee |
$335 setup (group) |
https://www.olympiabenefits.com/health-plans |
| EasyHSA | 10% admin fee on approved claims |
10% admin fee on approved claims |
No signup/annual/per-employee fees stated | https://www.easyhsa.ca/ |
| Coastal HSA | 7% per claim |
7% per claim |
$50 one-time activation |
https://www.coastalhsa.ca/pricing/ |
| Kibono | $2.25 + 5.25% per claim |
$2.25 + 5.25% per claim |
$0 setup / $0 annual shown on pricing comparison table |
https://www.kibono.ca/pricing/ |
| Wellbytes | Tiered annual fee for owner-only plans ($125 up to $5,000, then higher tiers) |
$2 + 10% per transaction (states negotiable by size) |
No setup/enrolment/maintenance fees stated | https://www.wellbytes.ca/ |
| myHSA | Not publicly listed | Not publicly listed | "free to set up" stated on business page | https://www.getmyhsa.com/for-businesses |
| Quikcard | Not publicly listed | Not publicly listed | "no sign-up fees" stated; quote required for plan pricing | https://www.quikcard.com/health-spending-accounts/ |
Normalized Scenario Assumptions
To make providers comparable, the scenarios below use these assumptions:
- First-year totals include one-time setup/activation fees when publicly stated.
- Taxes (GST/HST/PPT/RST) are excluded because they vary by province and provider tax treatment.
- Transaction processor fees (for example, card/direct-debit processor fees) are excluded.
- For per-claim fixed-fee models, claim-count assumptions are explicit in each scenario.
Cost Scenarios (Estimated First-Year Cost)
Scenario A: Solo owner, $1,000 annual claims, 8 claims
| Provider | Estimated first-year cost |
|---|---|
| Kibono | $70.50 |
| Frontier HSA | $80.00 |
| EasyHSA | $100.00 |
| Coastal HSA | $120.00 |
| Wellbytes (owner tiered model) | $125.00 |
| Olympia Benefits (Basic) | $249.00 |
Scenario B: Solo owner, $5,000 annual claims, 20 claims
| Provider | Estimated first-year cost |
|---|---|
| Wellbytes (owner tiered model) | $125.00 |
| Olympia Benefits (Basic) | $249.00 |
| Kibono | $307.50 |
| Coastal HSA | $400.00 |
| Frontier HSA | $400.00 |
| EasyHSA | $500.00 |
Scenario C: Team of 3, $10,000 annual claims, 35 claims
| Provider | Estimated first-year cost |
|---|---|
| Kibono | $603.75 |
| Coastal HSA | $750.00 |
| Frontier HSA | $800.00 |
| EasyHSA | $1,000.00 |
| Wellbytes | $1,070.00 |
| Olympia Benefits | $1,354.00 |
Scenario D: Team of 10, $30,000 annual claims, 90 claims
| Provider | Estimated first-year cost |
|---|---|
| Kibono | $1,777.50 |
| Coastal HSA | $2,150.00 |
| Frontier HSA | $2,400.00 |
| EasyHSA | $3,000.00 |
| Wellbytes | $3,180.00 |
| Olympia Benefits | $3,234.00 |
Setup Fee Effect (Year 1 vs Year 2+)
Some providers publish one-time onboarding fees.
Team C ($10,000 claims, 3 employees)
- Olympia: Year 1
$1,354.00; Year 2+$1,019.00 - Coastal: Year 1
$750.00; Year 2+$700.00
Team D ($30,000 claims, 10 employees)
- Olympia: Year 1
$3,234.00; Year 2+$2,899.00 - Coastal: Year 1
$2,150.00; Year 2+$2,100.00
Key Findings
- The biggest pricing drivers are claim percentage and fixed annual/setup fees.
- For small teams, setup and per-employee fees materially affect year-one total cost.
- Some providers publish full formulas; others require quotes, which reduces pre-purchase transparency.
- For fixed-fee-per-claim models, total cost depends on both total claims dollars and number of claim transactions.
- At higher claim volumes, lower pure-percentage models (for example, Coastal at
7%) can be cheaper than a flat8%model on raw fee totals.
Notes on Data Quality
- This benchmark only uses publicly visible pricing at verification time.
- Provider pricing pages and terms can change at any time.
- Some providers bundle optional insurance or add-ons; this benchmark focuses on base HSA administration pricing where possible.
Sources
- Frontier HSA pricing page:
https://frontierhsa.ca/ - Olympia Benefits health plan pricing:
https://www.olympiabenefits.com/health-plans - EasyHSA website:
https://www.easyhsa.ca/ - Coastal HSA pricing:
https://www.coastalhsa.ca/pricing/ - Kibono pricing:
https://www.kibono.ca/pricing/ - Wellbytes website (FAQ fee section):
https://www.wellbytes.ca/ - myHSA business page:
https://www.getmyhsa.com/for-businesses - Quikcard HSA page:
https://www.quikcard.com/health-spending-accounts/
Related Reading
Want this benchmark tailored to your business?
We can help you run a scenario with your team size, expected claim volume, and reimbursement cadence.