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 Frontier TeamFebruary 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?
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