Canada HSA Provider Fee Benchmark (2026)

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

1. Collected pricing from official provider pages.
2. Normalized each provider into a comparable fee formula.
3. Ran shared cost scenarios to estimate first-year cost.
4. Marked non-public pricing as Not publicly listed instead of estimating.

myHSA and Wellbytes pricing was checked again on September 14, 2026. Other provider figures below retain the February 2026 snapshot; confirm current pricing before using them for a purchase decision. Wellbytes calculations use its pay-as-you-use option. Its annual plan and myHSA require quotes.

Public Fee Snapshot (Published Data)

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

Scenario B: Solo owner, $5,000 annual claims, 20 claims

Scenario C: Team of 3, $10,000 annual claims, 35 claims

Scenario D: Team of 10, $30,000 annual claims, 90 claims

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

1. The biggest pricing drivers are claim percentage and fixed annual/setup fees.
2. For small teams, setup and per-employee fees materially affect year-one total cost.
3. Some providers publish full formulas; others require quotes, which reduces pre-purchase transparency.
4. For fixed-fee-per-claim models, total cost depends on both total claims dollars and number of claim transactions.
5. At higher claim volumes, lower pure-percentage models (for example, Coastal at 7%) can be cheaper than a flat 8% 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 individual pricing and business pricing, checked September 14, 2026.
• myHSA pricing, checked September 14, 2026.
• Quikcard HSA page: https://www.quikcard.com/health-spending-accounts/

Related Reading

• Frontier HSA vs Olympia Benefits (2026)
• Best health spending account providers in Canada
• Olympia Benefits alternative page