Health Savings Account (HSA)
Eligible employees can use fund credits from their Health Spending Account (HSA) to cover medical, hospital, and dental expenses that are eligible under the Income Tax Act (Canada) and are not paid in part/full under the UR group plan with Sun Life, your spouse’s plan, or any government-sponsored plan.
If you reside in Quebec, HSA claims are taxable income to the employee.
Eligibility
Eligible employees include full-time, non-union, hourly employees who are not eligible for branch incentive “bonus” program.
Eligible Expenses
Once fund credits are established within the Sun Life system, an employee can then use these to pay for a wide variety of health and dental care expenses. View some eligible expense here.
Using Your Account
You will be required to pay up front, submit a claim with Sun Life online or by mail, and then receive reimbursement from Sun Life via elected method.
Your Company’s Contribution
At the start of each year United Rentals will allocate $800 in fund credits to an HSA for each eligible employee.*
* If hired between Jan. 2 and Dec. 31, the company contribution will fund the following Jan. 1st
Remaining Funds
You have the full calendar year in which the fund credits were established, plus an additional 12 months for any remaining amount left over, to use your fund credits. When you terminate employment with United Rentals you lose any unused amount.
