The purpose of this calculator is to demonstrate the total fees + taxes incurred for estabilishing a healthcare spending account.
Different suppliers request different admin fees.
Plug in your claim amount and your admin fee to see the maximum total cost of an HSA per covered member.
TAXES
GST/HST on admin fee
PST on admin fee
PST on claim amount
RST 8% on claim amount
Insurance premium tax on admin fee
Insurance premium tax on claim
TOTAL
Total taxes payable
Total admin payable
Cost of admin + tax
Total cost to business
% of claim amount
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