Kibono logo blue

Health benefits that you define, not us!

A Kibono HSA provides flexible, customized health coverage to supplement or replace your traditional health insurance.

The power of a Kibono HSA

A Kibono HSA (Health Spending Account), is an extremely cost-effective alternative (or supplement) to traditional health insurance.

Kibono provides you with the freedom to only pay for the benefits that are actually used, without restricting how you use them. All for a low fee per claim!

Find out how it works
Money pig
Placeholder

Built for Small-Business owners

A Kibono HSA turns routine Drug, Dental, Vision and Health & Wellness costs into a 100% tax-deductible business expense. This means for every $1 spent on medical costs for you, your family and your employees, becomes 100% tax-deductible for your business.

Learn why so many Canadian Small-Business owners are choosing a Kibono Health Spending Account to Save Tax every year.

Know the difference! Health Benefits VS. Insurance

3 Ways a Kibono HSA can SAVE you money:

1

Tax savings

Approved Employee claims are
100% tax-deductible for your business

2

No premiums

Kibono is entirely pay-per-use
Zero claims = $0 cost to your business

3

All-inclusive pricing

No setup fees, annual fees, change fees, etc. Only one fee per approved claim

See our pricing

Our promise to you

We believe honesty and transparency goes a long way.
Kibono was built with the customer in mind, not the bottom line.

Pay-Per-Claim

Only pay for what you use. It’s that simple.

No premiums

No deductibles. No co-payments. Just one flat-rate fee per claim.

See our pricing

Flexible

We let you decide which medical expenses are important to you. Not us.

No lock-in contracts

Kibono is FREE to join. No renewal or termination fees either.

No setup fees or waiting periods

We simply do not believe these are fair.

No paperwork

None. Ever.

24-hour claim approval

We are unsure why everyone else takes 2-5 business days.

Save on taxes

Claims are tax-free to Employees and 100% tax-deductible for Employers.

24/7/365 Access

Kibono puts you in control with an easy to use self-service web platform.

In order for a medical expense to be 100%
tax-deductible for your business, it must be:

1

An Eligible medical expense

View eligible expenses & practitioners
2

Taxed appropriately

3

Adjudicated and
reimbursed by Kibono

How it works

Team member 4

Sign Up

Check your Eligibility

and setup your business in minutes

Team member 4

Submit Claims

eligible medical expenses

to Kibono for approval

Team member 4

Pay & Reimburse

Prepaid HSA account

OR reimbursed monthly

Monthly HSA account

Sole Proprietor

Use the calculator below to estimate your savings!

1. Add family members

Adults

Limit per Adult - $1500

$1,500

Children

Limit per child - $750

$750

Assumed maximum annual medical costs**Drug, Dental, Vision, & Medical Costs

$2,250

2. Estimate income

Estimated self-employment income

Assumed maximum annual medical costs*

$2,250.00

Estimated tax savings using Kibono

$491.69

See detailed calculation

How much does Kibono cost?

Sole proprietor

Sole Proprietor

Invoiced monthly (taxes & fees)

4% Admin Fee per claim

-No claim reimbursement required

-Pay only the taxes & fees per claim

Assumed maximum annual medical costs**Drug, Dental, Vision, & Medical Costs

$2,250.00

Taxes & Fees

Premium Tax - 2%1

$46.80

HST - 13%2

$11.70

Kibono Admin Fee - 4%

$90.00

Total Annual Costs Using Kibono

$328.50

Total allowable Tax deduction

$2,578.50

1On claim & admin fee

2On admin fee only

Detailed Kibono Calculation

Kibono logo blue

No Kibono - Paid personally

Medical expenses

$2,250.00

$2,250.00

Premium Tax - 2%

$46.80

-

Kibono Admin Tax - 4%

$90.00

-

HST - 13% *admin fee only

$11.70

-

Total medical expenses

$2,398.50

$2,250.00

Less: CRA - METC Threshold

-

$2,250.00

Allowable medical expenses

-

$0.00

CRA Tax Credit – 15%

-

$0.00

Provincial Tax Credit - 5.05%

-

$0.00

Personal Income

$75,000.00

$75,000.00

Less: Allowable medical expenses

$2,398.50

-

Taxable income

$72,601.50

$75,000.00

Federal Tax

$12,320.03

$12,811.72

Provincial Tax

$4,881.68

$5,101.14

Less: Tax Credits

-

$0.00

Total income after tax

$62,679.97

$62,188.28

Total SAVINGS with Kibono

$491.69

-

How much does Kibono cost?

Kibono is very transparent! Calculate your maximum annual cost of your HSA.

Annual Medical Expense Budget

Assumed maximum annual medical costs

$50,000.00

Taxes & Fees

Premium Tax - 2%1

$1,000.00

Retail Sales Tax - 8%

$4,000.00

HST - 13%2

$325.00

Kibono Admin Fee - 5%

$2,500.00

Total payable to Kibono (100% tax deductible)

$7,825.00

Total allowable tax deduction

$57,825.00

1On claim & admin fee

2On admin fee only

Sole proprietor with employees

Sole Proprietor with Employees

5% Admin Fee per claim

Applicable taxes

Retail Sales Tax - 8%

Premium Tax - 2%1

HST - 13%2

1On claim & admin fee

2On admin fee only

How much does Kibono cost?

Kibono is very transparent! Calculate your maximum annual cost of your HSA.

Annual Medical Expense Budget

Assumed maximum annual medical costs

$50,000.00

Taxes & Fees

Premium Tax - 2%

$1,000.00

Retail Sales Tax - 8%

$4,000.00

HST - 13%2

$325.00

Kibono Admin Fee - 5%

$2,500.00

Total payable to Kibono (100% tax deductible)

$7,825.00

Total allowable tax deduction

$57,825.00

1On claim & admin fee

2On admin fee only

Incorporated business

Incorporated Business

5% Admin fee invoiced monthly

Applicable taxes

Premium Tax - 2%1

Retail Sales Tax - 8%

HST - 13%2

1On claim & admin fee

2On admin fee only

Insurance Add-Ons

Recommended insurance products specifically designed to compliment a Kibono HSA and maximize value for you and your Employees

Team member 4

Life & AD&D

Team member 4

Catastrophic Medical

Team member 4

Disability

How much will Kibono cost?

Enter your estimated health expenses for your business to find out your annual cost with Kibono

$

Taxes & Fees

1 On claim & admin fee

2 On claim

3 On admin fee

*Transaction fees apply: Credit Card | $0.30 + 3.50% or Direct Debit | $1.50 + 1.50%

Eligibility

Verify whether your business is eligible for a Kibono HSA in 3 steps

1

Salaried Employees

Your business must employee at least one salaried Employee with T4 income

2

Non-related Employees

50% or more Employees cannot be related to the same family (i.e. non-arm’s length)

The future of health benefits is here.
Try Kibono today!