A Kibono HSA provides flexible, customized health coverage to supplement or replace your traditional health insurance.
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
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
Approved Employee claims are
100% tax-deductible for your business
Kibono is entirely pay-per-use
Zero claims = $0 cost to your business
No setup fees, annual fees, change fees, etc. Only one fee per approved claim
See our pricing
We believe honesty and transparency goes a long way.
Kibono was
built with the customer in mind, not the bottom line.
Only pay for what you use. It’s that simple.
We let you decide which medical expenses are important to you. Not us.
Kibono is FREE to join. No renewal or termination fees either.
We simply do not believe these are fair.
None. Ever.
We are unsure why everyone else takes 2-5 business days.
Claims are tax-free to Employees and 100% tax-deductible for Employers.
Kibono puts you in control with an easy to use self-service web platform.
Employee claims are reimbursed daily
Prepaid HSA accountOR reimbursed monthly
Monthly HSA accountUse the calculator below to estimate your savings!
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
Estimated self-employment income
Assumed maximum annual medical costs*
$2,250.00
Estimated tax savings using Kibono
$491.69
See detailed calculation
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
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
-
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
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
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
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
Recommended insurance products specifically designed to compliment a Kibono HSA and maximize value for you and your Employees
Individual & Dependents
100% Drug, Travel Medical & Hospital
Short & Long-Term
Insurance Add-Ons can be selected during Sign Up
*Pricing is independent of Kibono HSA
Enter your estimated health expenses for your business to find out your annual cost with Kibono
Verify whether your business is eligible for a Kibono HSA in 3 steps
Your business must employee at least one salaried Employee with T4 income
50% or more Employees cannot be related to the same family (i.e. non-arm’s length)
